Recs.
Updated
SpecsUpdate
Pros
Pro Fine-grained administration options
Allows for complex administrative structures, with lots of roles and many other features related to server administration.
Pro Works on all main PC OS platforms
Available on Windows, Linux and OS X allows for a user to choose what best OS suits them and not have to worry if their game chat software will work.
Pro Widely used
Among most MMOs (massive multiplayer online games such as Guild Wars 2, or World of Warcraft) Teamspeak is widely used so it's likely other players already use it and won't need to download a new program. There are also many knowledge and help articles available online.
Cons
Con Mobile app costs money
TeamSpeak for mobile platforms costs $1.99 for Android devices in Google play store or $4.99 for devices that run iOS.
Con Requires to self-host, rent or use a public server
TeamSpeak cannot be used without a private server (meaning TeamSpeak themselves do not provide servers). This adds complexity to the setup and may simply be out of reach for many users. There are, however, several free public servers available, Teamspeak offers to rent one, and many games have dedicated servers available through their respective websites.
Con No video communication
Currently there is no video chat for the app. While not essential for in-game communication, outside of the game it would help to strengthen online relationships with your gaming pals.
Con Too easy to hack
Your server may become vulnerable if you give admin away and do not configure your server properly.
Keeping a record of backups is important, if you broke something while editing the configuration or your server has become compromised due to negligence. You will then be able to spin up a new instance.
Recommendations
Comments
Flagged Pros + Cons
Pro Extremely user friendly
TeamSpeak has an intuitive interface that even non-tech savvy users can figure out. Being that it is a gaming focused app there is even less of an issue due to most PC gamers being tech-savvy already.
Pro Advanced permissions
It has an advanced system to manage channel/server permissions
Out of Date Pros + Cons
Con Old Windows XP graphic UI
Both the PC and mobile clients have a very old user interface.