Cisco and Broadsoft have arrived at a definitive agreement for Cisco to acquire publicly-held Broadsoft, Inc. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of Broadsoft, or an aggregate purchase price of approximately $1.9 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.
Together, Cisco and Broadsoft will deliver a robust suite of collaboration capabilities across every market segment,” said Rowan Trollope, senior vice president and general manager of Cisco’s Applications Business Group. “We believe that our combined offers, from Cisco’s collaboration technology for enterprises to Broadsoft’s suite for small and medium businesses delivered through Service Providers will give customers more choice and flexibility.”
Broadsoft’s hosted offerings, sold through the Service Providers and aimed at small and medium businesses, are highly complementary to Cisco’s on-premises and enterprise-centric HCS offerings.
