Ooma Inc., a provider of advanced communications services for businesses and consumers, has agreed to acquire FluentStream Corp., a provider of enterprise-grade business phone services, for about $45 million in cash, subject to customary working capital adjustments, the company said.
The acquisition 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 during the fourth quarter of Ooma’s 2026 fiscal year. The deal is subject to the receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.
FluentStream is expected to generate $24 million-$25 million in revenue and $9.5 million-$10.5 million of adjusted EBITDA annually, based on current run rates, officials said. Ooma’s board of directors approved the transaction, which is expected to be paid for with cash on hand and bank financing.
Denver-based FluentStream, founded in 2010, is a cloud communications/UCaaS provider with a “strong channel/partner program,” officials said. Similar to Ooma Office, FluentStream provides voice, text, mobile and call‑center features, and supports remote/hybrid workforces. FluentStream experienced growth over the last several years through a series of acquisitions and serves approximately 5,000 customers and 80,000 users.
“We are looking forward to welcoming the FluentStream team to Ooma and building a future together that will create significant value for all our stakeholders. This acquisition is consistent with our strategy to extend our leadership in serving SMB customers and grow Ooma Business,” said Eric Stang, CEO of Ooma. “FluentStream’s focus on the SMB market, stable base of customers and channel partners, and EBITDA performance make it the perfect fit for our strategy to expand our portfolio of brands, accelerate growth and deliver long-term value for our shareholders.”
“Our customers are the heart of everything we do,” said Kerrin Parker, CEO of FluentStream. “As a part of Ooma, we will continue to deliver the responsive service and flexible communications solutions our partners and customers count on, while expanding what’s possible for them through Ooma’s scale and innovation.”
