Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 7:09 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #88. Vonage Holdings Corp. — Vocalocity, Inc.
Acquirer:
Vonage Holdings Corp. (VG)
Acquiree:
Vocalocity, Inc.
Details:
Vonage Holdings Corp. (NYSE: VG), a leading provider of communications services connecting people through cloud-connected devices worldwide, has completed the acquisition of Vocalocity, Inc., an industry-leading SaaS-based communications provider to Small and Medium Businesses ("SMBs"). The company will market to SMBs under the newly-created Vonage Business Solutions brand.
Vonage Holdings is a provider of cloud communications services. Co.'s business is organized under two reportable segments, Vonage Communications Platform and Consumer. The Vonage Communications Platform provides multiple communications channels - including video, voice, messaging, email, verification, and artificial intelligence - that integrate into the applications, products and workflows. For Co.'s Consumer segment, it enables customers to access and utilize its services and features via their existing internet connections, including over 3G/4G, LTE, Cable, or DSL broadband networks. Co. has two primary Consumer offerings available in U.S.: Vonage World and Vonage North America.
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Avg. Broker Rec.
 
|
Hold (1.60 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: VG Stock Forecast Based on Zacks ABR data; powered by Xignite |
