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BroadSoft Inc.
Company typeSubsidiary
Nasdaq: BSFT
IndustryCommunication software
Founded1998; 26 years ago (1998)
HeadquartersGaithersburg, Maryland,
United States
Key people
RevenueIncrease US$ 340.96 million (2016)
Increase US$ 15.51 million (2016)
Increase US$ 0.82 million (2016)
Total assetsIncrease US$ 651.20 million (2016)
Total equityIncrease US$ 301.23 million (2016)
Number of employees
1,597 (2016)
ParentCisco Systems
Websitewww.broadsoft.com
Footnotes / references
[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, 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

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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]

References

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