Vonage Holdings Corp., a pioneer in placing phone calls over the Internet, was in federal court last week defending itself against a nearly $200 million patent-infringement suit filed by Verizon Communications, the second-largest phone company in the U.S. Although Vonage made a name for itself as an innovator in digital voice communications, Verizon claims that Vonage has been illegally using patented Verizon technologies at the core of voice-over-Internet Protocol (VoIP) service, including signaling interconnectivity, authorization, authentication, billing and fraud prevention. Verizon, defending five patents in U.S. District Court in Alexandria, Va., is seeking $197 million in damages, equal to about 25% of Vonage's current market value.

Posted by GEN-ERIC at 12:04:18 am into the following categories: In The News

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