Cisco to acquire BroadSoft2017-10-23 15:52 by Daniela
Tags: Cisco, BroadSoft
Cisco has announced plans to acquire BroadSoft in a deal worth $1.9 billion. Cisco will pay $55 per share in cash in exchange for each BroadSoft share.
BroadSoft, based in Gaithersburg in Maryland, offers software and services that give mobile and cable service operators the ability to offer inclusive communications over their networks.
"We believe that our combined offers, from Cisco's collaboration technology for enterprises to BroadSoft's suite for small and medium businesses delivered through Service Providers will give customers more choice and flexibility, "said Rowan Trollope, senior vice president and general manager of Cisco's Applications Business Group.
Following its $3.7 billion acquisition of privately held AppDynamics in March, the BroadSoft deal would be Cisco’s second major acquisition this year.
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