Cisco nears deal to acquire telecom software maker BroadSoft: Source

Cisco nears deal to acquire telecom software maker BroadSoft: Source

8 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/23/cisco-nears-deal-to-acquire-telecom-software-maker-broadsoft-source.html

Cisco Systems, the worlds largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft for close to $2 billion, a person familiar with the matter said on Sunday.

The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling unified communications software to big telecommunications firms.