BroadSoft explained

BroadSoft Inc.
Type:Subsidiary
Traded As:NASDAQ:
Industry:Communication software
Location:Gaithersburg, Maryland
Location Country:United States
Parent:Cisco Systems
Footnotes:[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, KPN 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]

External links

Notes and References

  1. Web site: US SEC: Form 10-K BroadSoft Inc.. U.S. Securities and Exchange Commission. February 5, 2018.
  2. Web site: CNBC.com. Reuters with. 2017-10-23. Cisco agrees to acquire BroadSoft for $1.9 billion. 2020-06-09. CNBC. en.
  3. Web site: 2017-06-22. Tech firm takes big space at Stream Realty's Platinum Park in Plano. 2017-12-08. Dallas Business Journal.
  4. Web site: BroadSoft: "We created cloud PBX" . Computing . 2017-08-17 . 2017-12-08.
  5. Web site: Make way for another Slack competitor, Team-One from BroadSoft. TechCrunch . 2016-11-16 . 2017-12-08.
  6. Web site: 2017-11-09. How Has BroadSoft's Revenue Grown Recently?. 2020-06-09. Market Realist. en-US.
  7. Web site: BroadSoft: The most important UC vendor you probably haven't heard of . Network World . 2016-11-22 . 2017-12-08.
  8. Web site: Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6. Businesswire.
  9. Web site: Broadsoft CEO Michael Tessler Shares His Entrepreneurial Journey at StartupCamp6 Comms Edition. TMCNet.
  10. Web site: BroadSoft Strengthens its Cloud Communications Portfolio with its Acquisition of VoIP Logic. VOIPReview.org.
  11. Web site: Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6. Businesswire. 8 February 2018.
  12. Web site: BroadSoft sets up R&D shop in Montreal. https://web.archive.org/web/20180208064214/https://www.itworldcanada.com/article/broadsoft-sets-up-rd-shop-in-montreal/35360. usurped. February 8, 2018. ITWorldCanada. 8 February 2018.
  13. Web site: Fujitsu ramps up VoIP push. itnews. 8 February 2018.
  14. Web site: US vendor buys Sydney developer Carbon Twelve. CRN. 8 February 2018.
  15. Web site: US Firm Opens Office In Belfast. The Irish Examiner. 8 February 2018.
  16. Web site: GenBand's M6 Acquired by Broadsoft. TMCnet. 8 February 2018.
  17. Web site: BroadSoft acquires Sylantro as VoIP market consolidates. NetworkWorld. 8 February 2018.
  18. Web site: Broadsoft & Packet Island Deliver Affordable Tools. NoJitter. 8 February 2018.
  19. Web site: Broadsoft shares sink in IPO. MarketWatch. 8 February 2018.
  20. Web site: BroadSoft Acquires Casabi for $1,950,000. xconomy. 8 February 2018.
  21. Web site: BroadSoft acquires iLinc Communications. NetworkWorld. 8 February 2018.
  22. Web site: BroadSoft buys Movial's client-product unit. Telecomasia. 8 February 2018.
  23. Web site: BOYANOV & Co. Advised Broadsoft Inc. on the Acquisition of Partners 1993 EOOD (Bulgarian Software Developer Company). Boyanov & Co.. 8 February 2018. https://web.archive.org/web/20150531043742/http://boyanov.com/en/our-work/deals-cases/boyanov-co-advised-broadsoft-inc-on-the-acquisition-of-partners-1993-eood-bulgarian-software-developer-company/. 31 May 2015. dead.
  24. Web site: Telecom M&A: BroadSoft Grabs Adaption Technologies. CRN. 8 February 2018.
  25. Web site: BroadSoft Acquires HIPCOM, Will Expand Offerings in UK. Unified Communications. 8 February 2018.
  26. Web site: Placetel by BroadSoft - das Unternehmen: Historie, Werdegang, Zukunft. www.placetel.de. de. 2018-07-03.
  27. Web site: Wheeling & Dealings: BroadSoft to Enter German Market Through finocom Acquisition. Unified Communications. 8 February 2018.
  28. Web site: BroadSoft targets hospitality industry with SDD acquisition. NetworkWorld. 8 February 2018.
  29. Web site: BroadSoft buys Reston company in bid for collaboration software dominance. Washington Business Journal. 8 February 2018.
  30. Web site: BroadSoft Buys Cloud Communications Vendor VoIP Logic. eWeek. 8 February 2018.
  31. Web site: Make way for another Slack competitor, Team-One from BroadSoft. TechCrunch. 8 February 2018.
  32. Web site: Cisco buys BroadSoft for $1.71 billion in software push. Reuters. 8 February 2018.
  33. Web site: Cisco Cisco completes $1.9 billion acquisition of BroadSoft. RCRWireless. 8 February 2018.

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