Vonage

Vonage Holdings Corp.
Vonage
Company typeSubsidiary
Nasdaq: VG
IndustryCloud Communications services
Founded1998 (1998) (as Min-X)
2001 (2001) (as Vonage) Edison, New Jersey, U.S.
Founders
Headquarters,
U.S.
Area served
Worldwide
Key people
  • Niklas Heuveldop (CEO)[1]
  • Stephen Lasher (CFO)
  • Savinay Berry (EVP, Product & Engineering)
ProductsUnified Communications, Contact Center, Communications APIs, Home VoIP Phone Service Provider
ServicesBusiness Cloud Communications Services
RevenueIncrease US$1.41 billion (2021)
Increase US$7.4 million (2021)
Increase US$−24 million (2021)
Total assetsDecrease US$1.39 billion (2021)
Total equityIncrease US$618 million (2021)
Members1.1 million subscribers (2019)
Number of employees
2,082 (December 31, 2021)
ParentEricsson
Websitevonage.com
Footnotes / references
[2]

Vonage Holdings Corp. (/ˈvɒnɪ/, or simply Vonage) is an American cloud communications provider operating as a subsidiary of Ericsson. Headquartered in Holmdel Township, New Jersey, the organization was founded in 1998 as Min-X as a provider of residential telecommunications services based on voice over Internet Protocol (VoIP). In 2001, the organization changed its name to Vonage.[3]

As of 2020, Vonage reported consolidated revenues of $1.25 billion.[4] Through a series of acquisitions beginning in 2013,[5] Vonage, previously a consumer-focused service provider, has expanded its presence in the business-to-business marketplace, while still keeping its home VOIP service.[6][7][8] Vonage's offering includes unified communications, contact center applications and communications APIs.[9][10] In July 2022, Ericsson completed its acquisition of Vonage for $6.2 billion.[11][12]

  1. ^ (Press release) https://www.ericsson.com/en/press-releases/2024/1/ericsson-announces-leadership-changes-to-the-executive-team. {{cite press release}}: Missing or empty |title= (help)
  2. ^ "Vonage Holdings Corp. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 24 February 2022.
  3. ^ "FORM S-1". Retrieved 2023-12-16.
  4. ^ "Vonage Holdings Corp (VG) Q4 2020 Earnings Call Transcript" fool.com
  5. ^ Hettick, Larry (2013-12-03). "Vonage Acquires Vocalocity". Network World. Retrieved 2020-08-25.
  6. ^ Burton, Jim (December 18, 2015). "Clark Peterson of Vonage Business on UCaaS". Unified Communications Strategies. Archived from the original on July 2, 2017. Retrieved May 24, 2016.
  7. ^ Galbraith, Craig (November 4, 2015). "Business Services, Acquisitions Drive Vonage Revenue Up". Channel Partners.
  8. ^ Kenwell, Bret (November 7, 2014). "New Vonage CEO Intends to Grow Corporate Biz, Launch New Products". The Street.
  9. ^ "Dell Technologies Vet Named Vonage's New Chief Executive Officer". Forbes. 8 June 2020. Retrieved 2020-08-01.
  10. ^ "Domino's Pizza Leverages Unified Communications and Voice Capabilities". RIS News. 20 July 2020. Retrieved 2020-08-01.
  11. ^ Cite error: The named reference ericsson was invoked but never defined (see the help page).
  12. ^ Chopping, Dominic (22 November 2021). "Ericsson to Buy Vonage for $6.2 Billion, Bulking Up Cloud Presence". Wall Street Journal. Retrieved 22 November 2021.

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