The future of Vonage is certainly looking brighter. Vonage recently settled patent disputes, including one with Verizon. This week they secured a $215 million financing deal this week from Silver Point Finance LLC. Now, according to The Wall Street Journal, the company is about to bring in a new CEO to replace founder Jeffrey Citron, though Jeffrey will remain with the company.Has Vonage turned the corner? Hard to say. What I have noticed is a strong up-tick in the number of times I've seen Vonage ads on the Web. Whether that large online advertising expenditure is bringing in new customers or they're burning too much cash to acquire new customers remains to be seen.
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