BroadSoft
{{Short description|Communication software and service provider acquired by Cisco Systems}}
{{Infobox company
| name = BroadSoft Inc.
| logo = File:BroadSoft_logo.png
| type = Subsidiary
| traded_as = {{NASDAQ was|BSFT}}
| industry = Communication software
| key_people = {{ubl|Michael Tessler (president & CEO)|James A. Tholen (CFO)}}
| foundation = {{start date and age|1998}}
| location = Gaithersburg, Maryland
| revenue = {{nowrap|{{increase}} US$ 340.96 million (2016)}}
| operating_income = {{nowrap|{{increase}} US$ 15.51 million (2016)}}
| net_income = {{nowrap|{{increase}} US$ 0.82 million (2016)}}
| assets = {{nowrap|{{increase}} US$ 651.20 million (2016)}}
| equity = {{nowrap|{{increase}} US$ 301.23 million (2016)}}
| num_employees = {{nowrap|1,597 (2016)}}
| location_country = United States
| parent = Cisco Systems
| homepage = {{URL|www.broadsoft.com}}
| footnotes = {{cite web|url=https://www.sec.gov/Archives/edgar/data/1086909/000108690917000006/bsft-20161231x10k.htm|title=US SEC: Form 10-K BroadSoft Inc.|publisher=U.S. Securities and Exchange Commission|accessdate=February 5, 2018}}
}}
BroadSoft, Inc. is a communication software and service provider that was acquired by Cisco Systems in 2018.{{Cite web|last=CNBC.com|first=Reuters with|date=2017-10-23|title=Cisco agrees to acquire BroadSoft for $1.9 billion|url=https://www.cnbc.com/2017/10/23/cisco-nears-deal-to-acquire-telecom-software-maker-broadsoft-source.html|access-date=2020-06-09|website=CNBC|language=en}} BroadSoft was founded in 1998 and completed its initial public offering in 2010, and was headquartered in Maryland.{{cite web|date=2017-06-22|title=Tech firm takes big space at Stream Realty's Platinum Park in Plano|url=https://www.bizjournals.com/dallas/news/2017/06/22/tech-firm-takes-big-space-at-stream-realtys.html|accessdate=2017-12-08|publisher=Dallas Business Journal}} It partners with carriers and large service providers in several countries.{{cite web|url=https://www.computing.co.uk/ctg/interview/3015716/broadsoft-we-created-cloud-pbx|title=BroadSoft: "We created cloud PBX" |publisher=Computing |date=2017-08-17 |accessdate=2017-12-08}}{{cite web|url=https://techcrunch.com/2016/11/16/make-way-for-another-slack-competitor-team-one-from-broadsoft/|title=Make way for another Slack competitor, Team-One from BroadSoft|publisher=TechCrunch |date=2016-11-16 |accessdate=2017-12-08}} BroadSoft’s customers include AT&T, Verizon Communications, Sprint, Charter Communications, Comcast, KPN and Vodafone.{{Cite web|date=2017-11-09|title=How Has BroadSoft's Revenue Grown Recently?|url=https://marketrealist.com/2017/11/broadsofts-revenue-grown-recently/|access-date=2020-06-09|website=Market Realist|language=en-US}} 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.{{cite web|url=https://www.networkworld.com/article/957845/broadsoft-the-most-important-uc-vendor-you-probably-havent-heard-of.html|title=BroadSoft: The most important UC vendor you probably haven't heard of |publisher=Network World |date=2016-11-22 |access-date=2017-12-08}}
History
The company was founded by Michael Tessler and Scott D. Hoffpauir in 1998.{{cite web|title=Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6|url=https://www.businesswire.com/news/home/20120911006491/en/BroadSoft-Co-Founder-CEO-Michael-Tessler-Takes-Center|website=Businesswire}} 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.{{cite web|title=Broadsoft CEO Michael Tessler Shares His Entrepreneurial Journey at StartupCamp6 Comms Edition|url=http://news.tmcnet.com/topics/articles/2012/10/04/310728-broadsoft-ceo-michael-tessler-shares-his-entrepreneurial-journey.htm|website=TMCNet}}
