Operator
Greetings and welcome to AudioCodes' Fourth Quarter and Year-End 2020 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce Brett Maas from Hayden IR. Thank you, Brett. You may begin.
Brett Maas --
Investor Relations
Thank you. Hosting the call today are Shabtai Adlersberg, President and Chief Executive Officer; and Niran Baruch, Vice President of Finance and Chief Financial Officer.
Before we begin, I'd like to remind you that information provided during this call may contain forward-looking statements related to AudioCodes' business outlook, future economic performance, product introductions, plans and objectives related thereto, any statements assuming assumptions made or expectations as to future events, conditions, performance, or other matters are forward-looking statements as the term is defined under U.S. Federal Securities laws. Forward-looking statements are subject to various risks and uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties, and factors include but are not limited to, the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets, in particular shifts in supply and demand, market acceptance of new products and demand for existing products, the impact of competitive products and pricing on AudioCodes and its customers' products in markets, timing of products and technology developments, upgrades and the ability to manage changes in market conditions as needed, possible need for additional financing, the ability to satisfy covenants in the company's loan agreements, possible disruptions from acquisitions, the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business, possible adverse impact from COVID-19 pandemic on our business and the results of operations and other factors detailed in AudioCodes' filings with the U.S. Securities and Exchange Commission. AudioCodes assumes no obligation to update this information.