# Digium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digium

- Industry: Telecoms
- Headquarters: Huntsville, US
- Website: www.digium.com
- Total disclosed funding: $13M
- Latest round: Series A (Aug 9, 2006)
- Investors on record: 1

## About

Digium, Inc. specializes in business communication solutions, providing an array of services that enhance collaboration and connectivity for organizations globally.Founded in 1999 in Huntsville, US, Digium, Inc. focuses on developing telecommunications solutions. The company was acquired by Sangoma Technologies Corporation in August 2018 for USD 28 mn, which included USD 24.3 mn in cash and approximately USD 3.7 mn in common shares. Digium has a history of three significant deals.Digium offers a comprehensive suite of business communications solutions aimed at improving collaboration across various sectors. Their core offerings include a unified communications platform that integrates voice, video, and networking capabilities, available through cloud, hybrid, and on-premises configurations. Services include Contact Center as a Service (CCaaS), video conferencing, team collaboration tools, and SIP trunking services, catering primarily to small to medium-sized enterprises in North America, with an expanding presence in international markets. Over 100,000 customers utilize these tailored solutions to enhance operational efficiency and customer satisfaction in their communications.The revenue model for Digium is grounded in subscription services and the sale of integrated communication platforms, combining hardware and software. Their offerings are marketed through both direct consumer and B2B channels, enabling clients to engage in recurring subscription agreements that grant access to cloud services, along with opportunities for one-time purchases of on-premises hardware. Pricing plans are designed to accommodate varying business sizes, ensuring flexibility and scalability in service delivery.Following the acquisition by Sangoma Technologies Corporation, Digium plans to leverage recent funding to further enhance its product lineup and expand into new geographic markets. Although specific upcoming products have yet to be detailed, the company aims to strengthen its offerings in North America and grow its presence in additional international markets. The USD 28 mn investment from Sangoma will support these initiatives, focusing on product development and market expansion opportunities.

## Funding rounds

- Series A, Aug 9, 2006, $13M — Matrix Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A