Key Developments: Vonage Holdings Corp (VG.N)

VG.N on New York Stock Exchange

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29 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Vonage Holdings Corp Announces Joint Venture With Datora Telecom
Wednesday, 13 Feb 2013 07:45am EST 

Vonage Holdings Corp announced that it has entered into an agreement to form a joint venture with Brazilian-based Datora Telecom to deliver communications services in Brazil.  Full Article

Vonage Holdings Corp Announces Departure Of Barry Rowan, Chief Financial Officer
Monday, 10 Dec 2012 04:15pm EST 

Vonage Holdings Corp announced that Barry Rowan, Executive Vice President, Chief Financial Officer and Chief Administrative Officer, has decided to leave the Company to pursue another opportunity. Mr. Rowan will step down from his positions effective upon the Company's filing of its 2012 Form 10-K in February 2013, and will assist in ensuring a smooth transition of his responsibilities. The search for a new Chief Financial Officer is underway.  Full Article

Vonage Holdings Corp Secures Three New Patents From U.S. Patent And Trademark Office
Tuesday, 27 Nov 2012 07:00am EST 

Vonage Holdings Corp announced the grant of three new patents. On November 6, 2012, Vonage was issued U.S. Pat. No. 8,306,202, Method and System for Customized Caller Identification. The patented invention allows a user of a telephony system to set up customized caller ID and call routing instructions for different contacts. These different instructions may be set up for both inbound and outbound calls. On November 6, 2012, Vonage was issued U.S. Pat. No. 8,305,933, Method and Apparatus for Detecting Devices on a Local Area Network. The patented invention allows a host computer to communicate with any VoIP device on the network, facilitating discovery and installation of the device regardless of the device's location, for example, behind a router. Finally, on November 27, 2012, Vonage was issued U.S. Pat. No. 8,320,543, System for Effecting a Telephone Call Over a Computer Network Without Alphanumeric Keypad Operation. The patented invention provides a method for enabling users of a VoIP telephony system to place calls using a web browser or other Internet-capable software instead of an alphanumeric keypad on a conventional phone.  Full Article

Vonage Holdings Corp Reaffirms 2012 Quarterly EBITDA Guidance; Narrows FY 2012 EBITDA Guidance To A Range In Line With Analysts' Estimates
Wednesday, 31 Oct 2012 08:00am EDT 

Vonage Holdings Corp. announced that consistent with its prior guidance for fiscal 2012, the Company expects to achieve adjusted EBITDA of $30-$35 million per quarter, or $130-$135 million for fiscal 2012, reflecting the ongoing investment of $5-$10 million per quarter in strategic growth initiatives. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $32 million for fourth quarter of 2012; and EBITDA of $130 million for fiscal 2012.  Full Article

Vonage Holdings Corp Secures Patent For Extensions
Thursday, 13 Sep 2012 08:00am EDT 

Vonage Holdings Corp announced the grant of U.S. Pat. No. 8,265,083 entitled Systems and methods of providing communications services.  Full Article

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