- Cisco Systems will buy Maryland-based software company BroadSoft for $1.71 billion, a deal that boosts Cisco's collaboration tools and helps the Silicon Valley company diversify its offerings away from switching and routing. BroadSoft specializes in software used by major cable and telecommunications networks.
Oct 23 (Reuters) - Cisco Systems Inc, the world's largest networking gear manufacturer, said it will buy U.S. telecommunications software company BroadSoft Inc in a deal valued at about $1.9 billion, including debt.
Cisco said it would offer $55 per share, a premium of 2 percent to BroadSoft's last close.
The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify from its stagnating switches and routers business by giving it a stronger foothold in selling unified communications software to big telecommunications firms.
** charts before announcement **
No comments:
Post a Comment