Profile: Audiocodes Ltd (AUDC.OQ)

AUDC.OQ on NASDAQ Stock Exchange Global Select Market

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AudioCodes Ltd., incorporated in 1992, designs, develops and sells products and services for voice and data over packet networks. Voice over packet (VoP), networks consist of key network elements, such as software switches, application servers, Internet protocol (IP), IP phones, media gateways and session border controllers (SBC). The Company has two business lines: network and technology. The Company’s products primarily provide the media gateway and SBC element in the network, as well as voice over Internet protocol (VoIP), end-points, such as IP Phones and VoIP mobile clients. Multi-service business gateways integrate media gateway functionality with data routing and network access. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and ESBC’s. Technology products consist of the Company’s chips and boards business products. The Company’s chips and boards serve as building blocks that customers incorporate in their products.

Networking Products

The Company’s networking products include analog media gateways for toll bypass, residential gateways, hosted, access and enterprise applications; digital media gateways for wireless, wireline, cable, enterprise, fixed mobile convergence, and unified communications; enterprise session border controllers (E-SBCs) for service providers and enterprises connecting to SIP trunk and hosted services and between unified communications and IP PBX systems; multi-service business gateways for integrated voice, data and security access for service providers connecting enterprise customers to network and for the enterprise branch office; IP phones for enterprise and managed services service providers; mobile VoIP access solutions; Microsoft Lync specific products: survivable branch appliances (SBAs), regulatory compliance recording (SmartTAP), SIP phone support integration (SPS), and media servers for voice over IP services and functionalities, such as conferencing, voice mail and lawful interception (IPmedia Media Servers). The Company’s media gateways enable voice, data and fax to be transmitted over Internet and other protocols, and interface with third party equipment to facilitate voice and data services.

E-SBCs also connect between IP-PBXs and unified communication systems from different vendors, and enable remote workers connectivity into the enterprise VoIP network. The Company’s multi-service business gateways integrate multiple data, telephony and security services into a single device. The Company’s IP phones include a family of high definition IP phones, suitable for integration with third party IP-PBX platforms for the enterprise IP telephony market, as well as into IP-Centrex service provider solutions.

The Company’s mobile VoIP clients include a family of soft clients for smartphones operating systems and a client management system, providing mobile roaming solutions for mobile and voice over IP and voice over broadband service providers. The Company offers a variety of products that are tailored for Microsoft unified communication environments. These products are based on its Mediant gateway platforms, as well as SPS (SIP phone support), and include survivable branch appliances (SBAs), enhanced gateways, E-SBCs, IP Phones, faxing solutions, call recording solutions (SmartTAP) and E911 solutions for Microsoft Lync. The Company’s media servers enable conferencing, multi-language announcement functionality, and other applications for voice over packet networks. The Company’s MediaPack family consists of analog and basic rate interface (BRI), media gateways for toll bypass, service provider access and enterprise applications. Its analog media gateways for access and enterprise applications provide media streaming functionality while being either controlled by a centralized call agent or used in box VoIP control protocols (SIP, H.323, and MGCP). The MediaPack family also includes the MP-2xx family of residential gateways, including the MP-252 multimedia home gateway.

The Company’s Mediant 1000 and Mediant 800 have three different models. The first two models are a modular VoIP media gateway and enterprise session border controllers. The other model includes multi-service business gateways (MSBGs), which are networking devices that combine multiple multiservice functions, such as a media gateway, session border controller, data router, firewall, LAN switch, WAN access and survivability. IIPmedia enables its customers to develop and market applications, such asunified communications, interactive voice response, call-centers, conferencing and voice-activated personal assistants. AudioCodes 300 and 400 Series of HD VoIP-enabled IP phones offer a dimension of voice call quality and clarity for the enterprise and service provider markets. The Company’s VMAS is a mobile VoIP solution from AudioCodes consiting of a client management system (CMS) and a variety of mobile soft clients for iOS and Android based mobile operating systems and smartphones. Its element management system (EMS), is a solution for centralized, standards-based management of its VoP gateways, covering all areas vital to the operations, administration, management and provisioning of MediantT and MediaPack VoP gateways. Sales of Network products accounted for approximately 62% of its revenues during the year ended December 31, 2012.

Technology Products

The Company’s technology products include voice over packet processors; VoIP communication boards; media processing boards for services and functionalities, and voice and data logging hardware integration board products. The Company’s signal processor chip process and compress voice, data and fax and enable connectivity between traditional telephone networks and packet networks. Its communication boards and modules for communication system products are integrated into third-party communications systems and deployed on both access networks and enterprise networks. The Company’s communications boards are designed to operate in gateways connecting the circuit-switched telephone network to packet networks based on Internet protocols. The Company’s processor chips compress and decompress voice, data and fax communications. Its chips are digital signal processors on which it has embedded its algorithms. The IPmedia boards provide voice and fax processing capabilities. The SmartWORKS family of products is its voice and data logging hardware integration board product line. Sales of technology products accounted for approximately 19% of its revenues in 2012.

The Company competes with Cisco Systems, Inc., Mediatrix Telecom, Inc., Vega Stream Limited, Innovaphone AG, Net, Tainet Communication System Corp., D-Link Systems, Inc.,Patton, Sangoma, Dialogic and Edgewater, Patton, Sangoma, Dialogic, Edgewater, Nokia-Siemens, Huawei and from Cisco, Dialogic, Genband, Sonus Networks, NET (acquired by Sonus Networks), Ferrari, Juniper, Adtran, One Access, Patton, Huawei, HP/3Com, Alcatel, ACME Packet, SIPera (acquired by Avaya), Ingate, Broadcom, Octasic, Mindspeed, Polycom, HP, Yaelink SNOM, Avaya, Alcatel-Lucent, Siemens, Aastra and NEC.

Company Address

Audiocodes Ltd

1 Hayarden Street, Airport City
LOD     70151
P: +9723.9764000
F: +9723.9764040

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