Asterisk is a complete PBX in software. Asterisk does voice over IP in many protocols, and can interoperate with almost all standards-based telephony equipment using relatively inexpensive hardware.
Features: Asterisk provides Voicemail services with Directory, Call Conferencing, Interactive Voice Response and Call Queuing. It has support for three-way calling, caller ID services, ADSI, SIP and H.323 (as both client and gateway).
Protocol Support: Asterisk supports a wide range of TDM protocols for the handling and transmission of voice over traditional telephony interfaces. Asterisk supports US and European standard signalling types used in standard business phone systems, allowing it to bridge between next generation voice-data integrated networks and existing infrastructure. Asterisk not only supports traditional phone equipment, it enhances them with additional capabilities.
