AudioCodes Reported as Fastest Growing Enterprise SBC YoY in 1Q20 by Omdia

Rhea-AI Summary

AudioCodes (NASDAQ: AUDC) reported a significant achievement in Omdia's Q1 2020 report, with a 24% year-over-year growth in session border controller (SBC) revenues, making it the fastest-growing vendor in the market. The company holds a 17% market share among SBC vendors, ranking second overall. AudioCodes’ SBC solutions are essential for Microsoft Teams Direct Routing, all-IP migration, and secure remote work.
This growth reflects increasing demand for AudioCodes' products in the evolving digital workplace.

Positive

• 24% year-over-year growth in SBC revenues in Q1 2020.
• Ranked second among enterprise SBC vendors with 17% market share.

Negative

• None.

LOD, Israel, June 24, 2020 /PRNewswire/ --

Highlights

• Omdia's report Enterprise SBCs and VoIP Gateways Quarterly Market Tracker: Q1 2020 reports that AudioCodes experienced a 24% year over year growth in SBC revenues in Q1 2020, more than any of the other vendors covered in the report during the quarter
• AudioCodes ranked second among enterprise SBC vendors in the report with 17% overall revenue market share
• AudioCodes Mediant SBCs deliver seamless voice connectivity for Microsoft Teams Direct Routing, bring-your-own-carrier (BYOC) and work-at-home solutions, service provider all-IP migration, WebRTC and cloud real-time communications
• Mediant SBCs are certified for use with leading unified communications (UC) and contact center (CC) solutions, as well as SIP trunk services worldwide
• AudioCodes Mediant family includes virtualized and cloud-native SBCs suitable for deployment in public and private clouds, as well as hardware appliances for customers looking for on-premises integration

Details

AudioCodes (NASDAQ: AUDC), a leading vendor of advanced communications software, products and productivity solutions for the digital workplace, today announced that year-on-year (YoY) growth in revenues from its enterprise session border controllers (SBC) solutions in Q1 2020 compared to Q1 2019 exceeded that of all other vendors covered in Omdia's report Enterprise SBCs and VoIP Gateways Quarterly Market Tracker: Q1 2020. According to the Omdia report, AudioCodes' SBC revenues grew 24% in Q1 2020 compared to Q1 2019.  

AudioCodes is ranked second among the SBC vendors covered in the report with 17% overall revenue market share during Q1 2020. 

Ideal for deployment in bring-your-own-carrier (BYOC) scenarios, all-IP migration, work-at-home solutions and cloud real-time communications, AudioCodes' Mediant SBCs are available as virtualized and cloud-native platforms (suitable for deployment in public and private cloud environments), as well as hardware appliances for customers looking for on-premises integration. Mediant SBCs are certified for use with SIP trunk providers worldwide and leading unified communications and contact center solutions. They offer security and broad interoperability with virtually any SIP-based voice platform or network.

Featuring an integrated WebRTC gateway, Mediant SBCs bring next-generation, high-quality browser-based communications to enterprises and contact centers, including advanced solutions for work-at-home.

"Our first quarter analysis shows that AudioCodes continues to demonstrate consistent growth in the enterprise SBC space," said Diane Myers, Chief Analyst, Enterprise Collaboration. "Today's digital economy calls for employees and contact center agents to work from the office or home while collaborating and communicating efficiently, the enterprise SBC is critical for facilitating secured, high quality and flexible real time collaboration."

"The excellent YoY growth in revenues from sales of our SBCs in Q1 2020 as reported by Omdia is a testament to the value our SBCs offer our worldwide customer base," said Yehuda Herscovici, VP Product at AudioCodes. "The solid demand for our SBCs during Q1 2020 stems from their popularity in emerging areas such as Microsoft Teams, all-IP migration and facilitating secure voice communications for work-at-home employees and contact center agents."  

Follow AudioCodes' social media channels:
AudioCodes invites you to join our online community and follow us on: AudioCodes Voice Blog, LinkedIn, Twitter, Facebook, and YouTube.

About AudioCodes
AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of advanced communications software, products and productivity solutions for the digital workplace. AudioCodes enables enterprises and service providers to build and operate all-IP voice networks for unified communications, contact centers, and hosted business services. AudioCodes offers a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.

For more information on AudioCodes, visit http://www.audiocodes.com.

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; possible adverse impact of the COVID-19 pandemic on our business and results of operations; 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.

©2020 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom, AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room Experience and CloudBond are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

Company Contact
Shirley Nakar - Orgad
Director, Investor Relations
AudioCodes
Tel: +972-3-976-4000
shirley@audiocodes.com  

IR Agency Contact
Brett Maas, Managing Partner
Hayden IR
Tel: +1-646-536-7331
Brett@haydenir.com  

View original content:http://www.prnewswire.com/news-releases/audiocodes-reported-as-fastest-growing-enterprise-sbc-yoy-in-1q20-by-omdia-301082827.html

SOURCE AudioCodes

FAQ

What was AudioCodes' revenue growth in Q1 2020?

AudioCodes experienced a 24% year-over-year growth in session border controller revenues in Q1 2020.

How does AudioCodes rank among SBC vendors?

AudioCodes ranks second among enterprise SBC vendors with a 17% overall revenue market share.

What does the Omdia report say about AudioCodes?

The Omdia report indicates that AudioCodes had the highest year-over-year growth in SBC revenues for Q1 2020.

What are the applications for AudioCodes' SBC solutions?

AudioCodes' SBC solutions are used for Microsoft Teams Direct Routing, all-IP migration, and work-at-home solutions.

What market does AudioCodes serve?

AudioCodes serves the digital workplace, focusing on unified communications, contact centers, and hosted business services.