Telesphere: EXCLUSIVE: Why Vonage bought Telesphere for $114 million (Video)

Vonage Holdings Corp. bought Telesphere Networks Ltd. because it wants to be the clear leader in cloud communications. Telesphere, the Scottsdale-based cloud telecommunications company, has the small- to medium-sized business clients Vonage was seeking, and the two companies complement each other well. "We can handle the single user to the thousand or higher employee company," said Vonage CEO Alan Masarek in an exclusive sit-down interview with the Phoenix Business Journal. "There hasn't been a…