Sangoma Wins Frost & Sullivan Award

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Sangoma Wins Frost & Sullivan Award

SangomaI'm a huge fan of Sangoma and their popular line of Asterisk-compatible analog and T1/E1 boards. They just plain work with no install hassles or IRQ issues. So it came as no surprise that Frost & Sullivan recently selected Sangoma as the recipient of the 2007 North American Frost & Sullivan Growth Excellence Award in the enterprise voice communication market.

According to the release, "Sangoma has amply demonstrated an ability to leverage unique opportunities such as open-source telephony in a mature, yet rapidly evolving market and translate it to accelerated revenue growth."

What amazed me is the continuing phenomenal growth spurt for Sangoma. In Q2 2007, Sangoma declared an amazing increase of 95 percent in revenue over Q2 2006. It then had a 68 percent growth in Q3 2007 over Q3 2006. In most quarters, sales to the open-source telephony market accounted for most of the growth. The company reported almost 40 percent growth from 2005 to 2006 accelerating to 72 percent growth in 2007. Rich Tehrani, SmithOnVoIP, and I have highlighted Sangoma's stock performance in the past.

Perhaps part of the reason is that Sangoma makes their boards work with multiple open source solutions? Though I'm sure Asterisk-based solutions are the biggest slice of the pie. Frost & Sullivan Industry Analyst Krithi Rao said, "Sangoma's level of commitment in catering to the open-source telephony market is unique compared to other incumbent hardware vendors that only occasionally address the needs of this market. Rao added, "While many of its hardware counterparts focus on specific open-source telephony projects, Sangoma's products can work with multiple open-source telephony initiatives including Asterisk, FreeSWITCH, CallWeaver, and Yate."

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