Ooma to acquire Phone.com for $23.2M in cash, sees accretion

Ooma (OOMA) announced that it has signed a definitive agreement to acquire Phone.com for approximately $23.2M in cash, subject to customary working capital adjustments. This acquisition follows Ooma’s recent announcement of a definitive agreement to acquire FluentStream. The acquisition of Phone.com is expected to be accretive to Ooma’s adjusted EBITDA and non-GAAP earnings per share starting on the closing date of the transaction, which is expected to occur in the fourth quarter of Ooma’s fiscal year 2026, subject to the receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions. Phone.com is expected to generate $22M-$23M in revenue and $1M-$1.5M in adjusted EBITDA annually, based on current run rates and before synergies. The board of directors of Ooma has approved the transaction, and Ooma expects to finance the acquisition through a combination of cash on hand and bank debt financing. The company serves approximately 36,000 customers and 87,000 users across North America from its UCaaS platform.