BRC Group Buys Sangoma and Gets Asterisk Thrown In

Through our Telegram group and our colleague Angel Elena Medina, we learned that BRC Group Holdings (NASDAQ:RILY) has just acquired Sangoma (owner of the whole Asterisk + FreePBX + etc. free software ecosystem) for the not insignificant sum of 204 million dollars.

It was in 2018 when Sangoma acquired Digium for 28 million dollars, and since then Asterisk has continued its development as best it could, with a community that has kept striving to improve one of the most widely used pieces of software in the world of communications.

BRC Group’s acquisition is made with the sole purpose of investing, not of joining forces with other large telecommunications companies.

BRC Group Holdings is the former B. Riley Financial, a US holding company headquartered in Los Angeles that trades on Nasdaq as RILY. On January 1, 2026 it changed its name from B. Riley Financial, Inc. to BRC Group Holdings, Inc. It was founded by Bryant Riley and Tom Kelleher in 1997, and its original businesses are investment banking, brokerage and wealth management. Over the years it has bought companies in very different sectors, and among them it has a telecommunications portfolio. For example, Lingo, one of its subsidiaries, bought BullsEye Telecom, and had previously bought United Online.

Given the type of buyer, what is foreseeable is a management style very focused on extracting cash from mature assets rather than investing in the product. Analysts see it as a continuation of BRC’s strategy of buying mature communications businesses that generate cash in order to build recurring revenue. If you work with FreePBX or Sangoma hardware, it is worth following closely how commercial licenses and support evolve, but it is clear that investing money in Asterisk will not be among their goals, although time will tell.

More information: https://es.investing.com/news/company-news/brc-adquirira-sangoma-por-un-valor-empresarial-de-204-millones-de-dolares-93CH-3852457