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Vonage passes expectations in Q4, to consider sale of Consumer segment

Tuesday 18 February 2020 | 14:12 CET | News
Vonage passed revenue expectations in the fourth quarter, boosted by growth at its Business segment. CEO Alan Masarek said that this growth was so significant that the company will now look more closely at the less performant Consumer segment. Different options will be considered, including its sale, so that Vonage can fulfil its goal of becoming a pure-play Business SaaS company. Towards this end, the company in the last year completed the move to its own technology across its core UCaaS, CCaaS and CPaaS products, and invested significantly into product innovation and platform enhancement.

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Categories: Fixed
Companies: Vonage
Countries: World
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