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AudioCodes Ltd.
AudioCodes sells voice networking hardware and software that helps businesses connect phone calls to modern internet-based systems and contact centers.
AudioCodes makes the plumbing that lets old-fashioned phone calls travel over the internet. If your company still has desk phones, a call center, or a phone system that connects to Microsoft Teams, there is a decent chance AudioCodes gear sits somewhere in the middle, translating between the traditional phone network and the modern software world. It sells to both enterprises—businesses setting up their own voice systems—and service providers, the telecom companies that resell those systems to others.
The core of the business is making phone calls work on modern networks. That means physical devices like media gateways and session border controllers—boxes that sit between a company's phone system and the outside world—alongside software that manages calls and connects them to applications. Increasingly, AudioCodes bundles its own contact center software and conversational AI tools, such as call recording, voice analytics, and bots that can handle customer calls, into the mix. The pitch to customers is simple: keep your existing phone setup working while adding the newer stuff, without ripping everything out and starting over. The most important relationship in the story is with Microsoft. AudioCodes built a large business around making Microsoft Teams work as a full phone system, selling devices and software that let companies make and receive real phone calls through Teams. That partnership gave AudioCodes a front-row seat as businesses moved their calling into the cloud, and it remains a key driver of demand. Competition is real, though—rivals like Cisco and a crowd of smaller voice-software vendors want the same customers, and the hardware side of the business is not a high-margin place to be.
The financial picture is that of a small, steady company rather than a rocket ship. Revenue has hovered in the range of a couple hundred million dollars a year, and the company has worked to shift its mix toward higher-margin software and services as the pure hardware business matures. AudioCodes is headquartered in Israel, which puts it at the center of a dense cluster of telecom and networking technology talent. It pays a dividend and has bought back shares over time, returning cash to investors rather than pouring everything into expansion—a sensible stance for a company in a slow-growing, competitive niche. The bet going forward is that voice, contact centers, and AI-powered call handling keep pulling businesses toward its products, even as the old hardware business gradually shrinks.
Saved answer · last researched 15 Nov 2026