VocalTec
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| Public | |
| Traded as | (NASDAQ: CALL) |
| Industry | Telecommunications |
| Founded | 1989 |
| Founder |
Alon Cohen Lior Haramaty |
| Headquarters | West Palm Beach, Florida, Netanya, Israel |
|
Key people
|
Daniel Borislow, CEO |
| Products | VoIP Solutions Provider |
| Revenue |
 US$ 158.36 million (2012) |
|
US$ 43.56 million (2012) |
|
| Profit |
US$ 55.85 million (2012) |
| Total assets |
US$ 194.23 million (2012) |
| Total equity |
US$ 49.09 million (2012) |
| Subsidiaries | magicJack |
| Website | vocaltec |
|
Footnotes / references [1] |
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VocalTec Communications Inc. is an Israeli telecom equipment provider. The company was founded in 1989 by Alon Cohen and Lior Haramaty, who patented the first Voice over IP audio transceiver. VocalTec was a leading VoIP company having supplied major customers such as Deutsche Telekom, Telecom Italia and many others.,
VocalTec was founded in 1989 by Alon Cohen and Lior Haramaty, its initial operations were devoted to research and commercialization of products which provide audio and voice capabilities for personal computers and over computer networks. Cohen and Haramaty developed and manufactured a PC sound card (SpeechBoard TM) that was sold mainly to the local visually impaired community in Israel with a unique Text to Speech software enabling blind people to use a computer in the Hebrew language. In 1990, technology entrepreneur Elon Ganor joined the company as CEO and Chairman,
In 1993, the Company introduced its first commercial product, The CAT, a peripheral device which provides audio capability for personal computers. In 1993 and 1994, the Company introduced additional products, including CATBoard, a full duplex audio card, an internal audio card that provides high level compression. Net sales of these products totaled approximately $0.3 million, $0.4 Million and $0.2 Million in 1993, 1994 and the first nine months of 1995, respectively, and the Company did not expect to recognize significant revenues from sales of these products in the future.
Ganor decided to shift the company's focus to software, and in 1993 VocalChat was born, a software that enabled voice communication from one PC to another on a local and wide area network, and VocalChat LAN/WAN, a hardware and software products that enable real-time voice conversations over local and wide area computer networks. The software was developed by a group of developers including Ofer Kahana (later the founder of Kagoor Networks that was sold to Juniper Networks), Elad Sion (Served in Israel TOP 8200 Intelligence army unit, died young in a car accident), Ofer Shem Tov (A software developer in Israel) and others. The software was presented in Atlanta in May 1993 at the Network InterOp trade show. In 1994 support for Internet Protocol was added and on Friday, February 10, 1995 “Internet Phone“ was launched with a near full page Wall Street Journal article by WSJ Boston Correspondent Bill Bulkeley, “Hello World! Audible chats On the Internet” was the header.
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