Cisco To Buy BroadSoft For $55/shr - Quick Facts

(RTTNews) - Cisco (CSCO) and BroadSoft (BSFT) announced a definitive agreement, pursuant to which Cisco will acquire BroadSoft Inc. for $55 per share, in cash, an aggregate purchase price of approximately $1.9 billion net of cash assuming fully diluted shares including conversion of debt. Headquartered in Gaithersburg, MD, BroadSoft is the technology provider in cloud PBX, unified communications, team collaboration, and contact center solutions for businesses and service providers across 80 countries.

The acquisition is expected to close during the first quarter of calendar year 2018. Upon completion of the transaction, BroadSoft employees will join Cisco's Unified Communications Technology Group led by Vice President and General Manager Tom Puorro, under the Applications Group led by Trollope.

Cisco said, by combining BroadSoft's open interface and standards-based cloud voice and contact center solutions delivered via Service Provider partners, with Cisco's leading meetings, hardware and services portfolio, the combined company will offer best-of-breed solutions for businesses of all sizes and deliver a full suite of collaboration capabilities to power the future of work.