Ooma, Inc. Announces Pricing of Secondary Offering by Certain Stockholders

PALO ALTO, Calif., March 10, 2017

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-runners for the Offering. Wunderlich Securities, LLC is acting as co-manager for the Offering.

The Offering is made pursuant to an effective shelf registration statement filed by the Company with the U.S. Securities and Exchange Commission (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 www.sec.gov.  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 newyork.prospectus@credit-suisse.com; or JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco, CA 94111, by calling (415) 835-8985, or by email at syndicate@jmpsecurities.com.

This press release shall neither constitute an offer to sell nor a solicitation of an offer to buy.  In addition, there shall not be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities being offered have neither been approved or disapproved by any regulatory authority, nor has any regulatory authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the prospectus supplement.

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.