. ▁ ▁Pul ver ▁left ▁the ▁company ▁in ▁ 2 0 0 2 ▁to ▁start ▁another ▁V O IP ▁vent ure . ▁ ▁The ▁company ▁first ▁offered ▁subscription ▁service ▁in ▁the ▁United ▁States , ▁then ▁expanded ▁to ▁Canada ▁in ▁ 2 0 0 4 ▁and ▁the ▁United ▁Kingdom ▁in ▁ 2 0 0 5 . ▁Von age ▁went ▁public ▁on ▁May ▁ 2 4 , ▁ 2 0 0 6 . ▁ ▁Rest ruct uring ▁efforts ▁In ▁ 2 0 0 6 , ▁in ▁prepar ation ▁for ▁an ▁initial ▁public ▁offering , ▁Michael ▁S ny der , ▁former ▁president ▁of ▁AD T ▁Security ▁Services ▁replaced ▁Von age ▁co - found er ▁Cit ron ▁as ▁CE O . ▁Cit ron ▁could ▁not ▁pres ide ▁over ▁the ▁IP O ▁because ▁he ▁was ▁perman ently ▁bar red ▁from ▁associ ating ▁with ▁any ▁se cur ities ▁bro k ers ▁or ▁deal ers . ▁In ▁ 2 0 0 7 , ▁in ▁an ▁apparent ▁rest ruct uring ▁effort ▁to ▁reduce ▁on going ▁net ▁losses ▁in ▁the ▁face ▁of ▁double - digit ▁stock ▁price ▁sli ps ▁and ▁pat ent ▁in fr ing ement ▁issues , ▁S ny der ▁res igned , ▁and ▁Cit ron ▁returned ▁as ▁inter im ▁CE O . ▁The ▁company ▁announced ▁plans ▁for ▁ 1 0 % ▁lay offs ▁as ▁it ▁secured ▁$ 2 1 5 ▁million ▁in ▁finan cing . ▁ ▁In ▁the ▁second ▁quarter ▁of ▁ 2 0 1 0 , ▁with ▁a ▁change ▁in ▁management ▁and ▁improved ▁sales , ▁the ▁company ' s