Key Developments: Vonage Holdings Corp (VG.N)

VG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vonage Holdings Corp granted four new patents
Thursday, 10 Apr 2014 08:55am EDT 

Vonage Holdings Corp:Granted first four patents in 2014 by US Patent and Trademark Office.Patents demonstrate company's continued dedication to innovation.  Full Article

Vonage Holdings Corp's CEO will retire
Monday, 7 Apr 2014 08:45am EDT 

Vonage Holdings Corp:Says chief executive officer Marc Lefar has shared his intention to retire from upon completion of a process to select a successor.Lefar will serve as CEO through an orderly leadership transition, which is expected to conclude by year-end.  Full Article

Vonage Holdings Corp issues FY 2014 revenue guidance in line with analysts' estimates
Wednesday, 12 Feb 2014 08:00am EST 

Vonage Holdings Corp:Expects FY 2014 revenues to increase in the range of 1 pct to 2 pct, assuming Vonage had owned Vocalocity for all of 2013.On a reported basis, the company expects total revenue in FY 2014 to increase in the range of 7 pct 9 pct.Says it reported revenue of $829 mln in FY 2013.FY 2014 revenue of $888 mln - Thomson Reuters I/B/E/S.  Full Article

Vonage Holdings Corp secures three new patents
Tuesday, 10 Dec 2013 08:30am EST 

Vonage Holdings Corp:Says was granted three new patents in December by the United States Patent and Trademark Office.Says U.S. Pat. No. 8,600,364, Systems and Methods for Terminating Telephony Communications to Mobile Telephony Devices, issued Dec. 3.Says U .S. Pat. No. 8,605,682, Systems and Methods for Handoff of a Mobile Telephone Call in a VoIP Environment, issued Dec. 10.Says U.S. Pat. No. 8,606,246, Systems and Methods for Providing Telephony Services, also issued Dec. 10.  Full Article

Vonage Holdings Corp Secures Another Three Patents
Tuesday, 19 Nov 2013 08:30am EST 

Vonage Holdings Corp announced that it was granted three new patents in November by the United States Patent and Trademark Office. U.S. Pat. No. 8,588,387, Method and Apparatus for Providing an Identifier for a Caller ID Function in a Telecommunications System, issued on November 19, 2013, relates to a service that allows a customer to identify that an incoming call is from an existing contact, even when that contact is dialing from a number that is unknown to the customer. The 387 patent is Vonage's fifth related to virtual numbers, a technology that enables customers to make long-distance calls by dialing a local number, allowing them to save money. U.S. Pat. No. 8,588,389, System for Effecting a Telephone Call Over a Computer Network Without Alphanumeric Keypad Operation, also issued on November 19, 2013, relates to a click-to-call feature for connecting a call that is requested through something other than a phone's keypad, for example, a web interface. The 389 patent builds on Vonage's earlier patent, U.S. Pat. No. 8,320,543, which broadly covers the click-to-call feature and focuses on the customer billing aspects of the invention. U.S. Pat. No. 8,582,740, Method for Automated Management of a Telecommunication Service, issued on November 12, 2013, relates to a telecommunications device that automatically knows when to enable a customer's service.  Full Article

Vonage Holdings Corp Completes Acquisition of Vocalocity, Inc
Monday, 18 Nov 2013 08:15am EST 

Vonage Holdings Corp announced that it has completed the acquisition of Vocalocity, Inc., an SaaS-based communications provider to Small and Medium Businesses (SMBs). The company will market to SMBs under the newly-created Vonage Business Solutions brand. On October 10, 2013, Vonage announced it had entered into a definitive agreement to acquire Vocalocity for $130 million, including $105 million in cash, and approximately 8 million shares of Vonage common stock (which shares have an aggregate value of $25 million priced as of the day of announcement). Vonage financed the transaction through $30 million of cash from its balance sheet and $75 million from its credit facility.  Full Article

Vonage Holdings Corp Issues Q4 2013 EBITDA Guidance; Revenue Guidance Below Analysts' Estimates-Conference Call
Wednesday, 6 Nov 2013 10:00am EST 

Vonage Holdings Corp announced that for fourth quarter of 2013, excluding Vocalosity, it expects revenue and churn to be stable and adjusted EBITDA to be modestly higher compared to the third quarter of 2013. The Company reported revenue of $204 million and EBITDA of $23 million in third quarter of 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $220 million and EBITDA of $31 million for fourth quarter of 2013.  Full Article

Vonage Holdings Corp To Acquire Vocalocity, Inc.
Thursday, 10 Oct 2013 06:00am EDT 

Vonage Holdings Corp announced that it has entered into a definitive agreement to acquire privately-held Vocalocity, Inc. (Vocalocity). Vonage will acquire Vocalocity for $130 million, including $105 million in cash and $25 million in Vonage common stock. The transaction is expected to be accretive to adjusted Earnings Per Share (EPS)1 and on an EBITDA1 multiple basis in 2015.  Full Article

Vonage Holdings Corp Appoints David Pearson Chief Financial Officer
Friday, 26 Apr 2013 08:00am EDT 

Vonage Holdings Corp announced the appointment of David T. Pearson as Chief Financial Officer and Treasurer, effective May 1, 2013.  Full Article

Vonage Holdings Corp Secures Four New Patents From U.S. Patent And Trademark Office
Tuesday, 19 Feb 2013 08:00am EST 

Vonage Holdings Corp announced that it has been granted four new patents by the United States Patent and Trademark Office. These patents relate to call rating and routing, conference calling, mobile wireless and calling card technologies.  Full Article

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