Asterisk is a complete PBX in software. It provides all of the features you would expect from a PBX and more. Asterisk does voice over IP in three protocols, and can interoperate with almost all standards-based telephony equipment using relatively inexpensive hardware. Asterisk provides Voicemail services with Directory, Call Conferencing, Interactive Voice Response, Call Queuing. It has support for three-way calling, caller ID services, ADSI, SIP and H.323 (as both client and gateway). This is a standard version. It is scheduled to go to security fixes only on October 24th, 2017, and EOL on October 24th, 2018. See here for more information about Asterisk versions: https://wiki.asterisk.org/wiki/display/AST/Asterisk+Versions NOTE: This version does not work with the zaptel drivers. It requires the newer DAHDI drivers which are still being ported. So, there is no hardware support available at this moment.