Wednesday, February 08, 2006

Vonage Files for $250M IPO, Names New CEO

Ok, I would be the only one not reporting this if I didn't report this VoIP news about Vonage...

By PETER SVENSSON AP Technology Writer
NEW YORK Feb 8, 2006 (AP)— Vonage Holdings Corp., the country's largest Internet telephone service, on Wednesday filed for an initial public offering worth up to $250 million.

The company also appointed Mike Snyder chief executive, succeeding founder Jeffrey Citron, who will remain chairman and take the new title "chief strategist."

In a statement, Citron said he had recruited Snyder to assume day-to-day management of the company, leaving Citron to focus on new products and technologies.


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