Ooma Expands to Asia Pacific Region in Support of The World’s Largest Provider of Hybrid Work Solutions, IWG plc

Rhea-AI Summary

Ooma expands into the Asia Pacific region to support IWG plc, the world's leading provider of hybrid work solutions. Ooma now serves IWG customers in 25 countries and offers custom-designed phone plans. Ooma's platform enables IWG to manage services more cost-effectively and develop new revenue streams.

Positive

• Ooma expands into the Asia Pacific region to support IWG plc, the world's leading provider of hybrid work solutions. This expansion can potentially lead to increased revenue for Ooma as they serve IWG customers in more countries and offer custom-designed phone plans.

Negative

• None.

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Ooma, Inc., a smart communications platform for businesses and consumers, today announced the company has expanded into the Asia Pacific region in support of its largest customer, IWG plc, and its industry leading brands including Regus and Spaces.

IWG (https://www.iwgplc.com/en-gb), also known as International Workplace Group, is the world’s leading provider of hybrid work solutions, with more than eight million customers worldwide and 3,500 locations in more than 120 countries.

Ooma has recently enabled phone and unified communications services for IWG customers in Australia, New Zealand and Hong Kong, as part of Ooma’s and IWG’s long term plan to establish cloud UCaaS services around the globe, and expects to add more countries in the region later in 2023. In total, Ooma now serves IWG customers in 25 countries across North America, Europe and Asia at brands including HQ, No 18, Regus, Signature and Spaces.

IWG partners with Ooma to offer two custom-designed phone plans to IWG customers (https://www.ooma.com/iwg/): Business Phone, which has metered calling and no monthly fee, and Business Phone Pro, which offers a full suite of advanced features at an additional monthly charge. Customers can access their phone lines through mobile and desktop apps, or by purchasing or renting desk phones.

IWG also powers its unique centralized call answering (CCA) solution using Ooma. CCA allows IWG customers to have their calls answered by remote agents and directed per the customer’s instructions, just as if the business had its own personal assistant answering calls directly. Ooma enables IWG agents to know who is calling and how to direct the calls, along with advanced call queuing, distribution, management, a custom agent interface, and analytics to ensure an optimal customer experience.

Together, Ooma and IWG have developed tools and processes to onboard and manage a high volume of customers. Ooma APIs integrate with IWG systems for smooth and cost-effective customer enablement and support. The flexibility of Ooma’s platform has made it possible for IWG to satisfy differing needs around the world, manage its services more cost-effectively, and develop new revenue streams.

“IWG partnered with Ooma to smoothly migrate customers to our new phone plans, which were carefully tailored to our required specifications,” said Andre Sharpe, managing director of IWG Technologies in Zug, Switzerland. “Ooma’s support for our call answering center has further increased the efficiency and flexibility of this important customer service function.”

“We’ve been working with IWG since 2019 and in that time we’ve tapped every aspect of Ooma Business – small business phone service, enterprise unified communications, connectivity, and the customizability of our platform – to develop bespoke solutions for them,” said Eric Stang, chief executive officer of Ooma. “We stand ready to deliver the same level of customization and scalability to all our customers in need of innovative communications services.”

About Ooma

Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features including messaging, intelligent virtual attendants, and videoconferencing to help them run more efficiently. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Learn more at www.ooma.com or www.ooma.ca in Canada.

Forward-Looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include, without limitation, statements related to the services offered by Ooma to IWG, the relationship between Ooma and IWG and the anticipated global reach of such relationship and the timing thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Ooma’s filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed on April 7, 2023, and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they are made. Ooma undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231017154165/en/

MEDIA CONTACT:

Mike Langberg at Ooma

press@ooma.com

650-566-6693

INVESTOR CONTACT:

Matt Robison at Ooma

ir@ooma.com

650-300-1480

Source: Ooma, Inc.

FAQ

What is the reason behind Ooma's expansion into the Asia Pacific region?

Ooma has expanded into the Asia Pacific region to support IWG plc, their largest customer and the world's leading provider of hybrid work solutions.

How many countries does Ooma now serve IWG customers in?

Ooma now serves IWG customers in 25 countries across North America, Europe, and Asia.

What phone plans does Ooma offer to IWG customers?

Ooma offers two custom-designed phone plans to IWG customers: Business Phone, which has metered calling and no monthly fee, and Business Phone Pro, which offers advanced features at an additional monthly charge.

What benefits does Ooma's platform provide to IWG?

Ooma's platform enables IWG to manage services more cost-effectively, develop new revenue streams, and utilize their unique centralized call answering solution.

How long has Ooma been working with IWG?

Ooma has been working with IWG since 2019.