Sangoma Ranked Among Fastest Growing Technology Companies in Canada in Deloitte Technology Fast 50(TM)

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Mon Oct 5, 2009 8:02am EDT

  TORONTO, ONTARIO, Oct 05 (MARKET WIRE) -- 
Sangoma(R) Technologies Corporation (TSX VENTURE: STC), a leading
supplier of hardware and software enabling server-based voice and data
communication applications, announced today that the company has ranked
40th among the Deloitte Technology Fast 50(TM)(http://en.fast50.ca/), a
ranking of the 50 fastest growing technology companies in Canada.
Sangoma's revenue growth over five years, from 2004 to 2008, was 383
percent.

    For more than 12 years, the Deloitte Technology Fast 50(TM) program has
tracked the successful growth of Canadian-grown global leaders. Now
Canada's pre-eminent technology award program, the Deloitte Technology
Fast 50(TM) augments the broader Deloitte North American Technology Fast
500 initiative, with winners automatically eligible for this elite
ranking.

    "Canadian technology companies have demonstrated some very impressive
growth numbers over the past year, amid the challenges of a global
recession," said John Ruffolo, National Leader, Technology, Media &
Telecommunications Industry Group, Deloitte. "Sangoma is an excellent
example of the determination, drive and skill that will serve to position
them for further growth and success as the economic recovery takes hold."

    "By listening to our customers and continuing to focus on innovation,
Sangoma has been able to achieve significant growth over the past five
years, despite difficult economic conditions," said David Mandelstam, CEO
of Sangoma. "Being ranked on the Deloitte Technology Fast 50 is an honor
and one that we achieved through our highly differentiated connectivity
solutions and a global network of partners and customers."

    To qualify for the Deloitte Technology Fast 50(TM) ranking, companies
must have been in business for at least five years, have revenues of at
least $5 million, be headquartered in Canada, own proprietary technology
and conduct research and development activities in Canada. A panel of
subject matter experts evaluates and judges companies based on four key
criteria: competitive advantage; size, growth, and market attractiveness;
management effectiveness and organization; and financial performance.

    About the Deloitte Technology Fast 50(TM)

    The Deloitte Technology Fast 50(TM) program is Canada's pre-eminent
technology awards program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories including
the Technology Fast 50(TM) Ranking, Companies-to-Watch Awards
(early-stage Canadian tech companies in business less than five years,
with the potential to be a future Deloitte Technology Fast 50(TM)
candidate), Leadership Awards (companies that demonstrate technological
leadership in four industry subcategories: hardware/semiconductor,
software, telecommunications and emerging technologies) and the Deloitte
Technology Green 15(TM) Awards (Canada's leading GreenTech companies that
promote a more efficient use and re-use of the earth's resources in
industrial production and consumption). Program sponsors include
Deloitte, Gowlings, GrowthWorks, RBC Capital Markets, Wellington
Financial, Stonewood Group, HKMB Hub, CATAAlliance, IGLOO, ITAC, MaRS and
Microsoft. For further information, visit www.fast50.ca.

    About Sangoma Technologies Corporation

    Sangoma is the premium provider of voice and data connectivity components
for software-based communication applications. Sangoma's data cards,
voice cards, gateways and connectivity software are used in leading PBX,
IVR, contact center and data-communication applications worldwide. The
product line represents a comprehensive toolset for deploying
cost-effective, powerful, and flexible software communication
applications.

    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.


 
 The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
release.

Contacts:
Sangoma Technologies Corporation
Serge Forest
VP of Marketing
(514) 288-7111
serge.forest@sangoma.com
www.sangoma.com

Copyright 2009, Market Wire, All rights reserved.

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