Cisco will be paying $55 per share in cash, which works out to $1.9B net of cash. They’ll be combining BroadSoft’s UC platform with their own collaboration capabilities, taking aim at everything from the small business to the multinational enterprise. BroadSoft’s technology underlies a significant fraction of service provider voice offerings across the industry, but especially in the US.
The deal is expected to close in Q1 of next year, assuming the regulatory review goes well. When it does, BroadSoft’s employee base will be tucked into Cisco’s UC Technology Group under Tom Pourro, which lies within the Applications Business Group led by Rowan Trollope.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Mergers and Acquisitions · Telecom Equipment · Unified Communications