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 Vonage Holdings Corp. Reports Third Quarter 2013 Results

Vonage Press Releases

Vonage Holdings Corp. Reports Third Quarter 2013 Results

-- Vocalocity Acquisition Expected to Close in November 2013 --
-- Second Consecutive Quarter of Positive Net Line Additions --
-- Revenue of $204 Million --
-- Adjusted EBITDA1 of $23 Million --
-- Net Income of $9 Million or $0.04 per Share Excluding Adjustments2 --

HOLMDEL, N.J., Nov. 6, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, today announced results for the third quarter ended September 30, 2013.

Vonage reported gross line additions ("GLAs") of 175,000, up from 155,000 sequentially and up from 172,000 in the prior year. This was the Company's best quarter of GLAs since the first quarter of 2011, reflecting stable volume in the international calling segment and the first full quarter of national sales of BasicTalk, its high-quality, low-cost domestic calling product. As expected, customer churn increased modestly to 2.6%, up from 2.4% sequentially due to targeted price increases executed in the quarter, the early life churn associated with higher gross line additions, and seasonality, and was up from 2.5% in the year ago quarter. The Company grew total net lines by 11,000 during the quarter, up from 3,000 net lines sequentially and 9,000 net lines in the year ago quarter. This is the second consecutive quarter of positive net line additions and the highest level since the first quarter of 2008.


 Posted by vonage on Wednesday, November 06 @ 15:06:57 EST
 (909 reads)
Read More: Vonage Holdings Corp. Reports Third Quarter 2013 Results

 Vonage Granted Three More Patents

Vonage In Print News

HOLMDEL, N.J., Oct. 31, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communication services connecting people through cloud-connected devices worldwide, today announced that it was granted three new patents in October by the United States Patent and Trademark Office.

U.S. Pat. No. 8,571,060, "Systems and Methods for Terminating Telephony Communications to Mobile Telephony Devices," relates to a system that activates a call forwarding feature to enable low-cost incoming calls on mobile phones while traveling internationally.

U.S. Pat. No. 8,571,191, "Method and Apparatus for New Subscriber Access to Telephony Features," was issued for a solution that provides an efficient way for distributing Voice over Internet Protocol (VoIP) services on a variety of platforms and communications devices. When a consumer wishes to download a VoIP communications app, this technology recognizes attributes of the user's device — for example, whether it is an iPhone®, Android™ or other device — and will automatically provide a link to the most compatible version of the app.

U.S. Pat. No. 8,553,570, "Systems and Methods of Routing IP Telephony Packet Communications," covers advanced call routing techniques that ensure the path for a call meets specific requirements including call quality, encryption and conferencing. The call path is automatically and seamlessly modified to route through equipment that can support the requirements of the call, resulting in greater consistency and quality of service for consumers. The patented technology is particularly beneficial in situations where network conditions worsen during the call, which otherwise would result in a noticeable drop in quality.

"We are pleased that the Patent Office has issued the '060 patent, our first patent relating to our international roaming solution," said Chief Legal Officer Kurt M. Rogers. "This patent, along with additional pending applications related to our roaming solution, will be integral in protecting our investment in technology innovation and development. The '191 and '570 patents also cover valuable features that reflect our continued focus on mobile VoIP and service quality improvements."

Vonage has been granted 12 patents and filed more than 80 patent applications in 2013. The company now has 30 U.S. patents and more than 200 U.S. patent applications pending, along with many foreign patents and pending applications in jurisdictions worldwide.


 Posted by vonage on Thursday, October 31 @ 15:22:18 EDT
 (886 reads)
Read More: Vonage Granted Three More Patents

 Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Third Quarter 2013 Financial Results

Vonage Press Releases

HOLMDEL, N.J., Oct. 22, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, will report its financial results for the third quarter 2013 on Wednesday, November 6, 2013. The earnings release will be available on Vonage's Investor Relations website at http://ir.vonage.com.

Management will host a webcast discussion of the quarter on Wednesday, November 6, 2013 at 10:00 AM Eastern Time. To participate, please dial (877) 359-9508 approximately 10 minutes prior to the call. International callers should dial (224) 357-2393. A replay will be available approximately two hours after the conclusion of the call through November 12, 2013, and may be accessed by dialing (855) 859-2056. International callers should dial (404) 537-3406. The replay passcode is: 77182950.

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.


 Posted by vonage on Tuesday, October 22 @ 14:35:51 EDT
 (879 reads)
Read More: Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Third Quarter 2013 Financial Results

 Vonage Holdings Corp. to Acquire Vocalocity, Inc.

