AudioCodes launches AI meeting room solution

OR YEHUDA, Israel - AudioCodes (NASDAQ: AUDC), a provider of advanced voice networking and media processing solutions for the digital workplace generating annual revenues of $244 million with a robust 65% gross margin, has announced the release of their Intelligent Meeting Room. This new offering aims to enhance hybrid meetings by integrating artificial intelligence (AI) for automatic meeting summaries and intelligent video capabilities. According to InvestingPro analysis, the company is currently trading at an attractive valuation multiple relative to its revenue.

The Intelligent Meeting Room leverages AI to automatically generate and share meeting summaries, thus allowing participants to concentrate on discussions without the distraction of taking notes. The summaries are created through AudioCodes' Meeting Insights technology which is integrated with their RXV series of meeting room devices.

In addition to summarization, the solution also boasts advanced visual AI capabilities, including face detection and speaker tracking, provided by the RXV series devices and cameras. These features are designed to deliver a seamless and immersive meeting experience for both in-person and remote attendees.

Nati David, VP of IP Phone Solutions and Devices Business Line at AudioCodes, stated, "Our Intelligent Meeting Room solution addresses these issues head-on by integrating advanced AI capabilities for automatic meeting summaries and intelligent video. This not only enhances the overall experience but also fosters meeting equity, ensuring that both on-site and remote participants can engage fully and effectively, ultimately driving productivity and innovation."

The solution's demonstration is scheduled to take place at ISE 2025, an event in Barcelona, from February 4-7, 2025.

AudioCodes is known for its voice, contact center, and conversational AI applications and services for enterprises. The company's portfolio includes a range of cloud-native applications, advanced voice AI technologies, and communication solutions tailored for the modern digital workplace. AudioCodes' products and solutions are trusted by Fortune 500 companies and service providers across the globe. With an EBITDA of $23.7 million in the last twelve months, the company maintains a solid financial foundation. InvestingPro subscribers can access 10+ additional exclusive insights about AudioCodes' financial health and growth potential.

This news is based on a press release statement and includes forward-looking statements subject to risks and uncertainties. AudioCodes has cautioned that actual results could differ materially from those stated due to various factors. Investors seeking detailed analysis can find comprehensive financial metrics and valuation models on InvestingPro, including Fair Value estimates and growth projections.

This news is based on a press release statement and includes forward-looking statements subject to risks and uncertainties. AudioCodes has cautioned that actual results could differ materially from those stated due to various factors.

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