Vocera Communications Inc.: Vocera Announces Commencement of Public Offering and Partial Release of Lock-up Agreements with Certain Officers and Directors

Tuesday, September 4, 2012
SAN JOSE, Calif. - September 4, 2012 - Vocera Communications, Inc. (NYSE: VCRA), a provider of mobile communication solutions focused on addressing critical communication challenges facing hospitals, announced today that it has commenced a public offering of 4,500,000 shares of its common stock.  Vocera proposes to issue and sell an aggregate of 1,000,000 shares of common stock and certain existing stockholders of Vocera propose to sell an aggregate of 3,500,000 shares of common stock.  The underwriters of the offering will have a 30-day option to purchase from Vocera and the selling stockholders up to an additional 675,000 shares of common stock, on the same terms and conditions. Vocera will not receive any proceeds from the sale of the shares by the selling stockholders.  Vocera expects to use the net proceeds from this offering for general corporate purposes, including working capital. 

J.P. Morgan Securities LLC and Piper Jaffray & Co. will act as lead book-running managers for the offering, and Robert W. Baird & Co. and William Blair & Company, LLC will act as co-managers.

In connection with the proposed offering, J.P. Morgan Securities LLC and Piper Jaffray & Co., the lead book-running managers of Vocera's initial public offering in March 2012, are releasing a lock-up restriction with respect to certain shares of Vocera's common stock held by certain officers and directors of Vocera.  The release will take effect concurrently with the completion of the offering.  

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus.  Copies of the preliminary prospectus related to the offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1 (866) 803-9204; or Piper Jaffray & Co., 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone: 1 (800) 747-3924, or email: prospectus@pjc.com.

Bob East
Westwicke Partners

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