Sangoma Technologies Corporation (TSXV:STC) agreed to acquire all assets of Converged Communication Division from Dialogic, Inc. for CAD 5.7 million on January 8, 2018. The purchase price is subject to customary working capital adjustments and of which 10% is subject to a holdback at closing. In conjunction with this transaction, Sangoma extended the borrowing capability with its current Canadian bank from CAD 4.5 million to CAD 8.5 million to ensure that it continues to have the flexibility to grow. Post completion, all employees will join Sangoma and General Manager Jim Machi will also join Sangoma and continue to lead the division. The acquisition is expected to close in early January 2018 and will be accretive immediately. INFOR Financial Inc. acted as financial advisor to Sangoma. Fasken acted as legal advisor to Dialogic, Inc. Sangoma Technologies Corporation (TSXV:STC) completed the acquisition of all assets of Converged Communication Division from Dialogic, Inc. on January 9, 2018. In conjunction with this transaction, Sangoma added a new term loan of CAD 4 million from its current Canadian bank in order to finance the transaction and to ensure ongoing flexibility to continue its growth strategy.