AudioCodes gets OK for additional stock buyback

AudioCodes (NASDAQ: AUDC) has received court approval to repurchase up to an additional USD15 million of its ordinary shares, through october 7, 2016.

The share repurchases will be funded from available working capital.

Share purchases will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors.

AudioCodes designs, develops and sells advanced Voice-over-IP (VoIP) and converged VoIP and Data networking products and applications to Service Providers and Enterprises. The company is a VoIP technology market leader, focused on converged VoIP and data communications, and its products are deployed globally in broadband, mobile, enterprise networks and cable.