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Technology Stocks : audiocodes ltd. (AUDC)

AUDC 9.660

+3.6%

Nov 5 3:59 PM EST

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From: JakeStraw	2/17/2011 9:01:30 AM
	of 229

AudioCodes and TDAzlan Address the Growing UK Unified Communications Market finance.yahoo.com The Partnership Set to Provide Enabling Solutions for UC and Support the Rapid Migration From Legacy Telephony to New IP Based Systems LOD, Israel, Feb. 17, 2011 (GLOBE NEWSWIRE) -- AudioCodes (Nasdaq:AUDC), a leading provider of Voice over IP (VoIP) technologies and Voice Network products and TDAzlan, the enterprise division of Computer 2000 (Tech Data), today announced that they have signed a distribution agreement to provide AudioCodes products and solutions for the growing Unified Communications (UC) market in the UK and Ireland. Synergy's most recent Enterprise Voice report forecasts global revenue growth rates of up to 6.6 percent annually in the coming years with the overall UC market growing to $11.6 billion by 2015. According to Datamonitor, the Unified Communications market in the UK is expected to grow at a compound annual growth rate (CAGR) of 9 percent between 2011 and 2013, focused mainly in the financial market, followed by energy and utilities verticals. As growth in UC spending is set to continue, the joint agreement will enable AudioCodes and TDAzlan to expand their product offering and network base.

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