NJ TECH CORNER: VONAGE HOLDING CORP.
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.]
