Company:BroadSoft

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Short description: Communication software and service provider acquired by Cisco Systems
BroadSoft Inc.
TypeSubsidiary
IndustryCommunication software
Founded1998; 26 years ago (1998)
HeadquartersGaithersburg, Maryland,
United States
Key people
Michael Tessler
(President & CEO)
James A. Tholen
(CFO)
RevenueIncrease US$ 340.96 million (2016)
Increase US$ 15.51 million (2016)
Increase US$ 0.82 million (2016)
Total assetsIncrease US$ 651.20 million (2016)
Total equityIncrease US$ 301.23 million (2016)
Number of employees
1,597 (2016)
ParentCisco Systems
Websitewww.broadsoft.com
Footnotes / references
[1]

BroadSoft, Inc. is a communication software and service provider that was acquired by Cisco Systems in 2018.[2] BroadSoft was founded in 1998 and completed its initial public offering in 2010, and was headquartered in Maryland.[3] It partners with carriers and large service providers in several countries.[4][5] BroadSoft’s customers include AT&T, Verizon Communications, Sprint, Charter Communications, Comcast, and Vodafone.[6] The company provides technology for service providers to build cloud-based communications services such as voice, video, web conferencing and team messaging and contextual services.[7]

History

The company was founded by Michael Tessler and Scott D. Hoffpauir in 1998.[8] Prior to Broadsoft, Tessler worked at several telecommunications manufacturers and later joined Celcore, a wireless startup. Following the acquisition of Celcore by Alcatel, Tessler and Hoffpauir, an executive at Alcatel, decided to branch out on their own and create BroadSoft. BroadSoft then received $5 million in Series A round funding.[9]

BroadSoft grew organically and through acquisitions over 20 years.[10]

• 1998 – Company officially started with the name iKnow[11]

• 1999 – Renamed to BroadSoft[8]

• August 2000 – Montreal research and development center opened[12]

• 2003 – Fujitsu becomes the principal system integration partner for BroadSoft in the Asia-Pacific[13]

• September 2005 – Acquired Carbon Twelve[14]

• November 2006 – Opened new offices in Belfast, Northern Ireland[15]

• August 2008 – Acquired Genband's M6 communication applications server, formerly VocalData[16]

• December 2008 – Acquired Sylantro Systems[17]

• October 2009 – Acquired Packet Island[18]

• June 2010 – BroadSoft debuted on the Nasdaq Global Market[19]

• October 2010 – Acquired Casabi[20]

• October 2011 – Acquired iLinc Communications[21] and Movial Applications Oy [22]

• April 2012 – Acquired Partners 1993 EOOD[23]

• August 2012 – Acquired Adaption Technologies Ventures[24]

• August 2013 – Acquired Hosted IP Communications (Europe) Limited (HIPCOM)[25]

• December 2013 – Acquired finocom AG[26][27]

• August 2014 – Acquired Systems Design & Development, Inc. (SDD)[28]

• January 2015 – Acquired Leonid Systems[29]

• June 2015 – Acquired mPortal[29]

• November 2015 – Acquired PBXL[29]

• February 2016 – Acquired Transera[29]

• May 2016 – Acquired Intellinote[29]

• October 2016 – Acquired VoIP Logic[30]

• November 2016 – Launches Team-One[31]

• October 2017 - BroadSoft announced that it had entered into an agreement to be acquired by Cisco for approximately $2 billion.[32]

• February 2018 - BroadSoft acquired by Cisco[33]

