Potential VOIP Investments: Part II

Here we continue our culling exercise of potential VOIP investments. See Part 1 for further info.

ArtDio Intelligent Communications

ArtDio is a private company based out of Taiwan. They began developing VoIP products in 2002 and were active in audio/video accessories and home theatre products before this under the name of KINYO. They develop IP phones and VOIP gateways. It looks like they're a small company from first impressions. We'll add this company to the list for a further look.

AudioCodes

AudioCodes was founded in 1993 and is based in Israel. They have about 450 employees and are a public company listed on NASDAQ. See their stock chart at AUDC. Their products include voice over packet processors, media gateway modules, VoIP and VoATM communication boards, voice services and contact center solutions, analog media gateways, digital media gateways, IPmedia boards and media gateways, IPmedia media servers, and SmartWORKS voice and data hardware integration boards. This one goes on the shortlist for further analysis.

Avaya

Avaya is headquartered in New Jersey and was previously part of Lucent. They changed their name in 2000. They are a large and successful company employing about 15,000 people. Their market cap as I write this is 4.6 billion, and their Price/Sales ratio is less than 1. See their one year stock chart at AV. According to Infonetics Research, Avaya is the leader in North American IP PBX revenue market share, followed by Cisco, Nortel and Mitel. This company will also get on our shortlist. (Are we going to have too many companies on our short list?)

Azatel

Azatel looks to be a small private company located in Vancouver, Canada. They develop media terminal adapters, soft switches, session controllers, H.323 to SIP internetworking, OSP and IPTV/Video on Demand solutions. Azatel also goes on the short list. (Yes, it's looking like its going to be a long short list.)

Brooktrout Technology

Brooktrout Technology is a subsidiary of Brooktrout Inc. which is listed on NASDAQ. See their one year chart at BRKT. As I write this the stock has a market cap of $120 million. Their annual revenues last year were $80 million. They made a strategic VoIP acquisition last year with the $10 million dollar purchase of SnowShore. We'll add them to the short list for further study.

Update: Brooktrout no longer exists as an independent entity. They were acquired in late August by Excel Switching Corp.

Continued in Part III