STC Sangoma Technologies Corporation

Sangoma Technologies Corporation (TSX VENTURE:STC), a leading provider of
hardware and software components that enable or enhance IP Communications
Systems for both voice and data, announced it has acquired the key assets of the
VegaStream Group of Companies, a leading UK-based developer of VOIP gateway
appliances. 


The business operations of VegaStream will be quickly integrated into Sangoma's,
with VegaStream staff being welcomed as part of the respective Sangoma teams,
the majority being in R&D and Sales and Marketing. The VegaStream products will
become part of the Sangoma portfolio with customers rapidly benefiting from
Sangoma's reputation for efficient supply chain management and quick turnaround
of customer orders.


Sangoma is investing in new marketing, sales and product development
initiatives, and this transaction is further evidence of such investments to
drive ongoing growth. The acquisition of VegaStream helps Sangoma to achieve
several of its strategic objectives: broadening its portfolio, adding to its
distribution network, delivering existing channel partners a more comprehensive
set of products, affording Sangoma an EU office to enable better service to this
critical part of the world in local time zones, expanding its customer base and
customer segments (including more network operators), and penetrating more
deeply into developing regions, including significant upside in the key market
of India with some excellent large clients.


"VegaStream has some truly great products, people, customers and distributors",
said Bill Wignall, President and CEO of Sangoma. Wignall continued, "As the IP
Communications market evolves, Sangoma is re-inventing itself in order to become
a significant player in more segments within that market. This acquisition
supports one of our key corporate messages, 'We are not just a board company
anymore'. For years, Sangoma has provided the industry's leading portfolio of
TDM to IP cards for use inside servers, and we will continue to dominate that
space. However, external gateways which provide much of the same functionality
but reside outside the server as their own appliance, are becoming increasingly
popular, and we want to offer our customers both options. External gateways
expand our addressable market, can be easily integrated into Virtualized and
Cloud based solutions, and so we hope to capture additional opportunities in
this space as well as in our traditional segment. We decided to accelerate our
entry to this market segment, using a 'buy versus build' decision, adding the
well-respected VegaStream products to our portfolio. I expect this transaction
will create value for Sangoma shareholders and customers alike." We plan to
continue our growth by both organic means and a few more strategically selected
acquisitions.


Alexis Argent, Sales Manager at VoIPon in the UK stated, "As a customer/partner
of both Sangoma and VegaStream, we believe that this acquisition will allow us
to meet even more of our customers' demands with a more comprehensive portfolio
from a much stronger partner in Sangoma. We look forward to being able to offer
enterprise customers and network operators their choice of either internal cards
or external gateways for their IP networking needs."


This is an all cash purchase and no new shares are being issued by Sangoma as
part of this transaction. The company paid GBP 0.9M (approximately $1.4M) in
cash, subject to some minor closing adjustments, for all of the key assets of
VegaStream which were partly purchased through an administration process in the
UK. In addition to the operating assets, Sangoma purchased the VegaStream share
of VSNPL, a JV in India. Sangoma expects the VegaStream assets to begin to
contribute to the company's earnings during the second half of fiscal 2012 once
it has integrated these operations and ramped up production, and be accretive
for fiscal 2013. 


About Sangoma Technologies Corporation 

Sangoma is a leading provider of hardware and software products that enable or
enhance IP Communications Systems for both telecom and datacom applications.
Enterprises, SMBs and Carriers in over 150 countries rely on Sangoma's
technology as part of their mission critical infrastructures. Through its
worldwide network of Distribution Partners, Sangoma delivers the industry's best
engineered, highest quality products, and offers the industry's first lifetime
warranty. The product line includes data and telecom boards for media and signal
processing as well as gateway appliances and software.


Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX
Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be
found at: www.sangoma.com.


Cautionary Statement Regarding Forward Looking Statements 

This press release contains forward-looking statements, including statements
regarding the future success of our business, development strategies and future
opportunities.


Forward-looking statements include, but are not limited to, statements
concerning estimates of expected expenditures, statements relating to expected
future production and cash flows, and other statements which are not historical
facts. When used in this document, the words such as "could", "plan",
"estimate", "expect", "intend", "may", "potential", "should" and similar
expressions indicate forward-looking statements.


Although Sangoma believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be
consistent with these forward-looking statements. Forward-looking statements are
based on the opinions and estimates of management at the date that the
statements are made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially
from those projected in forward-looking statements. Sangoma undertakes no
obligation to update forward-looking statements if circumstances or management's
estimates or opinions should change except as required by law.


Readers are cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the plans, intentions or expectations upon
which they are based will occur. By their nature, forward-looking statements
involve numerous assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the predictions,
forecasts, projections and other events contemplated by the forward-looking
statements will not occur. Although Sangoma believes that the expectations
represented by such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct as these expectations
are inherently subject to business, economic and competitive uncertainties and
contingencies. Some of the risks and other factors which could cause results to
differ materially from those expressed in the forward-looking statements
contained in the management's discussion and analysis include, but are not
limited to changes in exchange rate between the Canadian Dollar and other
currencies, changes in technology, changes in the business climate, changes in
the regulatory environment, the decline in the importance of the PSTN and new
competitive pressures. The forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.

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