Page 1 - Cisco Tribune Q4 2017

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NEWS l PRODUCTS l PEOPLE l EVENTS
TRIBUNE
THE INDEPENDENT REPORT ON THE CISCO TECHNOLOGY MARKET
SEE PAGE 3
AMC Technology’s Contact CanvasTM Solution Achieves Cisco Compatible Certification
SEE PAGE 3
Cisco Selects IR Prognosis for Inclusion in Global Price List
Cisco Announces Agreement
to Acquire BroadSoft,
a Leader in Cloud Calling and Contact Center Solutions
Complements Cisco’s Commitment to Delivering Next-Generation Collaboration Experiences to Workers Across Every Room, Desk, Pocket and Application, On Premises or in the Cloud
SAN JOSE, CA and GAITHERSBURG, MD - Cisco (NASDAQ: CSCO) and BroadSoft (NASDAQ: BSFT) have announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.
“Together, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across every market segment,” said Rowan Trollope, senior vice president and general manager of Cisco’s Applications Business Group. “We believe that our combined offers, from Cisco’s collaboration technology for enterprises to BroadSoft’s suite for small and medium businesses delivered through Service Providers will give customers more choice and flexibility.”
“We are excited about this transaction, which represents the culmination of a robust process undertaken by BroadSoft’s Board of Directors to maximize shareholder value,” said Michael Tessler, president and CEO, BroadSoft. “As businesses continue to move toward the cloud in search of simplicity and speed, joining Cisco will allow us to deliver best- in-class collaboration tools and services. BroadSoft’s hosted offerings, sold through the Service Providers and aimed at small
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4th Quarter Volume 10, Issue 4 • www.ciscotribune.com • A report published by Telecom Reseller
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