Q Advisors Represents Intrado in Acquisition of OnSIP by Ooma

SUNNYVALE,CA - September 1, 2022 - Ooma, Inc., a smart communications platform for businesses and consumers, has announced the completion of its acquisition of Junction Networks Inc., doing business as OnSIP, an innovative provider of cloud-based phone and unified communications services for small and mid-sized businesses, from  Intrado Corp. The transaction was completed on July 22, 2022. OnSIP, founded in 2004, provides UCaaS solutions designed to make cloud communications approachable for small businesses – much like  Ooma Office- allowing customers to utilize modern communications tools to enhance their business while streamlining deployment and ongoing management. OnSIP customers can choose between unlimited monthly plans and metered “pay as you go” plans. Dedicated to providing white-glove customer support, OnSIP won the  Excellence in Customer Service Award from Business Intelligence Group – which recognizes companies delivering distinctive customer service focused on setting up customers for success – for the fourth year in a row in 2022. “We’re delighted to welcome OnSIP into the Ooma portfolio of business solutions,” said Eric Stang, chief executive officer of Ooma. “OnSIP serves a marquee collection of approximately 50,000 primarily small business users and is well-respected for the ease of use and flexibility of its services and strong customer support. We believe the acquisition of OnSIP is complementary to our strategy to extend our leadership in serving SMB customers and will accelerate overall growth of Ooma Business. We are also thrilled to expand our Ooma team with the addition of OnSIP’s highly experienced employees.” Q Advisors, a global TMT investment banking boutique, acted as sell-side advisor to Intrado in connection with the transaction.