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BroadSoft, Inc. stock price
BroadSoft, Inc. latest news:
Cisco buys BroadSoft for $1.71 billion in software push
(Reuters) - Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.
Cisco buys BroadSoft for $1.71 bln in software push
Cisco Systems Inc(CSCO) will buy software company BroadSoft Inc (BSFT) for $1.71 billion, it said on Monday, in a deal that boosts Cisco's (CSCO) collaboration tools and helps the company diversify its offerings away from switching and routing.
Cisco nears deal to acquire BroadSoft: source
SAN FRANCISCO (Reuters) - Cisco Systems Inc, the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday.
Cisco reportedly close to acquiring Broadsoft
Cisco Systems Inc. is nearing a deal to acquire telecommunications-focused software company Broadsoft Inc. , according to a Sunday report. Bloomberg News reported, based on anonymous sources, that a deal could be announced as early as Monday. Bloomberg did not report a projected price tag; Broadsoft ended Friday trading with a market capitalization of $1.67 billion, according to FactSet. Cisco has been acquiring software companies in hopes of boosting subscription-based revenues as growth in its core networking revenue has slowed. The company acquired startup Appdynamics earlier this year for $3.7 billion, and said Thursday's announced deal for Perspica was the 200th acquisition in the history of the acquisitive company. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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