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    August 30, 2022

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

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

    net2phone UCaaS Growth and Innovation Leader by Frost & Sullivan

    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

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