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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., May. 6, 5:12 AM

Slide #3. Vonage Holdings Corp. Nexmo, Inc.

Acquirer: Vonage Holdings Corp. (NYSE:VG)
Acquiree: Nexmo, Inc.
Details: Vonage Holdings Corp. (NYSE: VG) ("the Company") has entered into a definitive agreement to acquire privately-held Nexmo, Inc. ("Nexmo"), a global leader in the Communications Platform as a Service ("CPaaS") segment of the Cloud Communications market, for $230 million in cash and stock. Nexmo is the world's second largest CPaaS company as measured by revenues. This acquisition accelerates Vonage's growth strategy, deepens the Company's technology capability and elevates its leadership position in Cloud Communications.

Vonage Holdings is a provider of communications services connecting people through cloud-connected devices. Co. had about 2.5 million subscriber lines for broadband telephone replacement services as of Dec 31, 2014, and about 84.0% of its U.S. subscriber lines were for residential service. Co.'s primary residential offering is Vonage World, with about 0.9 million subscriber lines as of Dec 31 2014. Co.'s home telephone replacement services are provided to residential customers through several service plans, including features such as voicemail, call waiting call forwarding, Simulring, visual voicemail and Extensions. Co. also provides local and international calling outside of plan limits.

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Company Name:  Vonage Holdings Corp
Sector:  Communications Services
Number of ETFs Holding VG:  26
Total Market Value Held by ETFs:  $75.22M
Total Market Capitalization:  $993.00M
% of Market Cap. Held by ETFs:  7.57%

Open the VG Page at The Online Investor (in a new window) »

May 6, 2016    5:12 AM Eastern
Quotes delayed 20 minutes

Strong Buy (3.71 out of 4)
77th percentile
(ranked higher than approx. 77% of all stocks covered)
Based on Zacks ABR data;
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