magicJack Vocaltec

Voice over IP

Acquired (Inactive) by B. Riley Financial (NASDAQ:RILY) on Mar 2018 - ceased to operate

Company Overview

Snapshot

Founded in March 1989, magicJack Vocaltec operates with 11–50 employees. The company has undergone 3 public offerings and was acquired by B. Riley Financial in March 2018.

Business overview

magicJack Vocaltec is a telecommunications company specializing in Voice over IP (VoIP) technology. As an inventor in the VoIP space, the company owns significant wireline-based telecom assets in the United States, alongside proprietary softphone, softswitch, session border controller, app server, and chip technologies. This integrated approach allows magicJack Vocaltec to offer its services, including products like magicJackGO and magicApp, to consumers and businesses globally, leveraging its own wireless telecom networks and connections to cable and phone companies.

Strategic signal

In March 2018, magicJack Vocaltec was acquired by B. Riley Financial. This acquisition marked a significant transition for the company, integrating its VoIP technology and telecommunications assets into a larger financial services and diversified business platform, signaling a strategic shift from an independent operating entity to a subsidiary within a broader corporate structure.

Company Intelligence Q&A

What is magicJack Vocaltec's primary business?
magicJack Vocaltec is a telecommunications company that invented Voice over IP (VoIP) technology and operates one of the largest wireline-based telecom companies in the United States.
When was magicJack Vocaltec acquired?
magicJack Vocaltec was acquired by B. Riley Financial in March 2018.
What products does magicJack Vocaltec offer?
magicJack Vocaltec offers products such as magicJackGO, magicApp, and magicJackEXPRESS, leveraging its proprietary VoIP technology.
When did VocalTec shares return to the Nasdaq National Market?
In July 2003, VocalTec shares returned to the Nasdaq National Market.
What was a significant event for VocalTec in July 2010?
In July 2010, VocalTec experienced a significant surge in its stock price following its merger with YMAX.

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