AUDIOCODES Business Summary

AudioCodes Ltd. (AUDC) is a global leader in advanced communications software and VoiceAI solutions, primarily generating revenue through a hybrid model of hardware sales, software licensing, and high-growth subscription-based managed services. The company operates through three core segments: Enterprise Voice, which focuses on Microsoft Teams and Zoom Phone integrations; VoiceAI, encompassing conversational AI, recording, and analytics; and Service Provider, providing infrastructure for carrier-grade VoIP networks. As of early 2026, the company has successfully pivoted toward a recurring revenue model, with its "AudioCodes Live" managed services and AI-driven Annual Recurring Revenue (ARR) reaching $79 million in 2025. In the competitive landscape, AudioCodes contends with Ribbon Communications, Cisco Systems, and Five9, maintaining a dominant market position as a premier Microsoft Teams Phone partner with a specialized focus on high-performance session border controllers (SBCs) and AI-enabled voice applications. Founded in 1993 by Shabtai Adlersberg and Leon Bialik, the company is led by Adlersberg, who serves as President and CEO and brings a distinguished pedigree as the former co-founder of DSP Group. The executive leadership team includes Niran Baruch as Chief Financial Officer, Ofer Nimtsovich as Chief Operating Officer, and Lior Aldema as Executive VP and Chief Business Officer. The board of directors is chaired by Doron Nevo, an experienced tech executive who assumed the role in April 2025. AudioCodes is characterized by high insider alignment, with Adlersberg maintaining an approximate 17% equity stake, complemented by significant institutional backing from firms such as Senvest Management and Value Base Ltd. Following the resignation of director Shai Levy in February 2026, the board remains focused on scaling the company’s VoiceAI platform and expanding its cloud-native software footprint.