Vonage Press Releases

HOLMDEL, N.J., Oct. 10, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, has entered into a definitive agreement to acquire privately-held Vocalocity, Inc. ("Vocalocity"), an industry-leading Software as a Service (SaaS) provider of cloud-based communication services to Small and Medium Businesses ("SMBs").

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.

Vocalocity is one of the fastest growing providers in the SMB hosted VoIP market. During the first half of 2013, Vocalocity had revenue of $28 million and growing, implying an annual run rate of greater than $56 million. First half 2013 revenues were 39% higher than the same period in the prior year. Vocalocity was EBITDA1 and free cash flow1 positive during this period. Vocalocity ended the second quarter with 21,000 customers.

The total SMB market for voice service in North America is $15 billion and 32 million lines. Vocalocity has focused on companies with 20 or fewer employees, which represents more than 60% of the total market. The long-term opportunity for growth in this segment is substantial given that 85% of SMBs still purchase voice service from traditional carriers at rates that are frequently 40-50% higher than those of Vocalocity. The SMB hosted VoIP market is forecast to grow at a compound annual rate of 27.5% over the next 5 years2.

"Entry into the SMB segment is a key element of the growth strategy we outlined last year," said Marc Lefar, Vonage Chief Executive Officer. "Vocalocity accelerates our entry with a comprehensive, high-quality product suite and scalable platform. In addition, Vocalocity's software orientation, customer focus and innovative approach are a natural fit with our culture."

Vocalocity CEO Wain Kellum commented, "As business VoIP moves from the early adopter phase to the mainstream, a Vocalocity and Vonage combination delivers the scale, quality and feature set to best serve customers and create phenomenal opportunities for growth. I am impressed with what Vonage has built, and look forward to joining the team."

Upon closing, Mr. Kellum, will join Vonage as President, Business Services, and become a member of the Company's senior leadership team.


 Posted by vonage on Thursday, October 10 @ 14:08:19 EDT
 (837 reads)
Read More: Vonage Holdings Corp. to Acquire Vocalocity, Inc.

 Vonage Chief Financial Officer to Present at the Oppenheimer 16th Annual Technology, Internet & Communications Conference

Vonage Press Releases

HOLMDEL, N.J., Aug. 8, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) today announced that its Chief Financial Officer, David Pearson, will present at the Oppenheimer 16th Annual Technology, Internet & Communications Conference on Tuesday, August 13, 2013 at 4:25 p.m., ET. The presentation will be held at the Four Seasons Hotel in Boston.

A live webcast of this event may be accessed by visiting Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.


 Posted by vonage on Thursday, August 08 @ 14:00:31 EDT
 (870 reads)
Read More: Vonage Chief Financial Officer to Present at the Oppenheimer 16th Annual Technology, Internet & Communications Conference

 Vonage Holdings Corp. Reports Second Quarter 2013 Results

Vonage Press Releases

HOLMDEL, N.J., July 31, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, today announced results for the second quarter ended June 30, 2013.

Vonage reported adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")1 of $27 million, down from $34 million sequentially, reflecting planned investments in the national launch of the new BasicTalk brand, and down from $35 million in the year ago quarter. The Company reported income from operations of $14 million, down from $22 million sequentially and up from a loss of $3 million in the year ago quarter.

Net income, excluding adjustments2 was $12 million or $0.06 per share, down from $21 million or $0.10 per share sequentially and down from $21 million or $0.09 per share in the year ago quarter. GAAP net income was $7 million or $0.04 per share, down from $13 million or $0.06 per share sequentially and up from a net loss of $3 million or $0.01 per share in the year ago period, which included a one-time adjustment of software assets.

Commenting on the quarter, Marc Lefar, Vonage Chief Executive Officer said, "We are making steady progress on our growth priorities highlighted by a strong early response to BasicTalk, launched in May, which contributed to higher sequential gross line additions and positive net lines for the quarter. Our core business results were solid. Churn declined to 2.4% — its lowest level since 2010, and adjusted EBITDA was in line with our expectations.

Consistent with our stated strategy, we are continuing to invest in our growth priorities and are excited about the opportunities for long term revenue growth in Brazil and from our mobile platform. We are balancing this investment in growth with the return of capital to shareholders, having repurchased five million shares of our stock during the quarter. We remain on target to complete our $100 million buyback by the end of 2014."


 Posted by vonage on Wednesday, July 31 @ 13:24:26 EDT
 (848 reads)
Read More: Vonage Holdings Corp. Reports Second Quarter 2013 Results

 Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Second Quarter 2013

Vonage Press Releases

HOLMDEL, N.J., July 10, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, will report its financial results for the second quarter 2013 on Wednesday, July 31, 2013. The earnings release will be available on Vonage's Investor Relations website at http://ir.vonage.com.

