Ooma to acquire FluentStream for $45M in cash

Ooma (OOMA) announced that it has signed a definitive agreement to acquire FluentStream for approximately $45M in cash, subject to customary working capital adjustments. The acquisition of FluentStream is expected to be accretive to Ooma’s adjusted EBITDA and non-GAAP earnings per share starting on the closing date of the transaction, which is expected to occur in the fourth quarter of Ooma’s fiscal year 2026, subject to the receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions. FluentStream is expected to generate $24M-$25M in revenue and $9.5M-$10.5M of adjusted EBITDA annually, based on current run rates. The board of directors of Ooma has approved the transaction, and Ooma expects to finance the acquisition through a combination of cash on hand and bank debt financing.