Sangoma appoints Bill Wignall as new CEO

By: 
Staff

Sangoma Technologies Corporation, a  supplier of hardware and software enabling server-based voice and data communication applications, announced that it has appointed William J. Wignall, P.Eng., as new President and CEO, effective September 7, 2010.

Mr. Wignall will replace David Mandelstam, the current Chief Executive Officer who will remain on the Board as Chairman. Mr. Mandelstam is a founder of Sangoma Technologies and has been Chief Executive since 2001.

Mr. Wignall most recently held the role of President and CEO at Truition Inc., a developer and marketer of e-Commerce software. He previously had been President and CEO of Electronics Workbench, a supplier of design, development and simulation software for electronics engineering, where he guided the company through an aggressive growth and rebranding phase that culminated in the sale of the company to National Instruments. Bill has served in senior management roles throughout his career at companies ranging in size from startups to Northern Telecom, BNI and Telezone.

Under the terms of his employment agreement, Mr. Wignall will be granted options to acquire 1,651,654 common shares of Sangoma, representing 6% of the number of shares on a fully-diluted basis at the date hereof. Two-thirds of these options will be granted at a price determined at the time of the grant (which is expected to be within the current calendar quarter), and an equal amount of the remaining balance of the options will be priced at a 15% premium and a 25% premium to the primary grant of options. The options will vest over a five year period.

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 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).

Sangoma appoints Bill Wignall as new CEO

Sangoma Technologies Corporation, a  supplier of hardware and software enabling server-based voice and data communication applications, announced that it has appointed William J. Wignall, P.Eng., as new President and CEO, effective September 7, 2010. Mr. Wignall will replace David Mandelstam, the current Chief Executive Officer who will remain on the Board as Chairman. Mr. Mandelstam is a founder of Sangoma Technologies and has been Chief Executive since 2001.

Mr. Wignall most recently held the role of President and CEO at Truition Inc., a developer and marketer of e-Commerce software. He previously had been President and CEO of Electronics Workbench, a supplier of design, development and simulation software for electronics engineering, where he guided the company through an aggressive growth and rebranding phase that culminated in the sale of the company to National Instruments. Bill has served in senior management roles throughout his career at companies ranging in size from startups to Northern Telecom, BNI and Telezone.

Under the terms of his employment agreement, Mr. Wignall will be granted options to acquire 1,651,654 common shares of Sangoma, representing 6% of the number of shares on a fully-diluted basis at the date hereof. Two-thirds of these options will be granted at a price determined at the time of the grant (which is expected to be within the current calendar quarter), and an equal amount of the remaining balance of the options will be priced at a 15% premium and a 25% premium to the primary grant of options. The options will vest over a five year period.

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 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).

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