AudioCodes Ltd Announces Authorization of Share Repurchase Program

AudioCodes Ltd Announces Authorization of Share Repurchase Program

LOD, Israel, Aug. 7, 2014 (GLOBE NEWSWIRE) -- AudioCodes (Nasdaq:AUDC), a
leading provider of converged voice solutions that enable enterprises and
service providers to transition to all-IP voice networks, today announced that
its Board of Directors has approved a program to repurchase up to $3 million
of its Ordinary Shares, NIS 0.01 nominal value. As of July 31, 2014,
AudioCodes had approximately 43.3 million Ordinary Shares outstanding.

Shabtai Adlersberg, Chairman of the Board, President and Chief Executive
Officer of AudioCodes said: "This share repurchase program represents the
confidence we have in the Company and its long-term growth prospects, and is
consistent with management's goal of increasing shareholder value."

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. Such purchases will
be made in accordance with all applicable securities laws and regulations. For
all or a portion of the authorized repurchase amount, AudioCodes may enter
into a plan that is compliant with Rule 10b5-1 of the United States Securities
Exchange Act of 1934 that is designed to facilitate these purchases. The
repurchase program does not require AudioCodes to acquire a specific number of
shares, and may be suspended from time to time or discontinued.

The share repurchases will be funded from available working capital. Under
applicable Israeli law and based on current market prices, AudioCodes can
purchase up to approximately $3 million of its Ordinary Shares without further
approval. In addition, AudioCodes intends to apply to the competent court in
Israel for authorization to repurchase an additional amount of its Ordinary
Shares for an aggregate purchase price of between $10-15 million. AudioCodes
expects that the approval process will take approximately three months.

Except for historical information, the matters discussed in this press release
are forward-looking statements. The Company assumes no obligation to update
the information in this press release.

About AudioCodes

AudioCodes Ltd. (Nasdaq:AUDC) designs, develops and sells advanced
Voice-over-IP (VoIP) and converged VoIP and Data networking products and
applications to Service Providers and Enterprises. AudioCodes 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. The Company provides a range of innovative, cost-effective products
including Media Gateways, Multi-Service Business Routers, Session Border
Controllers (SBC), Residential Gateways, IP Phones, Media Servers, Value Added
Applications and Professional Services. AudioCodes' underlying technology,
VoIPerfectHD™, relies on AudioCodes' leadership in DSP, voice coding and voice
processing technologies. AudioCodes' High Definition (HD) VoIP technologies
and products provide enhanced intelligibility and a better end user
communication experience in Voice communications. For more information on
AudioCodes, visit http://www.audiocodes.com.

Statements concerning AudioCodes' business outlook or future economic
performance; product introductions and plans and objectives related thereto;
and statements concerning assumptions made or expectations as to any future
events, conditions, performance or other matters, are "forward-looking
statements'' as that term is defined under U.S. Federal securities laws.
Forward-looking statements are subject to various risks, uncertainties and
other factors that could cause actual results to differ materially from those
stated in such statements. These risks, uncertainties and factors include, but
are not limited to: the effect of global economic conditions in general and
conditions in AudioCodes' industry and target markets in particular; shifts in
supply and demand; market acceptance of new products and the demand for
existing products; the impact of competitive products and pricing on
AudioCodes' and its customers' products and markets; timely product and
technology development, upgrades and the ability to manage changes in market
conditions as needed; possible need for additional financing; the ability to
satisfy covenants in the Company's loan agreements; possible disruptions from
acquisitions; the ability of AudioCodes to successfully integrate the products
and operations of acquired companies into AudioCodes' business; and other
factors detailed in AudioCodes' filings with the U.S. Securities and Exchange
Commission. AudioCodes assumes no obligation to update the information in this
release.

©2014 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP
Sounds Better, IPmedia, Mediant, MediaPack, OSN, SmartTAP, VMAS, VoIPerfect,
VoIPerfectHD, Your Gateway To VoIP and 3GX are trademarks or registered
trademarks of AudioCodes Limited. All other products or trademarks are
property of their respective owners. Product specifications are subject to
change without notice.

CONTACT: Company Contacts
         Guy Avidan,
         VP Finance & CFO
         AudioCodes
         Tel: +972-3-976-4000
         guy.avidan@audiocodes.com
        
         Shirley Nakar,
         Director, Investor Relations
         AudioCodes
         Tel: +972-3-976-4000
         shirley@audiocodes.com
        
         IR Agency Contact
         Rob Fink / Chris Harrison
         KCSA Strategic Communications
         Tel: +1-212-896-1206
         Email: audc@kcsa.com
 
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