IDT Corporation - Company Research Report

Company Overview

General Information

• Name: IDT Corporation

• Mission: The company is dedicated to helping families and friends share and stay connected across borders while providing businesses with innovative solutions for interaction with consumers.

• Founding: IDT Corporation was founded in 1990 by Howard Jonas.

• Headquarters: 520 Broad Street, Newark, New Jersey, 07102, USA

• Number of Employees: Over 1,700 professionals across six continents.

• Revenue: $1.4 billion annually.

• Known For: IDT Corporation is known for pioneering technologies and services that facilitate easier and affordable communication. It is a global leader in providing innovative communications and payment services.

Key People

• Howard S. Jonas: Chairman of the Board

• Shmuel (Samuel) Jonas: Chief Executive Officer

• Bill Pereira: President & Chief Operating Officer

• Marcelo Fischer: Chief Financial Officer

• David Wartell: Chief Technology Officer

• Joyce Mason: Executive Vice President and General Counsel

• Nadine Shea: EVP Global Head of Human Resources

Products

Overview

IDT Corporation offers a diverse range of products primarily in telecom services and fintech solutions that serve both consumer and business markets.

Specific Products

BOSS Revolution

• Description: A platform enabling low-cost international calls, mobile top-ups, and money transfers. Accessible via web, apps or retail locations.

• Key Features:

• International calling without the need for internet connections.

• Worldwide mobile top-up capabilities.

• Money transfer services with a large network of cash pick-up locations.

NRS POS System and Payment Processing

• Description: Provides point-of-sale solutions for retail businesses.

• Key Features:

• Award-winning store management technology.

• Integrated with NRS Pay for payment processing.

• Loyalty programs to enhance customer engagement.

net2phone

• Description: A unified communications service offering cloud-based PBX, CCaaS, SIP Trunking.

• Key Features:

• Wide array of communication options via voice, text, and web chat.

• Integration with platform giants like Microsoft Teams.

• Comprehensive analytics for business communications.

IDT Express

• Description: Offers global Voice & DIDs services with an emphasis on UCaaS, CPaaS, and CCaaS segments.

• Key Features:

• Self-service portal for easy management.

• Competitive VoIP connectivity pricing.

• Customizable termination quality.

Recent Developments

Recent Achievements and Launches

• 2024: NRS achieved a milestone with more than 30,000 terminals in its point-of-sale network.

• 2022: Acquisition of Integra CCS enhanced net2phone's CCaaS offerings.

• 2020: Introduction of the Huddle video conferencing solution.

Innovations

• net2phone improved integration with platforms such as Salesforce and Zoho.

• Continuous expansion and enhancement of the BOSS Revolution platform, including a user-friendly app for seamless service delivery.

Partnerships

• The company has established strategic alliances with hundreds of leading global brands to enhance its service delivery network.

Conclusion

IDT Corporation has continued to expand its global reach and enhance its product offerings, leveraging decades of expertise in communications and payment services. With a solid leadership team and strategic innovations, the company is well-positioned to maintain its role as a market leader in international communications and financial technology solutions.