Ooma has signed a definitive agreement to acquire Broadsmart, a leading provider of cloud-based UCaaS solutions.
The acquisition is expected to provide scale for the Ooma Office and Ooma Enterprise platforms by giving Ooma access to Broadsmart’s channel sales team, partner program and operational resources.
Based in West Palm Beach, Florida, Broadsmart provides mid-sized and large enterprises with hosted voice service, audio and video conferencing, web collaboration, fiber connectivity, and SIP/IP trunking, along with network design and security solutions. Broadsmart serves customers throughout the U.S. and Canada.
Broadsmart was previously a subsidiary of magicJack VocalTec, Ltd., a cloud-based VoIP company, which was acquired by B. Riley Principal Investments, LLC, a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), in November 2018.
