On Tuesday, Shares of Vonage Holdings Corp. (NYSE:VG), lost -1.98% to $5.44.
Vonage Holdings Corp., has accomplished the acquisition of iCore Networks, Inc, a premier provider of Unified Communications-as-a-Service (UCaaS) for businesses.
“We are excited to complete the iCore acquisition, which represents another important step in the execution of our growth strategy and further positions Vonage as a leader in the UCaaS market,” said Alan Masarek, Vonage Chief Executive Officer. “iCore is a natural complement to Vonage’s rapidly growing UCaaS business and strengthens the Company’s national footprint. iCore is particularly successful in serving mid-market and enterprise customers, with more than 60% of its revenue derived from customers with 100 or more seats.”
Vonage Holdings Corp. provides unified communications as a service solutions connecting people through cloud-connected devices worldwide. The company offers home telephone replacement services to residential customers through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, in addition to area code selection, virtual phone number, and Web-enabled voicemail.
Shares of Patterson Companies, Inc. (NASDAQ:PDCO), declined -2.99% to $44.46, during its last trading session.
Patterson Medical, formerly the medical business of Patterson Companies, Inc. (PDCO), is now an independent company with today’s completion of the formerly declared acquisition of Patterson Medical by Madison Dearborn Partners (MDP).
Patterson Medical will retain its name for a transition period before rebranding as the world’s leading independent distributor of rehabilitation and sports medicine products. With the focused resources and expertise of MDP, Patterson Medical is well positioned to continue to serve its strong and growing market and capitalize on the numerous growth opportunities before it. Michael J. Orscheln will continue to lead Patterson Medical as the newly independent company’s chief executive officer. The current Patterson Medical leadership team will continue in its role of driving growth and value for the company and its customers.
Patterson Companies, Inc. distributes dental, veterinary, and rehabilitation supplies. Its Dental Supply segment offers consumable dental supplies; impression and restorative materials; hand pieces; hand instruments; sterilization products; anesthetics; infection control products; paper, cotton, and other disposable products; and toothbrushes and dental accessories.
At the end of Tuesday’s trade, Shares of Teradyne, Inc. (NYSE:TER), lost -2.66% to $17.56.
Teradyne, declared a quarterly cash dividend of $0.06 per share, payable on September 28, 2015 to shareholders of record as of the close of business on September 4, 2015.
Teradyne, Inc. provides automatic test equipment worldwide. The company’s Semiconductor Test segment designs, manufactures, sells, and supports semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game applications, and others.
Finally, Check Point Software Technologies Ltd. (NASDAQ:CHKP), ended its last trade with -0.99% loss, and closed at $77.24.
Check Point Software Technologies Ltd., declared its decision to separate the position of Chairman and CEO and to appoint Marius Nacht as non-executive Chairman of the Board. Mr. Nacht, one of Check Point’s founders, has served as Vice Chairman of the Board of Directors since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Mr. Nacht held Senior Vice President Positions at Check Point.
“Marius has been an instrumental part of Check Point’s success. I look forward to ongoing to work with him in his expanded role,” said Gil Shwed, Founder & CEO of Check Point Software Technologies.
“I’m excited about my expanded role. We have a tremendous opportunity to assist our customers face the challenges of cyber security defense. Our forthcoming threat prevention technology in addition to our new mobile security suite provides the ultimate business solution to address current and evolving cyber threats. It is a great honor for me to support the company, that I’ve assisted found, into its next generation of market leadership,” said Marius Nacht, new Chairman of Check Point Software Technologies.
Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide.
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