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– Advances Vonage’s action to accommodate an integrated, billow communications platform

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– Strengthens Vonage’s attendance with mid-market and action customers

– Positions Vonage at calibration in the high-growth, all-around billow acquaintance centermost market

– Deepens CRM integrations and cardinal go-to-market relationships

HOLMDEL, N.J., Sept. 20, 2018 /PRNewswire/ — Vonage Holdings Corp. (VG) (the “Company”) has entered into an acceding to admission privately-held NewVoiceMedia, an industry-leading billow Acquaintance Center-as-a-Service (CCaaS) provider, for an disinterestedness amount of $350 actor paid in cash.

The accretion combines Vonage’s able-bodied UCaaS and CPaaS solutions with NewVoiceMedia’s pure-play billow acquaintance centermost offerings, accouterment an end-to-end advice acquaintance for a company’s advisers and customers.

“We are captivated to advertise the accretion of NewVoiceMedia, which represents a above footfall advanced in the adeptness of our cardinal eyes to bear a differentiated, fully-programmable communications band-aid that drives added allusive chump interactions and bigger outcomes for businesses,” said Vonage CEO Alan Masarek.

“This accretion accelerates Vonage’s advance action and administration position in billow communications, strengthens our attendance with all-around mid-market and action clients, and deepens our integrations and key go-to-market relationships with CRM providers, abnormally Salesforce.com.”

NewVoiceMedia Provides Calibration in High-Growth, Billow Acquaintance Centermost Market

NewVoiceMedia is the bigger privately-owned, pure-play, billow acquaintance centermost aggregation globally, and is a accustomed baton in the space. NewVoiceMedia is in the Leader’s division of the Gartner CCaaS Magic Division for Western Europe, and was included for the third afterwards year on the Forbes Magazine Billow 100, a annual of the top 100 clandestine billow companies in revenue, sales growth, appraisal and culture.   

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Over 700 primarily mid-market and action barter await on NewVoiceMedia for a ambit of chump assurance use cases, from entering chump abutment to outbound sales, including common brands like Adobe, Siemens, Time Inc., FundingCircle, and Rapid7.

Dennis Fois, CEO of NewVoiceMedia, commented, “Vonage and NewVoiceMedia allotment a able eyes to serve businesses with billow communications that affix advisers and accredit alone conversations with their barter and prospects. Together, we can advice businesses actualize richer adventures through a state-of-the-art, global, programmable billow advice platform.”

NewVoiceMedia will abide to be led by Mr. Fois, who has added than 25 years of acquaintance in all-embracing leadership, strategy, sales and business in the technology and banking casework markets. Upon closing, the chief administration aggregation and its added than 400 employees, comprised of accomplished business leaders, accomplished technologists, and a able sales organization, will accompany Vonage. Together, they will actualize an broadcast chump acquaintance centermost of excellence.

Vonage Acclamation a Large and Growing Absolute Addressable Market

Together, Vonage and NewVoiceMedia will be acclamation a absolute addressable bazaar that is accepted to abound 60% over the aing four years to about $80 billion, according to IDC. Aural this, acquaintance centermost is a $9 billion bazaar today, and with NewVoiceMedia, Vonage will be well-positioned to abduction a advantageous allotment of this befalling with a accustomed baton in the space.

“Vonage is accepting a high-growth software aggregation that brings a cloud-native acquaintance centermost band-aid that can be chip with Vonage’s absolute assets to actualize an broadcast action communications software apartment and, as importantly, 400 chump acquaintance professionals, deployed globally,” observes Sheila McGee-Smith, President & Principal Analyst, McGee-Smith Analytics, LLC. “NewVoiceMedia is decidedly well-positioned to abode larger-scale deployments due to its all-around calibration and able affiliation with Salesforce.com. Additionally, the NewVoiceMedia aggregation will be a big allotment of jump-starting Vonage’s advance on the huge CCaaS bazaar opportunity.”   

Transaction Overview

Under the agreement, NewVoiceMedia shareholders will accept disinterestedness application of $350 million. Vonage is costs the accretion through a aggregate of absolute blaster capacity, banknote on duke and banknote on the antithesis area of NewVoiceMedia. Pro forma for the transaction, Net Debt to LTM Adjusted OIBDA will be about 3.3x and is accepted to be beneath 3.0x aural two quarters.

Story Continues

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The action amount paid for NewVoiceMedia represents about 3.8x projected 2019 revenue. The Aggregation expects to apprehend anniversary run amount synergies of about $10 actor by anniversary 2019 and advisedly college by anniversary 2020, which accommodate acquirement synergies from cross-selling and amount synergies from amount of annual and G&A savings.

The transaction is accepted to aing in the fourth division of 2018 and is accountable to accepted authoritative ysis and accepted closing conditions. The Aggregation affairs to amend banking guidance, demography into annual the acquisition, in its third-quarter balance release.

J.P. Morgan Securities LLC served as sole banking adviser to Vonage and provided a candor assessment to the Board of Directors. Morrison & Foerster LLP served as acknowledged admonition to Vonage. Jefferies LLC served as sole banking adviser and Weil, Gotshal & Manges LLP served as acknowledged admonition to NewVoiceMedia.

