Vonage gets an infusion of cash, changes in the boardroom

Joshua Topolsky
J. Topolsky|07.25.08

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Vonage gets an infusion of cash, changes in the boardroom
VOIP provider Vonage is doing a bit of reshuffling at the top, while putting the finishing touches on a $215 million infusion of cash from Silver Point Finance LLC. Dry enough? Perhaps, but we're sure Jeffery Citron, CEO and current interim chief executive of the recently embattled company will be pleased to get the helping hand. Citron is currently preparing for a swap of duties as well, taking a step back from the day-to-day -- which will probably provide a welcome respite from the flurry of legal hits the provider has taken. Enjoy your vacation, Jeff.
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