IDT Corporation

Detailed Description

IDT Corporation operates in the communications and payment industries in the United States and internationally. The company operates through three segments: Fintech; net2phone-UCaaS (Unified Communications as a Service); and Traditional Communications. The Fintech segment offers international money remittance and related value/payment transfer services under the BOSS Revolution brand name; national retail solutions, such as point of sale network providing payment processing, digital advertising, transaction data, and ancillary services under the NRS brand name. The net2phone-UCaaS segment provides net2phone-UCaaS, a cloud communications service for businesses; and cable telephony services under the net2phone brand name. The Traditional Communications segment, which include Mobile Top-Up, that enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts; BOSS Revolution Calling, an international long-distance calling service; Carrier Services, a wholesale provider of international voice and SMS termination, and outsourced traffic management solutions to telecoms; and net2phone-Platform Services, which offer telephony services to cable operators and others, as well as smaller communications and payments offerings. IDT Corporation was founded in 1990 and is headquartered in Newark, New Jersey.

Product & Services

Cloud CommunicationsUnified CommunicationsPoint of sale (2020), Financial servicesTelecommunications (2020)

Key People

Howard S. Jonas, Chairman Samuel Jonas, CEO Bill Pereira, COO David Wartell, CTO Marcelo Fisher, CFO

Financials

Revenue: US$1.346 billion (2020)

Operating income: US$17.94 million (2020)

Net income: US$21.42 million (2020)