Vonage

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).

He recruited Jeffrey A. Citron and Carlos Bhola, who each invested $1 million and joined as board members.

[18] In 2006, in preparation for an initial public offering, Michael Snyder, former president of ADT Security Services replaced Vonage co-founder Citron as the organization's CEO.

[20][21][22][23] In 2007, in a restructuring effort to reduce ongoing net losses in the face of double-digit stock price slips and patent infringement issues, Snyder resigned, and Citron returned as interim CEO.

[27] Vonage's initial public offering occurred on the New York Stock Exchange on May 24, 2006, opening at $17 per share.

[30][31] The amount of the settlement, $3.6 million, was paid by an insurance policy covering the directors and officers of the company.

[32][33][34] The firms underwriting the IPO, Citigroup, UBS, and Deutsche Bank, were fined a total of $845,000 and ordered to reimburse customers for "failure to adequately supervise communications" with investors.

[36] Beginning in 2013, Vonage acquired several companies as it refocused its business from a home phone provider to a global business cloud communications provider, including:[37][38][39] On 22 November 2021, it was announced that Vonage would be acquired by Ericsson in a US$6.2 billion all-cash purchase.

Vonage was also ordered by the court to stop signing up new customers,[58] but this was stayed pending appeal three weeks later.

In the settlement, Vonage agreed to pay the seven investigating states $3 million for costs, issue refunds to complainants dating back to January 2004, and change several business practices in regard to advertising and customer retention.

[64][65] Originally known for its home VOIP services, Vonage has shifted its primary focus to business cloud communications in the mid 2010s.

[66] For business customers that rely on high quantities of voice, video and data communications in their day-to-day operations, Vonage provides quality of service over its own private Multiprotocol Label Switching (MPLS) network and via a Software Defined Area Network (SD-WAN) product.

Usage is generally referred to as "unlimited", though Vonage has different national "fair use" policies limiting Vonage-to-phone calls to a few thousand minutes per month in the UK,[77] Canada,[78] and U.S.[79] Evidence suggests that calls are limited to a length of 3 hours and 56 minutes.

[81] For 911 location services to work, subscribers must activate the 911 calling feature by registering their full address with the company.

[83][84] VoIP service relies upon consistent broadband-ISP uptime and VoIP-equipment compatibility with the ISP's modem.

The program focuses on creating a more diverse workforce in the technology industry by providing virtual classes for high school STEM students for free.

Vonage logo until 2006
The Vonage building in Holmdel, New Jersey
Presentation of Nexmo, an acquisition that became the Vonage API platform, during a 2018 conference
Omar Javaid, CTO of Vonage at the time, speaking at 2018 conference
Display on a residential-use Vonage Box phone adapter