Feeds

Vonage flags $250m IPO

Juggles senior execs too

High performance access to file storage

Vonage is looking to raise $250m as part of an IPO, the US-based VoIP outfit revealed in a filing with the Securities and Exchange Commission (SEC).

The cash will be used to fund the continued marketing of the service, which boasts some 1.4m subscribers.

According to documents lodged with the SEC, the broadband telephony outfit lost $190m in the first nine months of last year on the back of revenues of $174m.

Separately, Vonage announced that founder Jeffrey Citron is to take on a new role as chairman and chief strategist. He'll be dabbling in areas such as developing new product areas and technologies while looking after "employee culture".

The day to day running of the firm is to be handed over to the former president of ADT Mike Snyder, who takes up his position as chief executive. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.