Sunday, July 6, 2008

Sangoma Agrees to Acquire Paraxip

Sangoma Technologies agreed to acquire all of the shares of Paraxip Technologies Inc. for $4.8 million, payable as to $1.9 million in cash and 2.3 million Sangoma common shares.

Paraxip is a developer of IP connectivity software for IP telephony applications. Founded in 2003, Paraxip's customers include IBM, Genesys (a subsidiary of Alcatel-Lucent), First Data Corporation and the State of California.

Sangoma Technologies supplies PC-based hardware and software for proprietary and open source data and telephony transport solutions.

Sangoma said the integration of Paraxip's SIP based NetBorder suite into its product line provides a growth path that includes the Unified Communications market, IP contact centers, commercial interactive voice response solutions and other SIP-based telephony markets. The combined products and channels of the two companies considerably extend Sangoma's current addressable market range by providing support for all software-based telephony applications.

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