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Ooma, Inc. Announces Secondary Offering by Certain Stockholders

March 09, 2017

PALO ALTO, Calif., March 9, 2017 /PRNewswire/ -- Ooma, Inc. (NYSE: OOMA) (the "Company"), a smart communications platform for small businesses and consumers, today announced that certain of its stockholders (the "Selling Stockholders"), consisting of entities affiliated with Worldview Technology Partners, intend to offer 2,861,290 shares of the Company's common stock for sale in an underwritten secondary offering (the "Offering") pursuant to the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC").  The underwriters have a 30-day option to purchase up to an additional 429,193 shares of the Company's common stock from the Selling Stockholders.  The Offering is expected to close on March 15, 2017, subject to customary closing conditions.

The Company will not receive any proceeds from the sale of the shares by the Selling Stockholders. 

Credit Suisse Securities (USA) LLC and JMP Securities LLC are acting as joint book-running managers for the Offering.

The Offering is made pursuant to an effective shelf registration statement filed by the Company with the SEC on December 16, 2016 and declared effective on December 27, 2016.  Before you invest, you should read the prospectus, the registration statement and the documents incorporated by reference in that registration statement, as well as the prospectus supplement relating to this Offering.  You may obtain these documents for free by visiting EDGAR on the SEC's website at  Alternatively, copies of the prospectus supplement and the accompanying prospectus relating to this Offering may be obtained from: Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, by calling (800) 221-1037, or by email at; or JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco, CA 94111, by calling (415) 835-8985, or by email at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Ooma, Inc.

Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, which offers cloud-based telephony, internet security, home monitoring and other connected services. Ooma combines PureVoice HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling. The company has been ranked the No. 1 home phone service for overall satisfaction and value for five consecutive years by the leading consumer research publication. Ooma is also partnering with connected device makers to create smarter offices and homes. Ooma is available from leading retailers including Amazon, Best Buy, Costco and Walmart.

Ooma, Ooma Telo, Ooma Office, PureVoice and the Ooma logo are trademarks of Ooma, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "anticipates," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters.

Any such forward looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although we believe any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those anticipated in any forward-looking statements. Please refer to the risk factors discussed in our preliminary prospectus supplement for the Offering, our Form 10-K for the year ended January 31, 2016 filed with the SEC on April 13, 2016 and our Form 10-Q for the quarter ended October 31, 2016 filed with the SEC on December 9, 2016 and other SEC filings, which can be found at the SEC's website The discussion of these risks is specifically incorporated by reference into this news release. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.


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SOURCE Ooma, Inc.

Media Contacts: Brian Jaquet / Ooma,, (650) 300-2125 or Vanessa Piccinini / Access Emanate Communications,, (415) 844- -6252

1Purchase of Ooma Telo required, beginning at suggested retail price of $129.99. Ooma's free home phone service does not include high-speed Internet or broadband service. Free home calling offered in the United States only. Federal universal service charges, FCC regulatory fee, state and local taxes, fees & surcharges and regulatory and compliance fees are billed monthly and are subject to change. To determine the specific charges in your area, go to Transfer of your existing phone number, where available, requires a one-time processing fee. Ooma Premier. and other enhanced features carry a monthly service fee and may require additional peripheral devices sold separately.

Unlimited U.S. calls are subject to normal residential usage limitations. See for current usage limitations. International calls are billed per minute and must be prepaid. Directory assistance (411) calls are billed per call. See Ooma E911 service operates differently from non-Internet 911 service. See for details. Some alarms, faxes and other devices may not be compatible. Additional terms apply, see

Any questions? Call us (free, of course). Call 866.452.6662. Monday-Friday 5am-5pm PST, Saturday-Sunday 8am-5pm PST.

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