History
VocalTec released the first ever Internet VoIP program in February 1995. The company had an IPO on the NASDAQ during 1996 and in 1997 Europe's largest telecommunications company, Deutsche Telekom, bought a 21.1 percent stake in VocalTec for $48.3 million, in addition to purchasing $30 million in telephony products, services, and support over the following two-and-a-half years.
During the Dot-com bubble the company’s share peaked at a price of $3363 per share on March 3, 2000 (split adjusted).
In 2005, completed a business combination with Tdsoft, a provider of VoIP Gateways.
Today VocalTec specializes in providing carrier-class multimedia and voice-over-IP solutions for communication service providers. The company provides the Essentra solution suite that comprises the essential building blocks required to develop a next-generation-network, addressing customers’ specific requirements in trunking, peering and residential/enterprise VoIP application solutions.
On July 16, 2010, MagicJack took over VocalTec in a reverse takeover.
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