BroadSoft grew organically and through acquisitions over 20 years.{{cite web|title=BroadSoft Strengthens its Cloud Communications Portfolio with its Acquisition of VoIP Logic|url=https://www.voipreview.org/blog/broadsoft-strengthens-its-cloud-communications-portfolio-its-acquisition-voip-logic|website=VOIPReview.org}}
• 1998 – Company officially started with the name iKnow{{cite web|title=Broadsoft CEO Michael Tessler Gave Keynote Speech at StartupCamp6|url=https://www.businesswire.com/news/home/20120911006491/en/BroadSoft-Co-Founder-CEO-Michael-Tessler-Takes-Center|website=Businesswire|accessdate=8 February 2018}}
• August 2000 – Montreal research and development center opened{{cite web|title=BroadSoft sets up R&D shop in Montreal|url=https://www.itworldcanada.com/article/broadsoft-sets-up-rd-shop-in-montreal/35360|website=ITWorldCanada|accessdate=8 February 2018}}
• 2003 – Fujitsu becomes the principal system integration partner for BroadSoft in the Asia-Pacific{{cite web|title=Fujitsu ramps up VoIP push|url=https://www.itnews.com.au/news/fujitsu-ramps-up-voip-push-11203|website=itnews|accessdate=8 February 2018}}
• September 2005 – Acquired Carbon Twelve{{cite web|title=US vendor buys Sydney developer Carbon Twelve|url=https://www.crn.com.au/news/us-vendor-buys-sydney-developer-carbon-twelve-24616|website=CRN|accessdate=8 February 2018}}
• November 2006 – Opened new offices in Belfast, Northern Ireland{{cite web|title=US Firm Opens Office In Belfast|url=http://www.irishexaminerusa.com/mt/2009/11/17/us_firm_opens_office_in_belfas.html|website=The Irish Examiner|accessdate=8 February 2018}}
• August 2008 – Acquired Genband's M6 communication applications server, formerly VocalData{{cite web|title=GenBand's M6 Acquired by Broadsoft|url=http://blog.tmcnet.com/on-rads-radar/2008/08/genbands-m6-acquired-by-broadsoft.html|website=TMCnet|accessdate=8 February 2018}}
• December 2008 – Acquired Sylantro Systems{{cite web|title=BroadSoft acquires Sylantro as VoIP market consolidates|url=https://www.networkworld.com/article/796128/lan-wan-broadsoft-acquires-sylantro-as-voip-market-consolidates.html|website=NetworkWorld|access-date=8 February 2018}}
• October 2009 – Acquired Packet Island{{cite web|title=Broadsoft & Packet Island Deliver Affordable Tools|url=https://www.nojitter.com/post/225401194/broadsoft--packet-island-deliver-affordable-tools|website=NoJitter|accessdate=8 February 2018}}{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}
• June 2010 – BroadSoft debuted on the Nasdaq Global Market{{cite web|title=Broadsoft shares sink in IPO|url=https://www.marketwatch.com/story/broadsoft-shares-sink-in-ipo-2010-06-16|website=MarketWatch|accessdate=8 February 2018}}
• October 2010 – Acquired Casabi{{cite web|title=BroadSoft Acquires Casabi for $1,950,000|url=https://www.xconomy.com/san-francisco/2010/10/14/broadsoft-acquires-casabi-for-1950000/|website=xconomy|accessdate=8 February 2018}}
• October 2011 – Acquired iLinc Communications{{cite web|title=BroadSoft acquires iLinc Communications|url=https://www.networkworld.com/article/699516/uc-voip-broadsoft-acquires-ilinc-communications.html|website=NetworkWorld|access-date=8 February 2018}} and Movial Applications Oy {{cite web|title=BroadSoft buys Movial's client-product unit|url=https://www.telecomasia.net/content/broadsoft-buys-movials-client-product-unit|website=Telecomasia|accessdate=8 February 2018}}
