09:50 AM EDT, 08/05/2025 (MT Newswires) -- Sangoma Technologies ( SANG ) on Tuesday said it completed the sale of its VoIP Supply unit.

Shares of the company were last seen down 4% at $7.51 on the Toronto Stock Exchange.

The company said proceeds from the sale will be used to reinvest in organic growth initiatives that support its "evolving enterprise architecture, go-to-market strategy, and service-based transformation." It said this sale concludes its involvement in the VoIP hardware distribution segment.

"This divestiture enables Sangoma to direct greater energy and investment into areas where we see significant opportunities for innovation, scalability, and growth," said Sangoma Chief Executive Charles Salameh.

Price: 7.51, Change: -0.32, Percent Change: -4.09