A Brief History of Ooma, Inc. (OOMA)

Ooma, Inc. is a telecommunications company that offers voice over IP (VoIP) services for both residential and business customers. The company was founded in 2004 by Andrew Frame, who served as the CEO until 2008.

In 2007, Ooma launched its first product, the Ooma Telo, which allowed users to make free domestic calls using their existing internet connection. This innovative approach to home phone service quickly gained popularity, attracting both consumers and investors.

One of the key moments in Ooma's history was its initial public offering (IPO) in 2015, when the company went public on the New York Stock Exchange under the ticker symbol "OOMA." This move helped Ooma raise capital to further expand its product offerings and reach new markets.

Over the years, Ooma has continued to innovate and expand its product line, adding features such as virtual receptionists, conference calling, and cloud-based phone systems for businesses. The company has also made strategic acquisitions to enhance its technology and strengthen its position in the competitive telecommunications industry.

• 2004: Ooma, Inc. is founded by Andrew Frame.
• 2007: Ooma launches its first product, the Ooma Telo.
• 2015: Ooma goes public with an IPO on the New York Stock Exchange.

Who Owns Ooma, Inc. (OOMA)

Ooma, Inc. (OOMA) is a publicly traded company, which means that ownership is divided among shareholders who purchase stock in the company. As of the latest available information, the largest shareholders of Ooma, Inc. are institutional investors.

• Vanguard Group Inc. is the largest institutional investor in Ooma, Inc., owning approximately 1.1 million shares of the company.
• BlackRock Inc. is another major institutional investor in Ooma, Inc., holding around 962,000 shares.
• Renaissance Technologies LLC also has a significant stake in Ooma, Inc., with ownership of about 842,000 shares.

While these institutional investors own a significant portion of Ooma, Inc., there are also individual shareholders who own smaller amounts of the company's stock. It is important to note that ownership of a publicly traded company like Ooma, Inc. can change frequently as investors buy and sell shares on the stock market.

Ooma, Inc. (OOMA) Mission Statement

Ooma, Inc. is a telecommunications company that is committed to providing innovative and affordable communication solutions to individuals and businesses. Our mission is to revolutionize the way people communicate by offering high-quality, reliable, and cost-effective products and services.

At Ooma, we believe that everyone deserves access to cutting-edge communication technologies that can enhance their lives and empower their businesses. Our goal is to deliver superior voice quality and reliable connectivity to our customers, ensuring that they can stay connected no matter where they are.

To achieve our mission, we are constantly innovating and improving our products and services. We prioritize customer satisfaction and user experience, and we are dedicated to meeting the evolving needs of our customers in a rapidly changing world.

• Provide innovative and affordable communication solutions.
• Revolutionize the way people communicate.
• Deliver high-quality, reliable, and cost-effective products and services.
• Empower individuals and businesses with cutting-edge technologies.
• Ensure superior voice quality and reliable connectivity for all customers.
• Prioritize customer satisfaction and user experience.
• Constantly innovate and improve our products and services.
• Meet the evolving needs of our customers in a rapidly changing world.

How Ooma, Inc. (OOMA) Works

Ooma, Inc. is a telecommunications company that offers Voice over Internet Protocol (VoIP) services to both residential and business customers. The company is known for its innovative products and services that aim to provide high-quality, reliable communication solutions at affordable prices.

Ooma's residential services are designed to replace traditional landline phone services. Customers can make calls using their existing home phones and internet connection. Ooma offers a variety of plans, including a free basic service with just the cost of taxes and fees, as well as premium plans with additional features like unlimited calling and advanced call blocking.

For businesses, Ooma provides a range of VoIP solutions to help streamline communication and reduce costs. This includes a virtual receptionist, conference calling, and mobile phone integration. Ooma's business services are scalable and can accommodate the needs of both small businesses and large enterprises.

• Ooma Telo: Ooma's flagship product for residential customers, the Telo is a device that connects to the internet and allows users to make calls using their existing phone.
• Ooma Office: A VoIP solution for businesses that includes a virtual receptionist, extension dialing, conference calling, and call forwarding.
• Ooma Mobile: An app that allows users to make calls using their Ooma number from their smartphone, perfect for business professionals on the go.

Ooma's technology is built on a cloud-based platform that ensures high call quality and reliability. The company also prioritizes customer service, offering 24/7 support to assist with any technical issues or questions that may arise.

How Ooma, Inc. (OOMA) Makes Money

1. Hardware Sales: Ooma, Inc. generates revenue through the sale of their hardware products, which include Ooma Telo, Ooma Telo Air, and Ooma Office. These devices are essential for customers to utilize Ooma's services, such as VoIP calling and home security.

2. Subscription Services: Ooma offers subscription-based services to customers, such as Ooma Premier and Ooma Office Pro. These services provide additional features and functionalities, such as virtual receptionists and advanced call blocking, for an added fee.

3. International Calling: Ooma makes money from international calling fees charged to customers who make calls to countries outside of their service plans. These fees can vary depending on the destination country and the customer's subscription package.

4. Licensing and Partnerships: Ooma has partnerships with other companies to provide integrated solutions and licensing agreements. These partnerships generate revenue through royalties and other fees associated with the use of Ooma's technology.

5. Accessories and Add-ons: In addition to their core products and services, Ooma sells accessories and add-ons that enhance the user experience, such as wireless adapters and Bluetooth adapters. These items provide customers with additional features and functionalities for a premium.