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TiVo CFO Joins Vonage Board

Naveen Chopra, the CFO and SVP of corporate development and strategy at TiVo, has joined the board of Vonage Holdings Corp., a company that specializes in IP-delivered voice and other communications services.

"We are excited to have Naveen join our board. His depth of financial, accounting and strategic experience in the technology industry, as well as his extensive international experience, make him a valuable addition to the Board," said Vonage CEO Marc Lefar, in a statement.  "Naveen's insights will serve Vonage and its shareholders well as we continue to execute against our strategic growth priorities to provide innovative, flexible and affordable communications services to individuals and businesses in the U.S., Canada and abroad."

Vonage added 12,503 net new subscriber lines in the first quarter, versus a net loss of 12,400 in the year-ago quarter, giving it a total of 2.55 million subscriber lines at the end of the period. Vonage also posted first quarter GAAP net income of $5 million (2 cents per share), down from $13 million a year earlier, on revenues of $221 million, up from $209 million in the year-ago quarter. Vonage reports second quarter results on July 31.

"I am excited to join the Vonage board and to work with the team as the Company builds upon the progress it has made against its strategic growth priorities,” Chopra said. “Vonage is well positioned to build upon its strong foundation in VoIP services to meet consumer and small and medium business communications needs globally. I look forward to contributing to the team's success."

Chopra joined TiVo in 2003 as director, business development. Prior to that, he was an exec with Moxi Digital (now part of Arris), and is also late of Microsoft, where he aided the development of an integrated DVR product with EchoStar as well as Microsoft’s UltimateTV product line.  Chopra received bachelor's degrees in Computer Science and Economics and earned an M.B.A. from the Stanford Graduate School of Business.