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VocalTec
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 continues to be a leading VoIP company, with major customers such as Deutsche Telekom, Telecom Italia and many others. ==History== According to VocalTec's S1 Prospectus, The company commenced operations in 1989 and its initial operations were devoted to research and commercialization of products which provide audio and voice capabilities for personal computers and over computer networks. 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, and VocalChat LAN/WAN, hardware and software products that enable real-time voice conversations over local and wide area computer networks. 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.〔(【引用サイトリンク】url=https://commons.wikimedia.org/wiki/File:VocalTec_S-1_Page.jpg )〕 In early 1993 the company partnered with ClassX, a group of innovative teenagers, some were during their army service at renowned Unit 8200. According to Opher Kahane, one of ClassX co-founders, "Few people know that, while VocalTec may have developed voice boards for PCs, it was ClassX that developed the technology that makes VoIP transmission possible." ClassX was acquired by VocalTec in 1993 and its core team developed the first VocalChat product and later on the first Internet Phone, a modified version of VocalChat. VocalTec released the first ever Internet VoIP program in February 1995. The product was named Internet Phone but according to Wired magazing many people simply called it iPhone.〔 The company had an IPO on the NASDAQ in 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.
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