Ooma, a leading innovative communications platform for businesses and consumers, announced that it has entered into a definitive agreement to acquire FluentStream, a Denver-based provider of enterprise-grade cloud communications services for small and medium-sized businesses. The all-cash transaction is valued at approximately $45 million, subject to customary working capital adjustments.
The acquisition is expected to close in the fourth quarter of Ooma’s fiscal year 2026, pending regulatory approvals and other standard closing conditions. Ooma plans to finance the deal using a combination of cash on hand and bank debt financing. Once completed, the acquisition is expected to be immediately accretive to Ooma’s adjusted EBITDA and non-GAAP earnings per share.
FluentStream, founded in 2010, operates as a unified communications-as-a-service (UCaaS) provider with a strong focus on SMB customers and a robust partner channel. The company offers a full suite of voice, text, mobile, and call center services that cater to hybrid and remote work environments. It currently serves around 5,000 customers and 80,000 users, supported by its proprietary UCaaS platform and U.S.-based customer service.
The transaction is expected to add approximately $24–$25 million in annual revenue and $9.5–$10.5 million in adjusted EBITDA, based on current run rates. Ooma’s board of directors has approved the deal, which will expand the company’s market share and enhance its ability to deliver communications solutions tailored to SMB needs.
Support: KeyBanc Capital Markets advised FluentStream on the transaction.
KEY QUOTES:
“We are looking forward to welcoming the FluentStream team to Ooma and building a future together that will create significant value for all our stakeholders. This acquisition is consistent with our strategy to extend our leadership in serving SMB customers and grow Ooma Business. FluentStream’s focus on the SMB market, stable base of customers and channel partners, and EBITDA performance make it the perfect fit for our strategy to expand our portfolio of brands, accelerate growth, and deliver long-term value for our shareholders.”
Eric Stang, Chief Executive Officer, Ooma
“Our customers are the heart of everything we do. As a part of Ooma, we will continue to deliver the responsive service and flexible communications solutions our partners and customers count on—while expanding what’s possible for them through Ooma’s scale and innovation.”
Kerrin Parker, Chief Executive Officer, FluentStream
