Cisco Acquires BroadSoft for $1.9B

October 23, 2017

Cisco agreed to acquire BroadSoft, a provider of cloud PBX, unified communications, team collaboration and contact center software, for $1.9 billion (paying $55 per share). The deal strengthens Cisco's software- and cloud-focused collaboration portfolio and brings BroadSoft's large service-provider customer base and cloud voice/contact-center capabilities into Cisco's applications group.

Buyers
Cisco
Targets
BroadSoft
Sellers
BroadSoft shareholders
Industry
Cloud & SaaS
Location
Maryland, United States
Transaction Type
Buyout

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