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SONIFI, a Leading Provider of Hotel Technology, Selects Ooma for Phone and Communications Services

1. Ooma partners with SONIFI to integrate voice services in hotels. 2. SONIFI expands offerings to over a million hotel rooms globally.

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Why Bullish?

The partnership with SONIFI could enhance Ooma's market presence and revenues in the hospitality sector, similar to past partnerships that boosted other tech companies. Historical trends show that strategic partnerships often lead to price appreciation.

How important is it?

The partnership with a significant player like SONIFI indicates growth, likely attracting investor interest and boosting OOMA's stock stability.

Why Short Term?

Initial market reactions to partnership announcements typically manifest quickly, evidenced by similar past occurrences in tech collaborations.

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SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., a provider of advanced communications services for businesses and consumers, today announced that SONIFI, a leading provider of hotel technology, has selected Ooma phone and communications services to offer to SONIFI customers. SONIFI delivers Wi-Fi®, in-room entertainment and related services to more than a million rooms across 5,000 hotel properties around the world. For the first time, SONIFI is expanding into voice communications with offering.

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