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Company: Vonage Holdings Corp. (VG)
Business: Vonage is a collection of three main businesses: (i) the legacy consumer VOIP business; (ii) Application Programing Interface (API) business, which helps companies communicate to their customers through text messaging and (iii) Cloud-based Enterprise Communication as a Service business (CaaS).
Stock Market Value: $3.6B ($14.48 per share)
Activist: Jana Partners
Percentage Ownership: 3.91%
Average Cost: n/a
Activist Commentary: Jana Partners is a very experienced activist investor with much success in the Information Technology industry. Jana’s average 13D returns in this industry average 36% versus 10.72% for the S&P…
Source cnbc.com
