Ringocity is proud to be in partnership with Vonage Business/Vocalocity VoIP Phone Services

By: J. Anderson
Feb. 13, 2014 - PRLog -- Ringocity is proud to be in partnership with Vonage Business/Vocalocity

Vonage Holdings reportsFourth Quarter 2013
-- Company Closes Vocalocity Acquisition --
-- Third Consecutive Quarter of Positive Net Line Additions --
-- Revenue of $211 Million --

"In 2013, we made important progress against each of our growth priorities," said Marc Lefar, Vonage Chief Executive Officer.  "We grew our base of BasicTalk customers. We laid the foundation for our business in Brazil, and are on track for a phased market entry early in the second quarter of 2014.  We increased the penetration rate of our mobile Extensions app and attracted new users to our Vonage Mobile app. And, we ended the year on a high note with the closing of our transformative acquisition of Vocalocity, a leading provider of hosted CaaS-based communications for small and medium businesses (SMBs).  Based on our progress across our growth priorities, we expect to grow consolidated pro forma revenue by 1-2% in 2014."

Ringocity is a preferred partner with Vonage Communications/Vocalocity VoIP phone services. We are proud to have the strength of Vonage supporting us reports Ringocity.com.

For 2013, the Company reported a positive swing of nearly 25,000 net line additions compared to the prior year, aided by the addition of subscribers to BasicTalk, an increased focus on in-person selling channels and the fourth quarter acquisition of Vocalocity, which has been renamed Vonage Business Solutions.  Improvements in the customer experience contributed to a reduction in churn to 2.5% from 2.6% a year ago.  Reflecting the Company's planned investment in growth initiatives, including the national launch of BasicTalk, adjusted EBITDA was $110 million, down from $135 million in the prior year.

Contact Ringocity at 855-606-5488 for more information about VoIP business phone services.
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