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News
May 21, 2019

Ooma Agrees to Acquire Broadsmart, Increasing the Scale of Ooma’s Business Communications and UCaaS Platforms

Sunnyvale, CA – Tuesday, May 21, 2019 – Ooma, Inc., a smart communications platform for businesses and consumers, today announced that it signed a definitive agreement on May 15, 2019, to acquire Broadsmart Global, Inc., a leading provider of cloud-based unified communications as a service (UCaaS) solutions. The acquisition of Broadsmart (https://broadsmart.com/) is expected to provide scale for the Ooma Office (https://www.ooma.com/office/) and Ooma Enterprise (https://www.ooma.com/enterprise-communications/) platforms by giving Ooma access to Broadsmart’s channel sales team, partner program and operational resources. Based in West Palm Beach, Florida, Broadsmart provides mid-sized and large enterprises with hosted voice service, audio and video conferencing, web collaboration, fiber connectivity, and SIP/IP trunking, along with network design and security solutions. Broadsmart serves customers throughout the United States and Canada. Broadsmart was previously a subsidiary of magicJack VocalTec, Ltd., a cloud-based Voice over Internet Protocol (VoIP) company, which was acquired by B. Riley Principal Investments, LLC,…
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June 26, 2017

magicJack Appoints Industry Veteran Kerrin Parker to Broadsmart CEO

Broadsmart COO promoted to CEO reporting directly to Don Bell WEST PALM BEACH, Fla. and NETANYA, Israel, June 26, 2017 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, announced today that Kerrin Parker has been promoted to CEO of Broadsmart, a division of magicJack.  Broadsmart is a leading hosted UCaaS (Unified Communication as a Service) provider for medium-to-large multi-location enterprise customers. Parker, who previously served as COO of Broadsmart, has more than 20 years of experience in the UCaaS industry and will report directly to Don Bell. “We’re investing behind Kerrin to scale Broadsmart with an elevated focus on development, innovation and expanded product offerings to the enterprise community,” said Don Bell, CEO, magicJack. “Kerrin is a natural leader, client advocate and experienced UCaaS operating executive.  She has an impressive track record building her business by delivering for her clients.  Her passion for the business and vision for the future of Broadsmart will…
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May 10, 2017

magicJack Reports First Quarter 2017 Financial Results

Total net revenues of $23.2 million, access rights renewal revenues were $13.5 million GAAP operating loss of $34.5 million, adjusted EBITDA of $4.2 million GAAP diluted EPS of ($1.44), non-GAAP diluted EPS of $0.21 Cash and cash equivalents of $48.3 and no debt as of March 31, 2017 WEST PALM BEACH, Fla. and NETANYA, Israel, May 10, 2017 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, today announced financial results for the first quarter ended March 31, 2017. “During the first quarter, we took decisive action to advance our dual track strategy,” said Don C. Bell, CEO of magicJack VocalTec. “We recruited a new executive management team, launched a strategic alternatives process, added two new board members, concluded two proxy contests, cut costs and underperforming initiatives and renewed our strategic focus on our core market and expanding our addressable market with our mobile-first, web-first strategy. By taking the actions we did in this quarter, which resulted in some one-time…
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March 15, 2017

magicJack Announces New Senior Management Team and Strategic Alternatives Process

Don C. Bell, III named Chief Executive Officer Gerald Vento remains on the Board of Directors Dual track approach to maximize shareholder value through strategic alternatives process and the execution of new business strategy WEST PALM BEACH, Fla. and NETANYA, Israel, March 15, 2017 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications company, today announced the appointment of Don Carlos Bell III as Chief Executive Officer of magicJack. Mr. Bell is an experienced technology and telecom operating executive, a public shareholder advocate with a recent track record of leading two successful company sales while serving as chairman and member of the special committees of the boards of those companies. He has successfully invested his private capital in the public equity of several wireless technology companies, including those on which he has served as a board member. On behalf of magicJack’s Board, Chairman Donald Burns said, “We are very pleased to announce Don as CEO and believe…
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November 9, 2016

magicJack Reports Third Quarter 2016 Financial Results

Total net revenues of $24.6 million, access rights renewal revenues were $14.5 million GAAP operating income of $5.4 million, Adjusted EBITDA of $7.0 million GAAP diluted EPS of $0.21, non-GAAP diluted EPS of $0.29 Generated $4.9 million in cash from operating activities, $4.8 million in free cash flow Cash and cash equivalents of $51.5 million and no debt as of September 30, 2016 WEST PALM BEACH, Fla. and NETANYA, Israel, Nov. 09, 2016 (GLOBE NEWSWIRE) —  magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, today announced financial results for the third quarter ended September 30, 2016. “We were pleased with our execution in the third quarter,” said Gerald Vento, President and CEO of magicJack VocalTec. “The results were driven by our consumer business highlighted by low churn, stabilization in activations and ongoing traction with our organic growth initiatives.” Third Quarter 2016 Financial Highlights: Net revenues: Total net revenues for the third quarter of 2016 were $24.6 million. Net revenues from the sales of magicJack devices were $2.8 million and…
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August 9, 2016

