MARKHAM, Ontario - Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG), a provider of cloud-based communication solutions, announced today the appointment of Monica Walton as Chief Revenue Officer. Walton, with over 25 years of experience in sales and channel management, will be responsible for leading the company's market initiatives.
Monica Walton's career includes key positions at Evoque and Lumen Technologies, where she developed and executed go-to-market strategies. Her expertise in the SMB market is expected to align with Sangoma's growth strategy and enhance its leadership team.
Walton has been acknowledged for her contributions to the industry, receiving recognition on Channel Futures' DE&I 101 List in 2023 and CRN's Women of the Channel list in 2024.
Charles Salameh, CEO of Sangoma, expressed confidence in Walton's ability to execute strategies that will penetrate and serve the SMB market effectively. Walton herself is excited to establish a partner program that leverages Sangoma's product suite and partner network.
Sangoma provides managed cloud-based communication services to businesses globally, aiming to simplify and enhance business communications. The company offers a range of cloud-native solutions designed to streamline processes and increase operational efficiency for SMBs.
The information in this article is based on a press release statement from Sangoma Technologies Corporation.
InvestingPro Insights
Sangoma Technologies Corporation (Nasdaq: SANG) has recently been in the spotlight with the appointment of Monica Walton as Chief Revenue Officer. This strategic move aligns with the company's growth trajectory, which is reflected in some of the latest metrics and InvestingPro Tips.
With a market capitalization of 164.48 million USD, Sangoma is a key player in the cloud-based communication solutions sector. Despite not being profitable over the last twelve months, Sangoma's valuation implies a strong free cash flow yield, suggesting potential for future profitability.
InvestingPro Tips indicate a significant return over the past week with a 19.23% price total return, and a robust performance over the last three months, with a 36.88% return. Analysts predict that the company will transition to profitability this year, which could be a pivotal point for investors considering the stock's recent price uptick over the last six months, showing a 102.69% return.
These factors combine to paint a picture of a company that, while currently trading at a high EBITDA valuation multiple, has strong growth potential and may offer an attractive opportunity for investors seeking exposure to the SMB market that Walton is set to target.
InvestingPro also notes that Sangoma does not pay a dividend to shareholders, which could be an important consideration for those looking for income-generating investments. However, for growth-oriented investors, the company's high shareholder yield and the expectation of profitability could outweigh this factor.
For those interested in deeper analysis, InvestingPro offers additional insights; there are 11 InvestingPro Tips available for Sangoma, which can be accessed at https://www.investing.com/pro/SANG. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and unlock a wealth of data and expert analysis to inform your investment decisions.
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