LOD, ISRAEL and GAITHERSBURG, MD--(Marketwired - Feb 10, 2014) - AudioCodes (NASDAQ: AUDC), a leading provider of converged voice solutions that enable enterprises and service providers to transition to all-IP voice networks, and BroadSoft, Inc. (NASDAQ: BSFT), the leading global provider of software that enables mobile, fixed-line and cable service providers to deliver real-time communications over their IP networks, today announced that the two companies are collaborating on One Voice for Hosted Services, a program designed to help service providers accelerate time to revenue for their hosted communications services.
One Voice for Hosted Services combines the power of BroadSoft's unified communications services with AudioCodes' innovative IP phones, SMB routers, SBCs, ATAs and Gateways to provide an integrated, zero touch provisioning, low total cost of ownership (TCO) option for enterprise customers. This single platform addresses the needs of all business types.
BroadSoft's Chief Executive Officer, Michael Tessler, and AudioCodes Chief Executive Officer, Shabtai Adlersberg, together will introduce the benefits of One Voice for Hosted Services at the Skyloft Sheraton Airport hotel in Frankfurt, Germany on 19 February 2014. During the event, they will share their views on the competitive enterprise communication landscape and how this new program can provide greater value and accelerate the growth of a service provider's hosted unified communications offers.
"We are committed to continuing to innovate on behalf of our service provider customers to ensure the rapid adoption of their hosted unified communications services," said Michael Tessler, chief executive officer, BroadSoft. "We are excited to extend our collaboration with AudioCodes to offer a comprehensive, cost effective solution that will enable our customers to meet the needs of their enterprise customers, while speeding their time to revenue."
"After many years of successful cooperation with BroadSoft, we are very pleased to take our relationship to the next level with the One Voice for Hosted Services program," said Shabtai Adlersberg, CEO of AudioCodes. "AudioCodes prides itself in having the most interoperable platforms on the market and a complete suite of connectivity solutions - from IP Phones and Gateways, to SMB routers and Session Border Controllers. This allows us to package a 'One Voice' offering that removes the complexity of multiple vendors and reduces TCO, making it highly attractive for BroadSoft's customers."
"In today's increasingly competitive environment and facing challenges from so-called Over-the-Top (OTT) applications impacting their businesses, service providers need to respond by bringing their own disruptive solutions to the market," said Dean Bubley, Founder and Director of Disruptive Analysis, who will be presenting a keynote address at the joint kickoff event in Frankfurt. "Service providers need to find and exploit new revenue sources, despite the emerging profile of Internet players. Approaches such as the collaboration between BroadSoft and AudioCodes push towards removing complexity, reducing TCO and enabling service providers to bring new services into the market faster and easier -- or even in an OTT model themselves."
BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company's core communications platform enables the delivery of a range of enterprise and consumer calling, messaging and collaboration communication services, including private branch exchanges, video calling, text messaging and converged mobile and fixed-line services.
Forward Looking Statements (BroadSoft)
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of terms and phrases such as "will" and "enable" and other similar terms and phrases and include, among others, statements regarding the benefits to customers of BroadSoft from using the One Voice for Hosted Services program. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to, the success and customer adoption of the One Voice for Hosted Services program and the resulting financial and other benefits to BroadSoft, as well as those factors contained in the "Risk Factors" sections of the Company's Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission, or SEC, on February 27, 2013, and in BroadSoft's other filings with the SEC. All information in this release is as of February 10, 2014. Except as required by law, BroadSoft undertakes no obligation to update publicly any forward-looking statement made herein for any reason to conform the statement to actual results or changes in its expectations.
AudioCodes Ltd. (NASDAQ: AUDC) designs, develops and sells advanced Voice-over-IP (VoIP) and converged VoIP and Data networking products and applications to Service Providers and Enterprises. AudioCodes is a VoIP technology market leader focused on converged VoIP and data communications and its products are deployed globally in Broadband, Mobile, Enterprise networks and Cable. The Company provides a range of innovative, cost-effective products including Media Gateways, Multi-Service Business Routers, Session Border Controllers (SBC), Residential Gateways, IP Phones, Media Servers, Value Added Applications and Professional Services. AudioCodes' underlying technology, VoIPerfectHD™, relies on AudioCodes' leadership in DSP, voice coding and voice processing technologies. AudioCodes' High Definition (HD) VoIP technologies and products provide enhanced intelligibility and a better end user communication experience in Voice communications. For more information on AudioCodes, visit http://www.audiocodes.com.
Forward Looking Statements (AudioCodes)
Statements concerning AudioCodes' business outlook or future economic performance; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements'' as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades and the ability to manage changes in market conditions as needed; possible need for additional financing; the ability to satisfy covenants in the Company's loan agreements; possible disruptions from acquisitions; the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; and other factors detailed in AudioCodes' filings with the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update the information in this release.