References

  1. ↑ "US SEC: Form 10-K BroadSoft Inc.". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1086909/000108690917000006/bsft-20161231x10k.htm. Retrieved February 5, 2018. 
  2. ↑ CNBC.com, Reuters with (2017-10-23). "Cisco agrees to acquire BroadSoft for $1.9 billion" (in en). https://www.cnbc.com/2017/10/23/cisco-nears-deal-to-acquire-telecom-software-maker-broadsoft-source.html. 
  3. ↑ "Tech firm takes big space at Stream Realty's Platinum Park in Plano". Dallas Business Journal. 2017-06-22. https://www.bizjournals.com/dallas/news/2017/06/22/tech-firm-takes-big-space-at-stream-realtys.html. Retrieved 2017-12-08. 
  4. ↑ "BroadSoft: "We created cloud PBX"". Computing. 2017-08-17. https://www.computing.co.uk/ctg/interview/3015716/broadsoft-we-created-cloud-pbx. Retrieved 2017-12-08. 
  5. ↑ "Make way for another Slack competitor, Team-One from BroadSoft". TechCrunch. 2016-11-16. https://techcrunch.com/2016/11/16/make-way-for-another-slack-competitor-team-one-from-broadsoft/. Retrieved 2017-12-08. 
  6. ↑ "How Has BroadSoft's Revenue Grown Recently?" (in en-US). 2017-11-09. https://marketrealist.com/2017/11/broadsofts-revenue-grown-recently/. 
  7. ↑ "BroadSoft: The most important UC vendor you probably haven't heard of". Network World. 2016-11-22. https://www.networkworld.com/article/3143455/cloud-computing/broadsoft-the-most-important-uc-vendor-you-probably-havent-heard-of.html. Retrieved 2017-12-08. 
  8. ↑ 8.0 8.1 "Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6". https://www.businesswire.com/news/home/20120911006491/en/BroadSoft-Co-Founder-CEO-Michael-Tessler-Takes-Center. 
  9. ↑ "Broadsoft CEO Michael Tessler Shares His Entrepreneurial Journey at StartupCamp6 Comms Edition". http://news.tmcnet.com/topics/articles/2012/10/04/310728-broadsoft-ceo-michael-tessler-shares-his-entrepreneurial-journey.htm. 
  10. ↑ "BroadSoft Strengthens its Cloud Communications Portfolio with its Acquisition of VoIP Logic". https://www.voipreview.org/blog/broadsoft-strengthens-its-cloud-communications-portfolio-its-acquisition-voip-logic. 
  11. ↑ "Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6". https://www.businesswire.com/news/home/20120911006491/en/BroadSoft-Co-Founder-CEO-Michael-Tessler-Takes-Center. Retrieved 8 February 2018. 
  12. ↑ "BroadSoft sets up R&D shop in Montreal". https://www.itworldcanada.com/article/broadsoft-sets-up-rd-shop-in-montreal/35360. Retrieved 8 February 2018. 
  13. ↑ "Fujitsu ramps up VoIP push". https://www.itnews.com.au/news/fujitsu-ramps-up-voip-push-11203. Retrieved 8 February 2018. 
  14. ↑ "US vendor buys Sydney developer Carbon Twelve". https://www.crn.com.au/news/us-vendor-buys-sydney-developer-carbon-twelve-24616. Retrieved 8 February 2018. 
  15. ↑ "US Firm Opens Office In Belfast". http://www.irishexaminerusa.com/mt/2009/11/17/us_firm_opens_office_in_belfas.html. Retrieved 8 February 2018. 
  16. ↑ "GenBand's M6 Acquired by Broadsoft". http://blog.tmcnet.com/on-rads-radar/2008/08/genbands-m6-acquired-by-broadsoft.html. Retrieved 8 February 2018. 
  17. ↑ "BroadSoft acquires Sylantro as VoIP market consolidates". https://www.networkworld.com/article/2272062/lan-wan/broadsoft-acquires-sylantro-as-voip-market-consolidates.html. Retrieved 8 February 2018. 
  18. ↑ "Broadsoft & Packet Island Deliver Affordable Tools". https://www.nojitter.com/post/225401194/broadsoft--packet-island-deliver-affordable-tools. Retrieved 8 February 2018. [yes|permanent dead link|dead link}}]
  19. ↑ "Broadsoft shares sink in IPO". https://www.marketwatch.com/story/broadsoft-shares-sink-in-ipo-2010-06-16. Retrieved 8 February 2018. 
  20. ↑ "BroadSoft Acquires Casabi for $1,950,000". https://www.xconomy.com/san-francisco/2010/10/14/broadsoft-acquires-casabi-for-1950000/. Retrieved 8 February 2018. 
  21. ↑ "BroadSoft acquires iLinc Communications". https://www.networkworld.com/article/2181902/uc-voip/broadsoft-acquires-ilinc-communications.html. Retrieved 8 February 2018. 
  22. ↑ "BroadSoft buys Movial's client-product unit". https://www.telecomasia.net/content/broadsoft-buys-movials-client-product-unit. Retrieved 8 February 2018. 
  23. ↑ "BOYANOV & Co. Advised Broadsoft Inc. on the Acquisition of Partners 1993 EOOD (Bulgarian Software Developer Company)". http://boyanov.com/en/our-work/deals-cases/boyanov-co-advised-broadsoft-inc-on-the-acquisition-of-partners-1993-eood-bulgarian-software-developer-company/. Retrieved 8 February 2018. 
  24. ↑ "Telecom M&A: BroadSoft Grabs Adaption Technologies". http://www.crn.com/news/networking/240005066/telecom-ma-broadsoft-grabs-adaption-technologies.htm. Retrieved 8 February 2018. 
  25. ↑ "BroadSoft Acquires HIPCOM, Will Expand Offerings in UK". http://unified-communications.tmcnet.com/topics/unified-communications/articles/350322-broadsoft-acquires-hipcom-will-expand-offerings-uk.htm. Retrieved 8 February 2018. 
  26. ↑ "Placetel by BroadSoft - das Unternehmen: Historie, Werdegang, Zukunft" (in de). https://www.placetel.de/unternehmen. 
  27. ↑ "Wheeling & Dealings: BroadSoft to Enter German Market Through finocom Acquisition". http://unified-communications.tmcnet.com/topics/unified-communications/articles/363966-wheeling-dealings-broadsoft-enter-german-market-through-finocom.htm. Retrieved 8 February 2018. 
  28. ↑ "BroadSoft targets hospitality industry with SDD acquisition". https://www.networkworld.com/article/2461415/uc-voip/broadsoft-targets-hospitality-industry-with-sdd-acquisition.html. Retrieved 8 February 2018. 
  29. ↑ 29.0 29.1 29.2 29.3 29.4 "BroadSoft buys Reston company in bid for collaboration software dominance". https://www.bizjournals.com/washington/news/2016/05/31/broadsoft-buys-reston-company-in-bid-for.html. Retrieved 8 February 2018. 
  30. ↑ "BroadSoft Buys Cloud Communications Vendor VoIP Logic". http://www.eweek.com/networking/broadsoft-buys-cloud-communications-vendor-voip-logic. Retrieved 8 February 2018. 
  31. ↑ "Make way for another Slack competitor, Team-One from BroadSoft". https://techcrunch.com/2016/11/16/make-way-for-another-slack-competitor-team-one-from-broadsoft/. Retrieved 8 February 2018. 
  32. ↑ "Cisco buys BroadSoft for $1.71 billion in software push". https://www.reuters.com/article/us-broadsoft-m-a-cisco-systems/cisco-buys-broadsoft-for-1-71-billion-in-software-push-idUSKBN1CS02Q. Retrieved 8 February 2018. 
  33. ↑ "Cisco Cisco completes $1.9 billion acquisition of BroadSoft". https://www.rcrwireless.com/20180205/cisco-ompletes-1-9-billion-acquisition-of-broadsoft-tag27. Retrieved 8 February 2018. 

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