By JAdP on February 8th, 2006
Internet-phone company Vonage Holdings has filed to raise up to $250 million in an initial public offering. The company also named Mike Snyder, formerly president of security company ADT, as its new CEO. Founder Jeffrey Citron, who had served as CEO, remains chairman.
Wall Street Journal, 2006 February 8 Subscription Required
Having watched VoIP through Jeff Pulver's newsletter and, now, blog, since 1994 and through working with Nortel in the late '90's, it is very interesting to see VoIP finally coming of age. We've come a long way from Net2Phone.
The WSJ article points out that Vonage has been growing but not profitable, and that they've already raised 650 Million Dollars in funding. Yes, VoIP is coming of age, but still not taking off yet.