Sangoma Technologies Corporation Announces Debt Reduction and Year-End Update
In line with our capital allocation strategy disclosed in the third quarter of Fiscal 2024, Sangoma executed a debt repayment of
Fiscal 2024 concluded on
Under the leadership of
Additionally, Sangoma has achieved commendable increases in its Support Team Customer Satisfaction (CSAT) and Net Promoter Score (NPS) following dedicated efforts led by the new Chief Customer Officer. These improvements underscore Sangoma's commitment to delivering exceptional customer experiences while maintaining industry-leading churn rates.
As Sangoma prepares for Fiscal 2025, the Company remains focused on driving top-line revenue growth through its enhanced go-to-market strategies. The Company will continue to provide guidance and corporate updates to investors throughout Fiscal 2025, maintaining transparency and accountability.
“We are pleased with the progress made in Fiscal 2024 and excited about the opportunities ahead in Fiscal 2025,” said
About
Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises setups. Additionally, Sangoma provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers. Sangoma has been recognized for nine years running in the Gartner UCaaS Magic Quadrant. As the primary developer and sponsor of the open source Asterisk and FreePBX projects, Sangoma is determined to drive innovation in communication technology continuously. For more information, visit www.sangoma.com.
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Chief Financial Officer
investorrelations@sangoma.com
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