trending Market Intelligence /marketintelligence/en/news-insights/trending/RWW160ArUSWEsj27RQzPZw2 content esgSubNav
In This List

B. Riley Principal Investments unit to sell Broadsmart Global for $7.4M

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


B. Riley Principal Investments unit to sell Broadsmart Global for $7.4M

A subsidiary of B. Riley Principal Investments LLC on May 15 agreed to sell Broadsmart Global Inc. to smart communications platform Ooma Inc. for $7.4 million in cash.

The transaction is expected to close by the end of May. Broadsmart Global, which provides services such as audio and web conferencing and web collaboration, was previously a subsidiary of magicJack VocalTec Ltd., which B. Riley acquired in November 2018.

B. Riley FBR Inc. was B. Riley Principal Investments' financial adviser on the deal.