AudioCodes announced that that it has received Israeli court approval to repurchase up to an additional $20M of its Ordinary Shares, NIS 0.01 nominal value. The share repurchases will be funded from available working capital. The court approval also permits the Company to declare a dividend of any part of the Permitted Amount during the approved validity period. The most recent court approval for share repurchases expired on May 27, 2018 and the new approval is valid through December 14, 2018.
AudioCodes announced that Fuze, the leading cloud-based communications platform provider, has selected AudioCodes products and solutions for deployment at its customers' locations. AudioCodes Mediant hybrid session border controllers and MediaPack analog gateways provide essential voice connectivity with the PSTN and legacy voice equipment which has enabled Fuze to expand its offering to markets with unique connectivity requirements for customers with large geographic footprints.
AudioCodes (AUDC) announced that its One Voice portfolio of products and solution has been selected by Sunrise Communications, a leading service provider and system integrator in Switzerland. Sunrise, an AudioCodes platinum status channel partner, is deploying AudioCodes' solutions to deliver robust and cost-effective voice infrastructure for business customers using Microsoft (MSFT) Skype for Business unified communications. Sunrise offers its customers Microsoft unified communications both as an on-premises and a cloud-based solution (in conjunction with Skype for Business Online). Fully aligned with Microsoft's current and future voice strategies, AudioCodes solutions are suitable for both scenarios.