Editing Vonage (section)

=== Acquisition by Ericsson ===
On 22 November 2021, it was announced that Vonage would be acquired by [[Ericsson]] in a US$6.2 billion all-cash purchase.<ref>{{Cite news |last1=Mukherjee |first1=Supantha |last2=Soderpalm |first2=Helena |date=November 22, 2021 |title=Sweden's Ericsson snaps up cloud firm Vonage in $6.2 bln deal |url=https://www.reuters.com/business/media-telecom/ericsson-buy-cloud-firm-vonage-62-bln-2021-11-22/ |work=[[Reuters]]}}</ref><ref>{{Cite press release |title=Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platform for open innovation |date=November 22, 2021 |url=https://www.ericsson.com/en/press-releases/2021/11/ericsson-to-acquire-vonage-for-usd-6.2-billion-to-spearhead-the-creation-of-a-global-network-and-communication-platform-for-open-innovation |website=www.ericsson.com}}</ref> The acquisition was completed on 21 July 2022.<ref name="ericsson">{{Cite news |last=Mukherjee |first=Supantha |date=July 21, 2022 |title=Ericsson closes $6.2 bln Vonage deal after short delay |url=https://www.reuters.com/markets/deals/ericsson-closes-62-bln-vonage-deal-after-short-delay-2022-07-21/ |url-status=live |archive-url=https://web.archive.org/web/20220721182406/https://www.reuters.com/markets/deals/ericsson-closes-62-bln-vonage-deal-after-short-delay-2022-07-21/ |archive-date=July 21, 2022 |work=[[Reuters]]}}</ref> According to the press release, Ericsson acquired all of Vonage's outstanding shares at an all-cash price of US$21 per share, a 28% premium.
The acquisition was financed through Ericsson's existing cash resources, which amounted to SEK 88 billion as of 30 September 2021 on a gross basis, and SEK 56 billion on a net basis as of the same date.

Vonage became a wholly owned subsidiary of Ericsson but continues to operate under its existing name and reported as a separate segment in Ericsson accounts. Vonage's employees remained with the company and the Vonage CEO [[Rory Read]] joined the Executive Team of Ericsson, reporting to CEO, [[Börje Ekholm]].

In February 2024, Niklas Heuveldop was appointed Head of Business Area Global Communications Platform, a new Business Area within Ericsson, and CEO of Vonage.