Deltathree Inc. is an American company engaged in the business of
voice over IP
Voice over Internet Protocol (VoIP), also known as IP telephony, is a set of technologies used primarily for voice communication sessions over Internet Protocol (IP) networks, such as the Internet. VoIP enables voice calls to be transmitted as ...
telephony services. The company was one of the first in the world to offer a
telephony
Telephony ( ) is the field of technology involving the development, application, and deployment of telecommunications services for the purpose of electronic transmission of voice, fax, or data, between distant parties. The history of telephony is ...
service over the internet, reducing the cost of international calls by over 90 percent.
Users can either use the free softdialer product and make calls through their computer, or sign up for the broadband phone service and receive an
Analog Telephony Adapter (ATA) or the linksys PAP2 device. Both devices allows users to plug a standard phone into their internet connection and make calls independent of the PC.
History
Deltathree was founded in 1996 by Dmitry Goroshevsky, Sophia Babkove, , Elie Wurtman and Jacob Ner David to develop an Internet-based international low cost calling service using
VoIP
Voice over Internet Protocol (VoIP), also known as IP telephony, is a set of technologies used primarily for voice communication sessions over Internet Protocol (IP) networks, such as the Internet. VoIP enables voice calls to be transmitted as ...
technology, and a "PC to Phone" solution, using a technology developed by Israeli company
VocalTec Communications.
[Delta Three Inc. Enables PC-To-Phone Calls Worldwide; Delta Three(TM) Joins VocalTec's NextGen Telephony Program, Providing Service to Over 200 Countries Worldwide](_blank)
PR Newswire Aug 18, 1997 RSL Communications, an investment firm owned by
Ronald Lauder
Ronald Steven Lauder (born February 26, 1944) is an American businessman and pro-Israel political activist. He and his brother, Leonard Lauder, are the sole heirs to the Estée Lauder Companies, Estée Lauder cosmetics company, founded by their ...
, acquired a majority stake in Deltathree the following year,
before the company listed on the
NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
stock exchange in November 1999.
Elie Wurtman served as CEO from the company's founding until the November 1999 IPO. During that time, Wurtman completed the first historic transcontinental phone-to-phone VoIP call with FCC Chairman Reed Hundt. In 2001, RSL Communications sold its stake in the company to billionaire entrepreneur
Yitzhak Tshuva
Yitzhak Tshuva (; born July 7, 1948) is an Israeli billionaire businessman. He is the founder of El-Ad Group, a real estate development and holding company, which owned the New York Plaza Hotel. He also owns the Israeli conglomerate Delek Group ...
who later sold his shares at a profit.
In 2001, the original company founders left to start a new company, CrossOptix, that developed ultra-high speed optical interconnect solutions; Noam Bardin was appointed as CEO, Bardin left in 2007 and later become CEO of popular GPS application
Waze
Waze Mobile Ltd, (; ) doing business as Waze (), formerly FreeMap Israel, is a subsidiary company of Google that provides satellite navigation software on smartphones and other computers that support the Global Positioning System (GPS). In ad ...
.
The company's shares were
delisted
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions.
...
by NASDAQ in March 2008 after falling below $1, forcing Deltathree stock to trade through the
OTC Bulletin Board
The OTC (Over-The-Counter) Bulletin Board or OTCBB was a United States Financial quote, quotation medium operated by the Financial Industry Regulatory Authority (FINRA) for its subscribing members. FINRA closed the OTCBB on November 8, 2021.
The ...
.
In December 2009, Deltathree announced that it had sold a majority stake (54.3%) to Australian company D4 Holdings for $1.17 million in cash. Under the agreement D4 also has the right to pick up an additional 30 million shares at 4 cents a share for the next ten years.
Operations
Deltathree's research and development facility, and operational center is based at the
Jerusalem Technology Park.
Delta Three Israel Ltd - Company Profile
Bloomberg
References
Further reading
*
*
{{Refend
External links
* ttp://www.deltathree.com/ deltathree website
finance.yahoo.com/q?s=DDDC
finance.google.com/finance?q=NASDAQ%3ADDDC
Telecommunications companies of the United States
VoIP companies of the United States
Companies based in New York City
Software companies of Israel
Companies based in Jerusalem