Digium
None
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|
Type | Subsidiary |
---|---|
Industry | Telecommunications |
Founded | 1999 |
Founder | Mark Spencer |
Headquarters | 445 Jan Davis Dr NW, Huntsville, Alabama , United States |
Area served
|
170 countries |
Key people
|
Mark Spencer
Founder |
Products |
Switchvox Business Phone Systems (Cloud-Based and On-Premises)
Switchvox Mobile Cloud Services Asterisk Open Source Software Asterisk Commercial Licensing Asterisk Support WebRTC IP Phones VoIP Gateways Telephony Interface Cards Asterisk Add-On Products |
Parent | Sangoma Technologies Corporation |
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Digium, Inc. is a communications technology company based in Huntsville, Alabama, and since 2018, a subsidiary of Sangoma Technologies Corporation . The company makes VoIP business phone systems, IP phones, and hardware products. [1] [2] It was founded in 1999 by Mark Spencer .
Digium offers both business-to-consumer and business-to-business communications products. [1]
History
In 1999, while a computer engineering student at Auburn University, Mark Spencer founded Linux Support Services (LSS). His motivation for starting the company was the high cost of existing business phone systems. [2] [3] Spencer named it Asterisk, after the programming wildcard symbol and the ”star” phone key. It enabled phone calls over the Internet, providing an alternative to hardware-dependent PBX systems at a reduced cost. [2]
Asterisk-based business phone systems were the first of a new generation of VoIP-based communications products to compete with companies such as Cisco and Avaya . Reflecting the company's shift away from Linux support to developing Asterisk and new communications solutions, Linux Support Services was renamed to Digium in 2001. [2]
Digium provides a business phone system powered by Asterisk, either as an on-premises solution or a cloud-based PBX solution. [4] The service can be extended to employee mobile devices. [5]
It is estimated that Asterisk is currently being used by developers in 170 countries, and is running on approximately 1 million servers. [6]
Acquisition
Sangoma Technologies Corporation announced on August 23, 2018, that they entered into a definitive agreement, closing August 31, 2018, expecting to pay US$28 million on a debt-free and cash-free basis, subject to customary working capital adjustments, to acquire Digium. [7] The purchase price consists of $24.3 million in cash and 3,943,025 Sangoma common shares (representing $3.7 million based on a ten-day volume-weighted average price of $1.2214 per common share). Digium generated approximately $30 million in revenue in its fiscal year ended December 31, 2017, with consolidated assets (net of cash) of approximately $11 million, no debt, and a net loss of approximately $4 million. The transaction closed and was finalized on September 5, 2018. [8]
References
- 1 2 "Digium Company" . Digium . Retrieved November 9, 2016 .
- 1 2 3 4 " "Dial D for Disruption," Forbes Magazine, 3/24/2006" . Forbes Magazine . Retrieved November 9, 2016 .
- ↑ "Asterisk VoIP News, "The Asterisk Story." " . Asterisk VoIP News . Archived from the original on October 25, 2016 . Retrieved November 9, 2016 .
- ↑ "Digium Business Phone Systems" . Digium . Retrieved November 9, 2016 .
- ↑ "Digium Mobility Business Phone Systems" . Digium . Retrieved November 9, 2016 .
- ↑ "Asterisk.org" . Asterisk . Retrieved November 9, 2016 .
- ↑ "DIGIUM ANNOUNCES TRANSFORMATIVE ACQUISITION BY SANGOMA - Phone Systems Powered by Asterisk" . www.digium.com . Retrieved August 31, 2018 .
- ↑ "Sangoma Completes Acquisition of Digium - NASDAQ.com" . NASDAQ.com . Retrieved September 6, 2018 .