Cisco scoops up BroadSoft for $1.9 billion to boost communications tools portfolio

Cisco scoops up BroadSoft for $1.9 billion to boost communications tools portfolio

8 years ago
Anonymous $ZOEEBQ1zf0

https://techcrunch.com/2017/10/23/cisco-scoops-up-broadsoft-for-1-9-billion-to-boost-communications-tools-portfolio/

One thing is clear, Cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. Today it wrote out a big fat check for $1.9 billion to acquire BroadSoft, a Maryland company that delivers unified communications via service providers.

The purchase gives Cisco a new way to sell its communications tools as it shifts its focus from a pure networking hardware company to one focused on software and services delivered in the cloud. Today’s announcement comes on the heels of an announcement last week that it intended to purchase Perspica and fold the engineering team into AppDynamics, a company it purchased earlier this year for $3.7 billion. If you’re thinking, this is an acquisitive company, you’re right. It just purchased its 200th company.