Vonage Strikes Again, Buys iCore

August 20th, 2015 by · Leave a Comment

The Business VoIP world continues to consolidate, and this morning Vonage was again in the thick of it with a new acquisition. They are acquiring iCore Networks for $92M in cash.

iCore specializes in serving unified-communications-as-a-service to the enterprise market. They serve about 85,000 customer seats with a monthly ARPU per customer of more than $4K, from which they will earn about $70M in annual revenue in 2015.

That customer base and the acquired sales force will certainly help Vonage move further up the value chain as it continues to shift from the consumer to business markets. Vonage's current business revenues are currently about 22% of its total revenues, and after this deal will be 28% and still rising.

Vonage has been very active inorganically in the last few years, buying Vocalocity, Telesphere, SimpleSignal, and gUnify.

Categories: Mergers and Acquisitions · Unified Communications · VoIP

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