MARKHAM, Ontario, Feb. 27, 2019 /PRNewswire/ -- Sangoma Technologies Corporation (TSX VENTURE: STC), a trusted leader in delivering Unified Communications solutions for SMBs, enterprises, OEMs, and service providers both on-premise and in the cloud, today announced that it was named to the 2019 TSX Venture 50 as one of the highest performing companies in the Technology industry sector.
The TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is comprised of ten companies from each of five industry sectors, selected based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume. During 2018, Sangoma achieved 155% growth in market capitalization, 67% appreciation in share price, and trading volume of over 22 million.
"It is an honor to be named to the TSX Venture 50 and to join this exclusive group of high-performing industry leaders," said Bill Wignall, President and CEO of Sangoma. "This serves as confirmation that our growth strategy is positioning our company and our stakeholders for success. 2018 was an important year for Sangoma. We will continue to build upon this momentum in 2019, as we expect to surpass $100 million in revenue for the first time, by delivering even greater value to our customers, partners, and shareholders around the world."
About Sangoma Technologies Corporation
Sangoma Technologies is a trusted leader in value-based Unified Communications (UC) and UC as a Service (UCaaS) solutions for SMBs, enterprises, OEMs, carriers, and service providers. Sangoma's Voice over IP offerings include on-premise and cloud-based phone systems, SIP trunking services, and telephony hardware. Sangoma's products and services are used in leading PBX, IVR, contact center, carrier networks, and data communication applications worldwide. Sangoma is the primary developer and sponsor of the Asterisk project, the world's most widely used open source communications software, and the FreePBX project, the world's most widely used open source PBX software. Businesses can achieve enhanced levels of collaboration, productivity, and ROI with Sangoma. Everything Connects, Connect with Sangoma!
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE: STC). Additional information on Sangoma can be found by visiting www.sangoma.com.