magicJack Reports Second Quarter 2016 Financial Results

Total net revenues of $25.3 million, access rights renewal revenues were $14.8 million GAAP operating income of $4.2 million, Adjusted EBITDA of $7.1 million GAAP diluted EPS of $0.18, non-GAAP diluted EPS of $0.27 Generated $1.3 million in free cash flow Cash and cash equivalents of $46.7 million and no debt as of June 30, 2016 WEST PALM BEACH, Fla. and NETANYA, Israel, Aug. 09, 2016 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, today announced financial results for the second quarter ended June 30, 2016. “We are pleased with our second quarter results,” said Gerald Vento, President and CEO of magicJack VocalTec. “During the quarter, we continued to generate strong cash flow in our consumer business and experienced the lowest churn in our company’s history.  We also made great progress with our growth initiatives, including the integration of Broadsmart, the launch of magicJack for Business targeting SMBs and the release of our magicJack Connect mobile app.” Second Quarter 2016 Financial Highlights:…
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July 6, 2016

Broadsmart Selects BroadSoft’s Cloud Contact Center Offering

A Broadsoft press release we are proud to share. Broadsmart Selects BroadSoft’s Cloud Contact Center Offering Broadsmart call center to leverage the BroadCloud Contact Center Salesforce Edition to integrate voice capabilities with Salesforce workflow Gaithersburg, MD, June 27, 2016 – BroadSoft, Inc. (NASDAQ: BSFT), a global unified communication software as a service (UCaaS) leader, today announced that Broadsmart Global, a leading hosted UCaaS provider for medium-to-large multi-location enterprise customers, has selected the BroadCloud Contact Center Salesforce Edition for its call center – enabling Broadsmart and its affiliated companies to offer enhanced call center efficiency, customer service and agent availability. The announcement was made at Call Center Week, the world’s largest contact center conference and expo, which is taking place from June 27–July 1, 2016 in Las Vegas, Nevada. The BroadCloud Contact Center Salesforce Edition will provide Broadsmart with deep application integration that extends beyond simple Computer Telephony Integration (CTI), with a contact center app that is fully embedded…
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May 12, 2016

magicJack VocalTec Ltd acquires North American Telecommunications d/b/a Broadsmart

  On March 17th, 2016  magicJack VocalTec Ltd, a VoIP cloud-based communications company, closed the acquisition of North American Telecommunications d/b/a Broadsmart.  Todd Correll & Tom Tharrington will remain the CEO & President of the company, as a subsidiary of magicJack VocalTc Ltd. “With the successful close of this transaction, magicJack has now diversified its operations into UCaaS with one of the fastest growing and most profitable businesses in the industry,” said Gerald Vento, President and CEO of magicJack VocalTec, Ltd. “This acquisition positions us to compete long-term in this category by utilizing the Broadsmart business and our strong balance sheet to target medium and large enterprise customers.” Broadsmart has a proven history of designing, provisioning & delivering United Communication as a service (UCaas) solutions to blue chip corporate customers nationally. MagicJack is please to diversify its core business into targeting UCaaS high end SMB & enterprise customers & looks forward to…
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May 10, 2016

magicJack Reports First Quarter 2016 Financial Results

Total net revenues of $23.7 million, access rights renewal revenues were $15.2 million GAAP operating income of $4.2 million, Adjusted EBITDA of $7.4 million GAAP diluted EPS of $0.05, non-GAAP diluted EPS of $0.34 Generated $6.9 million in free cash flow Cash and cash equivalents of $45.5 million and no debt as of March 31, 2016 WEST PALM BEACH, Fla. and NETANYA, Israel, May 10, 2016 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (Nasdaq:CALL), a leading VoIP cloud-based communications and UCaaS company, today announced financial results for the first quarter ended March 31, 2016. “We were pleased with our execution during the first quarter highlighted by our ability to generate strong free cash flow,” said Gerald Vento, President and CEO of magicJack VocalTec. “During the quarter, we made great progress with all of our growth initiatives while the addition of Broadsmart successfully diversified the company into UCaaS targeting high end SMB and enterprise customers.” First Quarter 2016 Financial Highlights: Net revenues: Total net revenues for the first quarter of 2016…
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November 5, 2015

How a Broadsmart/Broadsoft powered solution transformed communications for a leading law firm

INDUSTRY: LAW Becker and Poliakoff How a Broadsmart/BroadSoft-powered solution transformed communications for a leading law firm  Becker & Poliakoff is a commercial law firm with thirteen offices across Florida and a presence in New York, New Jersey, Virginia, Washington, D.C., and the Czech Republic. The company’s 170 attorneys and supporting professionals serve a diverse client base worldwide.  The Challenge As with all law firms, voice communication is a critical business application for Becker and Poliakoff. To address their needs, the firm had developed a telephony infrastructure of standalone PBXs at each of its locations. However, with a limited IT staff, the systems were inconsistently updated, supported and maintained, and with no redundancy for disaster recovery. In fact, an outage in a line connecting a PBX to the public network left one of the company’s offices without phone service for days. Complicating the challenge, more than a third of Becker and Poliakoff’s work…
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