net2phone Named a UCaaS Growth and Innovation Leader by Frost & Sullivan

Frost Radar™ Evaluation Focused on Innovation and Growth as Defining Metrics

Newark, NJ– August 30, 2022: net2phone, a leading cloud communications provider,
today announced that it has been identified as a growth and innovation leader by Frost &
Sullivan, the business technology consulting firm, and achieved the top quadrant of the
Frost RadarTM: Unified Communications as a Service Market in Latin America and the
Caribbean, 2022 report.

The Frost Radar™ reports are based on an in-depth analysis of leading industry players
built on a 360-degree research methodology. The Frost Radar™ is a proprietary
analytical tool to evaluate companies across two key indices: their focus on continuous
innovation and their ability to translate their innovations into consistent growth. The
Frost Radar™ recognizes industry leaders and provides insights into their innovative
offerings, competitive advantages, projected growth rates, and business outlook.

The Frost Radar™ report noted, “Frost & Sullivan regards net2phone as one of the
fastest-growing UCaaS providers in the region, holding a top position in terms of market
share. The company has built a highly diversified client portfolio... established solid
penetration in several industries and a large partner ecosystem, consisting of hundreds of
agents and channel partners, providing the capability to sustain a strong growth pipeline.”

Discussing net2phone’s high marks on innovation, Frost & Sullivan’s Information &
Communication Technologies Industry Director, Alaa Saayed, noted, “The company
continually adds new features into its solutions... and has centralized development teams
that collaborate with regional engineers to tailor projects for large customers.”

“It’s always gratifying when a respected voice in our industry like Frost & Sullivan
recognizes the value of our innovative solutions and commitment to client service,” said
Jonah Fink, President of net2phone. “In this case, I’m particularly pleased that our focus and capabilities align with the strategic growth opportunities Frost & Sullivan identifies in the cloud communications market.”

Fink concluded, “We are very focused on enabling a hybrid and remote workforce,
meeting the booming demand for contact-center-as-a-service solutions, and providing
collaboration-centric solutions. In each of these three areas, net2phone is well positioned
to accelerate its growth across the region.”

About net2phone:

net2phone’s cloud communications and contact center solutions help businesses around
the globe succeed through smarter conversations. net2phone is a subsidiary of IDT Corporation (NYSE: IDT).  To learn more, please visit net2phone.com or connect
on LinkedIn.

net2phone Media Contact:

Denise D'Arienzo
VP of Marketing & Sales Operations
Email: denise.darienzo@net2phone.com