Cisco to buy Broadsoft for US$1.9billion

Cisco Systems is said to buy Broadsoft for US$1.9billion during the first quarter of 2018, in hope to expand its communications software offerings.

Marking a 2% premium to Broadsoft’s closing price on Friday, the networking technology giant pays US$55 per share.

According to usatoday, BroadSoft’s attention on small and medium-sized businesses will improve Cisco’s offerings.

Cisco noted to usatoday that more businesses expect fully featured voice and contact centre solutions with the ability to deploy them on-premises or in the cloud.

Written by Leah Alger