BREAKING NEWS – BroadSoft sold to Cisco for $1.9 billion

BroadSoft Inc has announced the sale of the business

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Unified Communications

Published: October 23, 2017

Rob Scott

Rob Scott

Publisher

Founded in 1998, BroadSoft Inc has today announced the sale of the business to Cisco for $1.9 billion

Cisco have released an official press release confirming the intent to acquire BroadSoft.

We’re live at BroadSoft Connections this week, we’ll keep you up to date as we get further updates.

“We are excited about this transaction, which represents the culmination of a robust process undertaken by BroadSoft’s Board of Directors to maximize shareholder value,” said Michael Tessler, president and CEO, BroadSoft.”

Market Leadership

According to Synergy Research, in June 2017 BroadSoft had the leading market share in the UCaaS space (based on call control new line shipments), positioning them firmly as the industry leader in cloud communications.

BroadSoft Marketshare 2017
Source: Synergy Research Cloud On-Premise IP PBX Market Share Report, June 2017

BroadSoft Connections

This week marks the start of BroadSoft’s annual conference BroadSoft Connections. UC Today are reporting live from the event this week, keep an eye out for latest BroadSoft news update.

Watch the event as it happens on Twitter #BSFTConnections

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