Board of trustees of AudioCodes Ltd. (NASDAQ: AUDC) has approved a program to repurchase up to an additional USD15 million of its ordinary shares, the company said.
This follows the company´s most recent repurchase program pursuant to which AudioCodes repurchased USD15 million of its ordinary shares. As of August 28, 2016, the company said it had approximately 33.1 million ordinary shares outstanding.
AudioCodes provides voice networking solutions that enable enterprises and service providers to transition to all-IP voice networks. The company focuses on converged VoIP and data communications.