Changed Risks for VONAGE HOLDINGS CORP (VG)

If we fail to protect unique aspects of our internally developed systems, technology, products, and software and our trademarks, we may become involved in costly litigation or our business or brand may be harmed

The regulatory framework for CPaaS services continues to develop, as many existing regulations may not fully contemplate this type of service or business model;

As the cloud communications services market evolves, and the convergence of voice, video, messaging, mobility and data networking technologies accelerates, we may face competition in the future from companies that do not currently compete in the cloud communications services market

Security breaches and other cybersecurity or technological risks could compromise our information systems and network and expose us to liability, which could cause our business and reputation to suffer and which could have a material adverse effect on our business, financial condition, and operating results

Our services are subject to regulation in the United States, United Kingdom, and Canada, and in additional countries as we expand globally Future legislative, regulatory or judicial actions could adversely affect our business and expose us to liability and limit our growth potential

We depend on third-party vendors to supply, configure and deliver the phones that we sell Any delays in delivery, or failure to operate effectively with our own servers and systems, may result in delay or failure of our services, which could harm our business, financial condition and results of operations

future legislative, regulatory or judicial actions impacting CPaaS could adversely affect our business and financial results of operations, increase the cost and complexity of compliance, and expose us to liability