NJ TECH CORNER: VONAGE HOLDING CORP.
Photo: Alan Masarek, CEO of Vonage Photo Credit: Courtesy Vonage
Alan Masarek, CEO of Vonage | Courtesy Vonage

Company Overview

Vonage Holding Corp. (NYSE; VG) is a provider of cloud communications services for businesses and consumers. For businesses, Vonage uses a portfolio of cloud-based communication solutions that enable collaboration among employees while also keeping companies connected with their customers across any mode of communication and any device.  Vonage's API Platform, NEXMO, provides for voice, message and phone verification services.  Founded in 2001, the Holmdel-based company has offices in the U.S., U.K. Israel and elsewhere across the globe. The company had 1,883 employees, as of Dec. 31, 2016.

Investment & Financial Information

 

Shares of common stock outstanding (as of, April 13, 2017):

221,841,441

Share price of stock (as of May 26, 2017)

$6.91

Share price of stock (one year ago)

$ 4.42

Current valuation (as of May 26, 2017)

$1.53 billion 

Valuation one year ago

$944.80 million 

Stock Symbol:

NYSE:VG

Net Revenues (12631/16)

$955.6 million

Net Revenues previous year

$895.0 million

Net Income(12/31/16)

$17.90 million

Net Income previous year:

$22.59 million

 

Management Team

 

Name

Age

Title

Antoine Jamous

 

36

 

President, Nexmo

 

Omar Javaid

 

45

 

Chief Product Officer

 

Alan Masarek

56

CEO

Graham Mcgonigal

 

 

59

 

Chief Network Officer

 

David T. Pearson

51

CFO

Susan Quakenbush

 

 

52

 

Chief Human Resources Officer

 

Joseph Redling

51

COO

Randy Rutherford

43

Interim Chief Legal Officer

Kenneth Wyatt

48

Chief Revenue Officer

 

Board of Directors

 

Name

Age

Title

Hamad Akhavan

55

Partner, Long Arc Capital

55

Partner, Long Arc Capital

Jeffrey A. Citron

46

Chairman, former CEO of Vonnage

46

Chairman, former CEO of Vonage

Naveen Chopra

Pandora Media Inc.

 

43

CFO, Pandora Media Inc.

 

 

Stephen Fisher

52

Senior Vice President and Chief Technology Officer, eBay Marketplace; Director, Safeguard Scientific Inc.

52

Senior Vice President and Chief Technology Officer, eBay Marketplace; Director, Safeguard Scientific Inc.

 

Carolyn Katz

55

Executive Chair, Author & Co.; Director, NII Holdings

Alan Masarek

56

CEO, Vonage

John J. Roberts

72

Former Global Managing Partner, Price Waterhouse Coopers LLP; Director and Audit Committee Member, Armstrong World Industries and Safeguard Scientific Inc.; Member of Board of Trustees and Audit Committee, Pennsylvania Real Estate Trust

Carl Sparks

 

49

CEO and Director, Academic Partnerships,  Dunkin' Brands Group

Gary Steele

54

CEO, Proofpoint

 

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

Jeffrey A. Citron

21,717,413

9.70%

The Vanguard Group Inc.

17,998,452

8.11%

Black Rock Inc.

15,411,675

 6.95%

Wellington Management Group

14,974,187

6.75%

 

[All information for NJ Tech Corner was taken from the company's annual reports and proxy statements and other company sources, with the exception of the company's stock price and valuation.]

 

 

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