Cisco acquires BroadSoft for USD1.9bn, boosts cloud communications presence

US tech giant Cisco has agreed to acquire publicly-held BroadSoft for approximately USD1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company. Gaithersburg-headquartered BroadSoft calls itself ‘a market leader for cloud unified communications with an open, mobile and secure platform trusted by 25 of the world’s top 30 service providers by revenue’. BroadSoft provides platforms for cloud PBX, unified communications, team collaboration, and contact centre solutions for businesses and service providers across 80 countries.