Vonage is claiming that it is almost ready to begin deploying a new VoIP system which avoids the use of Verizon’s VoIP patents which have pushed the company to the brink of extinction.
Jeffrey Citron, Vonage Chairman and interim CEO, said at the company’s quarterly results conference, “We believe we have workable designs for the two name translation patents and intend to begin deploying the solution to our customers shortly. In addition, we are continuing our development of the workaround for the wireless patent.”
Citron announced revenue for the first quarter of $196 million, a 64% rise from the $120 million this time last year, which he said was driven by strong customer growth. The company continued to make net losses but this has narrowed to $72 million, from $85 million a year ago.