• August 2012 – Acquired Adaption Technologies Ventures{{cite web|title=Telecom M&A: BroadSoft Grabs Adaption Technologies|url=http://www.crn.com/news/networking/240005066/telecom-ma-broadsoft-grabs-adaption-technologies.htm|website=CRN|accessdate=8 February 2018}}
• August 2013 – Acquired Hosted IP Communications (Europe) Limited (HIPCOM){{cite web|title=BroadSoft Acquires HIPCOM, Will Expand Offerings in UK|url=http://unified-communications.tmcnet.com/topics/unified-communications/articles/350322-broadsoft-acquires-hipcom-will-expand-offerings-uk.htm|website=Unified Communications|accessdate=8 February 2018}}
• December 2013 – Acquired finocom AG{{Cite web|url=https://www.placetel.de/unternehmen|title=Placetel by BroadSoft - das Unternehmen: Historie, Werdegang, Zukunft|website=www.placetel.de|language=de|access-date=2018-07-03}}{{cite web|title=Wheeling & Dealings: BroadSoft to Enter German Market Through finocom Acquisition|url=http://unified-communications.tmcnet.com/topics/unified-communications/articles/363966-wheeling-dealings-broadsoft-enter-german-market-through-finocom.htm|website=Unified Communications|accessdate=8 February 2018}}
• August 2014 – Acquired Systems Design & Development, Inc. (SDD){{cite web|title=BroadSoft targets hospitality industry with SDD acquisition|url=https://www.networkworld.com/article/927826/uc-voip-broadsoft-targets-hospitality-industry-with-sdd-acquisition.html|website=NetworkWorld|access-date=8 February 2018}}
• January 2015 – Acquired Leonid Systems{{cite web|title=BroadSoft buys Reston company in bid for collaboration software dominance|url=https://www.bizjournals.com/washington/news/2016/05/31/broadsoft-buys-reston-company-in-bid-for.html|website=Washington Business Journal|accessdate=8 February 2018}}
• June 2015 – Acquired mPortal
• November 2015 – Acquired PBXL
• February 2016 – Acquired Transera
• May 2016 – Acquired Intellinote
• October 2016 – Acquired VoIP Logic{{cite web|title=BroadSoft Buys Cloud Communications Vendor VoIP Logic|url=http://www.eweek.com/networking/broadsoft-buys-cloud-communications-vendor-voip-logic|website=eWeek|accessdate=8 February 2018}}
• November 2016 – Launches Team-One{{cite web|title=Make way for another Slack competitor, Team-One from BroadSoft|url=https://techcrunch.com/2016/11/16/make-way-for-another-slack-competitor-team-one-from-broadsoft/|website=TechCrunch|accessdate=8 February 2018}}
• October 2017 - BroadSoft announced that it had entered into an agreement to be acquired by Cisco for approximately $2 billion.{{cite web|title=Cisco buys BroadSoft for $1.71 billion in software push|url=https://www.reuters.com/article/us-broadsoft-m-a-cisco-systems/cisco-buys-broadsoft-for-1-71-billion-in-software-push-idUSKBN1CS02Q|website=Reuters|accessdate=8 February 2018}}
• February 2018 - BroadSoft acquired by Cisco{{cite web|title=Cisco Cisco completes $1.9 billion acquisition of BroadSoft|url=https://www.rcrwireless.com/20180205/cisco-ompletes-1-9-billion-acquisition-of-broadsoft-tag27|website=RCRWireless|accessdate=8 February 2018}}
References
{{reflist|2}}
External links
- [http://www.broadsoft.com Official corporate website]
Category:2018 mergers and acquisitions
Category:Communication software
Category:American companies established in 1998
Category:Software companies established in 1998
Category:Software companies based in Maryland
Category:Companies based in Gaithersburg, Maryland
Category:Companies formerly listed on the Nasdaq