Cisco Acquires BroadSoft for $1.9 Billion Cash

Cisco System Inc., a worldwide leader in IT and networking, announced yesterday that they have reached a deal to acquire BroadSoft Inc., a communication technologies provider with $1.9 billion net of cash.

The deal is expected to close in the first quarter of 2018. After that, BroadSoft employees will be folded into Cisco’s UC Technology Group, according to company officials.

BroadSoft offers a range of cloud communication technologies to more than 19 million customers around the world and has partnered with more than 450 telecommunications companies in 80 countries. The deal is believed to accelerate Cisco’s transformation to a more cloud-focused company and add to Cisco’s growing portfolio of communications technologies.

Ying-Hui Chen

Ying-Hui ( Evy), has been working at VoIP Supply since November 2015. She is currently working in the Marketing Department helping with market research, SEO analysis/ tracking, email marketing and blogs. Connect with her on LinkedIn.

Share
Published by
Ying-Hui Chen

Recent Posts

Watch Now: 2024 December VoIP News Update

https://youtu.be/vV0BDOCGiKs?si=jFrelg8-ddbcLhTC In the December VoIP News Update, two exciting developments in the VoIP space were…

3 days ago

Fanvil H5 Hotel Phone Product Feature & How to SIP Register to 3CX | VoIP Supply

https://youtu.be/UHKuBq0Pvuk?si=zS3KlwIkJz2-6vaq At VoIP Supply, we’re always excited to explore new solutions for businesses and industries,…

3 weeks ago

Fanvil X4U IP Phone Product Feature Video & Technical Tutorial

https://youtu.be/Wun3AMh_T08?si=fG3-TgyzrGT2gNIc In our latest video, we dive deep into the Fanvil X4U IP phone. Whether…

4 weeks ago

How to Prepare Your VoIP Systems for 2025

Remember Back to the Future II? I loved that movie because they traveled into the…

1 month ago

SIP Chats: Sharath Abraham of Jabra – Panacast 50, BYOD Solutions, and More!

https://youtu.be/qsNO-fZdY3U?si=1A2biOpTwvHG-wiB In the latest episode of SIP Chats, host Brian Hyrek sits down with Sharath…

1 month ago

Watch Now: 2024 November VoIP News Update

https://youtu.be/a--L6ZF9iAw VoIP Supply’s November VoIP News Update: Exciting New Tools, Upcoming Releases, and Giving Back…

1 month ago