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net2phone Named a UCaaS Growth and Innovation Leader by Frost & Sullivan

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net2phone, a cloud communications provider and a subsidiary of IDT, has been recognized as a growth and innovation leader by Frost & Sullivan in the Frost Radar™: Unified Communications as a Service Market in Latin America and the Caribbean, 2022 report. The report praises net2phone for its strong market share, diverse client portfolio, and collaborative development model. President Jonah Fink expressed satisfaction with this recognition, emphasizing the company's focus on enhancing hybrid work environments and meeting the growing demand for contact-center solutions.

Positive
  • Recognized as a growth and innovation leader by Frost & Sullivan.
  • Achieved top position in the UCaaS market in Latin America and the Caribbean.
  • Strong market share and diversified client portfolio noted in the report.
  • Centralized development teams collaborate to tailor solutions for large clients.
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Frost Radar Evaluation Focused on Innovation and Growth as Defining Metrics

Newark, NJ, Aug. 31, 2022 (GLOBE NEWSWIRE) -- net2phone, a leading cloud communications provider, today announced that it has been identified as a growth and innovation leader by Frost & Sullivan, the business technology consulting firm, and achieved the top quadrant of the Frost RadarTM: Unified Communications as a Service Market in Latin America and the Caribbean, 2022 report.

The Frost Radarreports are based on an in-depth analysis of leading industry players built on a 360-degree research methodology. The Frost Radar is a proprietary analytical tool to evaluate companies across two key indices: their focus on continuous innovation and their ability to translate their innovations into consistent growth. The Frost Radar™ recognizes industry leaders and provides insights into their innovative offerings, competitive advantages, projected growth rates, and business outlook.

The Frost Radar report noted, “Frost & Sullivan regards net2phone as one of the fastest-growing UCaaS providers in the region, holding a top position in terms of market share. The company has built a highly diversified client portfolio… established solid penetration in several industries and a large partner ecosystem, consisting of hundreds of agents and channel partners, providing the capability to sustain a strong growth pipeline.”

Discussing net2phone’s high marks on innovation, Frost & Sullivan’s Information & Communication Technologies Industry Director, Alaa Saayed, noted, “The company continually adds new features into its solutions… and has centralized development teams that collaborate with regional engineers to tailor projects for large customers.”

“It’s always gratifying when a respected voice in our industry like Frost & Sullivan recognizes the value of our innovative solutions and commitment to client service,” said Jonah Fink, President of net2phone. “In this case, I’m particularly pleased that our focus and capabilities align with the strategic growth opportunities Frost & Sullivan identifies in the cloud communications market.”

Fink concluded, “We are very focused on enabling a hybrid and remote workforce, meeting the booming demand for contact-center-as-a-service solutions, and providing collaboration-centric solutions. In each of these three areas, net2phone is well positioned to accelerate its growth across the region.”

About net2phone:

net2phone’s cloud communications and contact center solutions help businesses around the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT). To learn more, please visit net2phone.com or connect on LinkedIn.

net2phone Media Contact:
Denise D'Arienzo
VP of Marketing & Sales Operations
Email: denise.darienzo@net2phone.com

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FAQ

What recognition did net2phone receive from Frost & Sullivan?

net2phone was recognized as a growth and innovation leader in the Frost Radar™ report for the Unified Communications as a Service market in Latin America and the Caribbean.

What is the significance of the Frost Radar™ report for IDT's subsidiary net2phone?

The Frost Radar™ report indicates that net2phone holds a top position in market share and is one of the fastest-growing UCaaS providers in the region.

How does net2phone plan to sustain its growth according to the press release?

net2phone plans to accelerate its growth by enabling hybrid work, meeting demand for contact-center solutions, and providing collaboration-centric services.

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