Vonage in the News
Vonage Files for IPO, Names New CEO
After a period of mystery regarding what steps it would take, VoIP start-up Vonage has filed for an IPO. (See filing here. If this link doesn’t work, go here and search under company filings.) In the filing, Vonage also announces that the new CEO is Mike Snyder, formerly President of ADT Security Services. Founder Jeff Citron will become Chairman of the Board and “Chief Strategist.”
According to the filing, Vonage had $75.9 mil. in revenue for 2004, up from only $797,000 in 2004. For the first nine months of 2005, however, revenue skyrocketed to $167.3 mil.
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