The unified communications wing of the cloud saw a bit more consolidation late yesterday, as BroadSoft went on the inorganic offensive. The longtime VoIP software and services platform provider has purchased one of its partners, Leonid Systems.
Leonid's specialty is web portals for BroadSoft's software, and thus what BroadSoft is doing is bringing part of its own ecosystem and the talent associated with it in-house. Obviously that's something BroadSoft itself has been doing, but apparently Leonid came up with some better ideas that its new owner wants to fold into their offerings.
We're going to be seeing a lot of this over the next year or two in the sectors we loosely lump together as the cloud. There is lots of talent out there trying new and hopefully innovative things, and many of the ones that pan out will draw the attention of existing players who then buy them out.
The purchase of Leonid will add some $3M in revenue to BroadSoft's 2015, while not shifting the needle on non-GAAP earnings per share.
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