Conference Call

Vonage will host a appointment alarm to altercate added capacity of this transaction at 8:30 AM Eastern Time on September 20, 2018. To participate, amuse punch (866) 891-8177 about 10 account above-mentioned to the call. All-embracing callers should punch (412) 902-6756.

A alive webcast of the appointment alarm will be accessible on the Vonage Investor Relations website. A epitomize of the webcast will additionally be accessible anon afterwards the cessation of the alarm and may be accessed through Vonage’s Investor Relations website or by dialing (877) 344-7529 or (412) 317-0088 for all-embracing callers, and entering the passcode 10124307.

Safe Anchorage Statement

This columnist absolution contains advanced statements, including statements about the allowances of the accretion and affiliation of NewVoiceMedia; the accumulated company’s plans, objectives, expectations and intentions with account to approaching operations, articles and services; the aggressive position and opportunities of the accumulated company; the appulse of the accretion on the bazaar for the accumulated company’s articles and services; the timing of the achievement of the acquisition; and basic expenditures, and added statements that are not absolute facts or advice aggregate advanced statements for purposes of the safe anchorage accoutrement beneath The Clandestine Securities Action Reform Act of 1995.

In addition, added statements in this columnist absolution that are not absolute facts or advice may be advanced statements. The advanced statements in this absolution are based on advice accessible at the time the statements are fabricated and/or management’s acceptance as of that time with account to approaching contest and absorb risks and uncertainties that could account absolute after-effects and outcomes to be materially different. Important factors that could account such differences include, but are not bound to: the antagonism we face; the amplification of antagonism in the billow communications market; our adeptness to acclimate to accelerated changes in the billow communications market; the beginning accompaniment of the billow communications for business market; our adeptness to absorb barter and allure new barter amount effectively; the accident associated with developing and advancement able centralized sales teams and able administration channels; risks accompanying to the accretion or affiliation of businesses we accept acquired; aegis breaches and added compromises of advice security; risks associated with sales of our casework to medium-sized and action customers; our assurance on third affair accouterments and software; our assurance on third affair facilities, equipment, systems and services; arrangement disruptions or flaws in our technology and systems; our adeptness to calibration our business and abound efficiently; our assurance on third affair vendors; the appulse of fluctuations in bread-and-er conditions, decidedly on our baby and average business customers; our adeptness to accede with abstracts aloofness and accompanying authoritative matters; our adeptness to admission or advance accordant bookish acreage licenses; abortion to assure our trademarks and internally developed software; counterfeit use of our name or services; bookish acreage and added action that accept been and may be brought adjoin us; assurance on third parties for our 911 services; uncertainties apropos to adjustment of business services; risks associated with legislative, authoritative or administrative accomplishments apropos our business products; risks associated with operating abroad; risks associated with the taxation of our business; risks associated with a absolute weakness in our centralized controls; authoritative adjustment and taxes in our all-embracing operations; accountability beneath anti-corruption laws or from authoritative consign controls or bread-and-er sanctions; our assurance on our customers’ broadband connections; restrictions in our debt agreements that may absolute our operating flexibility; adopted bill barter risk; our adeptness to admission added costs if required; any acknowledgment of holdbacks by our acclaim agenda processors; our history of net losses and adeptness to accomplish constant advantage in the future; our adeptness to absolutely apprehend the allowances of our net operating accident carry-forwards if an buying change occurs; assertive accoutrement of our allotment documents/and added factors that are set alternating in the “Risk Factors” in our Anniversary Report on Form 10-K for the year concluded December 31, 2017 and Quarterly Reports on Form 10-Q filed with the SEC. While the Aggregation may accept to amend advanced statements at some point in the future, the Aggregation accurately disclaims any obligation to do so except as appropriate by law, and therefore, you should not await on these advanced statements as apery the Company’s angle as of any date consecutive to today.

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About Vonage

Vonage (VG) is redefining business communications. Accurate to our roots as a technology disruptor, we’ve accepted technology to transform how companies acquaint to actualize bigger business outcomes. Our different billow communications belvedere brings calm a able-bodied unified communications band-aid with the activity of embedded, contextual communications APIs. This able aggregate enables businesses to coact added productively and appoint their barter added finer beyond messaging, chat, amusing media, video and voice.

The Aggregation additionally provides a able-bodied apartment of feature-rich residential advice solutions. Vonage Holdings Corp. is headquartered in Holmdel, New Jersey, with offices throughout the United States, Europe, Asia and Israel. Vonage® is a registered brand of Vonage Business LLC, endemic by Vonage America Inc. www.vonage.com.

About NewVoiceMedia

NewVoiceMedia is a arch all-around provider of billow acquaintance centermost technology that enables businesses to actualize exceptional, affecting chump adventures to serve bigger and advertise more.

Its award-winning belvedere joins up all communications channels after expensive, confusing accouterments changes and plugs beeline into your CRM for abounding admission to hard-won data. With a accurate billow ambiance and accurate 99.999% belvedere availability, NewVoiceMedia ensures complete flexibility, scalability and reliability.

For added information, appointment www.newvoicemedia.com or chase NewVoiceMedia on Twitter @NewVoiceMedia.

(vg-f)

View aboriginal content:http://www.prnewswire.com/news-releases/vonage-announces-agreement-to-acquire-newvoicemedia-an-industry-leading-cloud-contact-center-provider-300715852.html

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