Management will host a webcast discussion of the quarter on Wednesday, July 31, 2013 at 10:00 AM Eastern Time. To participate, please dial (877) 359-9508 approximately 10 minutes prior to the call. International callers should dial (224) 357-2393. A replay will be available approximately two hours after the conclusion of the call through August 6, 2013, and may be accessed by dialing (855) 859-2056. International callers should dial (404) 537-3406. The replay passcode is: 10546133.

The webcast will be broadcast live through Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.


 Posted by vonage on Wednesday, July 10 @ 14:04:46 EDT
 (579 reads)
Read More: Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Second Quarter 2013

 U.S. Patent and Trademark Office Grants Vonage Two More Patents

Vonage Press Releases

HOLMDEL, N.J. - July 9, 2013 - Vonage Holdings Corp. (NYSE: VG), a leading provider of communication services connecting people through cloud-connected devices worldwide, today announced that it has been granted two new patents by the United States Patent and Trademark Office: U.S. Pat. No. 8,483,210, "Method and Apparatus for Voice Traffic Management in a Data Network," and U.S. Pat. No. 8,478,648*, "Apparatus and Method for Automated Inventory Tracking and Authentication."

The '210 patent, issued today, relates to a device that transmits both voice and non-voice communications such as a VoIP (Voice-over-Internet Protocol) telephone adapter. The patented technology maintains the voice quality on calls by automatically adjusting the device's bandwidth.

"This invention ensures that call quality remains high in situations where it could be otherwise compromised, including when the internet connection used for making VoIP calls is also used for other purposes, for example, downloading large files," said Chief Legal Officer Kurt M. Rogers.

The '648 patent, issued on July 2, relates to technology that allows network operators to verify that devices connected to their networks, such as VoIP telephone adapters, were distributed through authorized channels.

Vonage has been granted nine patents so far in 2013. The company now has 27 U.S. patents and nearly 180 U.S. patent applications pending, along with many foreign patents and pending applications in jurisdictions worldwide.


 Posted by vonage on Tuesday, July 09 @ 13:58:17 EDT
 (595 reads)
Read More: U.S. Patent and Trademark Office Grants Vonage Two More Patents

 U.S. Patent and Trademark Office Grants Vonage New Patent for Optimized Routing of IP Telephony Communications

Vonage Press Releases

HOLMDEL, N.J., June 25, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communication services connecting people through cloud-connected devices worldwide, today announced that it has been granted U.S. Pat. No. 8,472,342, "Systems and Methods of Routing IP Telephony Data Packet Communications." The '342 patent was allowed in less than three months under the U.S. Patent and Trademark Office's Prioritized Examination Procedure.

The patented invention provides substantial improvements to voice quality in IP-based telephony systems. This technology dynamically selects the path of the communication based on network conditions at the time of the call.

"This invention creates important advantages for any VoIP network operator, directly impacting the quality, reliability and user experience of its service," said Chief Legal Officer Kurt M. Rogers. "Recognizing the high value and novelty of this solution, we requested and received an accelerated examination by the patent office. We appreciate the rapid examination, which we believe validates the uniqueness of the invention."

The '342 patent is Vonage's seventh in 2013. Vonage now has 25 U.S. patents and nearly 170 U.S. patent applications pending, along with many foreign patents and pending applications in jurisdictions worldwide.


 Posted by vonage on Tuesday, June 25 @ 13:51:51 EDT
 (707 reads)
Read More: U.S. Patent and Trademark Office Grants Vonage New Patent for Optimized Routing of IP Telephony Communications

 Vonage Chief Financial Officer to Present at the 2013 Stifel Internet, Media & Communications Conference

Vonage Press Releases

HOLMDEL, N.J., May 15, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG) today announced that its Chief Financial Officer, David Pearson, will present at the 2013 Stifel Internet, Media & Communications Conference on Monday, May 20, 2013 at 1:30 p.m., ET. The presentation will be held at the Pierre Hotel in New York City.

A live webcast of this event may be accessed by visiting Vonage's Investor Relations website at http://ir.vonage.com. Windows Media Player or RealPlayer is required to listen to this webcast. A replay will be available shortly after the live webcast.


 Posted by vonage on Wednesday, May 15 @ 13:45:13 EDT
 (533 reads)
Read More: Vonage Chief Financial Officer to Present at the 2013 Stifel Internet, Media & Communications Conference

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1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

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HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

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