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NEW YORK - Sangoma Technologies Corporation (TSX:STC; Nasdaq:SANG), a $196 million market cap company with annual revenues of $238 million, and VTech Hospitality announced Tuesday a strategic partnership to deliver an integrated communications solution for the hospitality industry. According to InvestingPro analysis, Sangoma maintains a strong gross profit margin of 68.6% and currently trades below its Fair Value.
The collaboration makes Sangoma’s unified communications platform compatible with VTech’s hospitality phones, creating a bundled solution aimed at hotels and resorts seeking to upgrade their communications systems.
"This partnership aligns perfectly with our vertical strategy of delivering purpose-built solutions for priority industries," said Charles Salameh, CEO of Sangoma.
The joint offering provides hotels with centralized management of all phones and features through a single dashboard. The system includes capabilities such as voicemail to email, call routing, and auto attendants designed to improve guest service response times.
According to the companies, the platform delivers 99.999% uptime and includes site survivability features to maintain communications during network outages.
"Our hospitality phones are trusted around the world, and when paired with Sangoma’s communication platform, they become part of a modern guest experience," said Chad M. Collins, Vice President, Sales at VTech Hospitality.
The solution is now available across North America through both companies’ partner channels, according to the press release statement.
Sangoma provides business communications platforms with over 2.7 million UC seats across more than 100,000 customers, while VTech Hospitality offers communication solutions specifically designed for the hospitality industry. The company’s financial health is rated as GOOD by InvestingPro, with notably strong free cash flow yield and high shareholder returns.
In other recent news, Sangoma Technologies Corporation has announced an expansion in its use of Amazon Web Services (AWS) to enhance its cloud communications solutions. The company is leveraging a range of AWS services to support its Cloud UCaaS platform and contact center solutions, aiming to deliver improved services to business customers. Additionally, Sangoma has entered into a strategic partnership with Quicklert to boost safety and communications systems in the education sector. This collaboration is designed to help schools comply with safety mandates like Alyssa’s Law, which requires silent panic alarms in public schools to alert law enforcement during emergencies. The partnership also plans to extend its reach into sectors such as healthcare, government, hospitality, and retail. These developments reflect Sangoma’s ongoing efforts to enhance its offerings and expand its market presence.
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