Vonage Files For $250 Million IPO, First VoIP provider to go public

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Vonage Files For $250 Million IPO, First VoIP provider to go public

02-09-2006, 08:34 AM,

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mandy Offline

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Vonage Files For $250 Million IPO, First VoIP provider to go public

Quote:Internet phone player Vonage filed to raise $250 million in an initial public offering and named a new CEO.

The Holmdel, N.J., company tapped Mike Snyder as CEO. Snyder was president of Tyco's ADT security unit. With Snyder's arrival, founder Jeffrey Citron becomes chief strategist, where he "can dedicate his time to focusing on moving the company into new product areas, technologies, growth opportunities and employee culture," Vonage said.

full article: http://www.thestreet.com/_googlen/tech/t...67272.html

Vonage said its revenues in the first 9 months of 2005 were $174 million and it suffered a loss of $189.6 million in the same period.

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