Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/02/2018 20:59 
23.10.2017 23:44 News >> Us: Cisco Acquires Broadsoft For $1.9 Billion

Us: Cisco Acquires Broadsoft For $1.9 Billion

Networking giant buys communication software company in its 200th acquisition.

Cisco announced a $1.9 billion deal Monday to acquire BroadSoft -- creator of business communications software.

The acquisition is a bid to grow Cisco's reach beyond networking and routing offerings for its business customers.

Last year, BroadSoft released a team communications tool called Team-One that has become a popular management program.

Founded in 1984, Cisco built its business around routing hardware but with the growth of cloud computing, it has focused in recent years on business software tools.

"Together, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across every market segment," Rowan Trollope, a senior vice president at Cisco, said in a statement. "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."

Cisco has been aggressive in diversifying its portfolio of products – the purchase of BroadSoft is the company's 200th acquisition.

Last week, Cisco said it intended to buy machine learning company Perspica and, in January it purchased AppDynamics for $3.7 billion. AppDynamics, which builds software that manages apps, was poised to go public before the deal.

Cisco has bought four other companies in 2017.

With the acquisition of BroadSoft, Cisco hopes to better compete with communications software giants such as Google, Facebook, Microsoft and Slack.

"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," according to BroadSoft CEO Michael Tessler. "BroadSoft's hosted offerings … are highly complementary to Cisco's on-premises and enterprise-centric HCS offerings."

The deal is expected to close early next year and BroadSoft will be folded into a division led by Trollope. -



        Latest News
Sudanese Student Teaches Turkish To Village Children 4 minutes ago...
'I want to do something in return for Turks' generosity,' says Halid Osman, who studied for a year in Turkey.
Basketball: Anadolu Efes Crowned Turkish Cup Champions 19 minutes ago...
Istanbul side defeats TOFAS 78 61 in final, taking home trophy for a record 11th time.
Turkey's Syria Operation Not Against Kurds' 19 minutes ago...
'Our operation is against a terrorist group,' the PYD/PKK, near Turkey's border, says Turkish ambassador to Spain.
Turkish Pm: Using Leopard 2 Tank İn Syria Op 'Natural' 49 minutes ago...
'If we don't use these arms amid constant attacks on our soil, when will we use them?' Binali Yildirim tells German media.
Update - Turkish, Free Syrian Army Forces Free Villages İn Afrin 49 minutes ago...
Villages of upper and lower Hecika, Dervish Ubashi in western Afrin, Syria cleared of PYD/PKK terrorists as part of Afrin op.

 
      Top News
75 Pct Of Damascus Palestinian Camp Under Daesh Control 75 Pct Of Damascus Palestinian Camp Under Daesh Control
Turkey Commemorates 66 Years Of NATO Membership Turkey Commemorates 66 Years Of NATO Membership
Turkey Condemns Suicide Bombings İn Nigeria Turkey Condemns Suicide Bombings İn Nigeria
Turk Eximbank Eyes More İnternational Cooperation Turk Eximbank Eyes More İnternational Cooperation
Syrian Refugee: Turkish Forces Saved Us Syrian Refugee: Turkish Forces Saved Us
Gambia: One Year On, Barrow's Transition İn Doubt Gambia: One Year On, Barrow's Transition İn Doubt
Turkish, Iraqi Pms Stress Cooperation Against Terrorism Turkish, Iraqi Pms Stress Cooperation Against Terrorism
Turkey: 2 Arrested Over Online Terror Propaganda Turkey: 2 Arrested Over Online Terror Propaganda
Flu Killed 22 American Children Last Week Flu Killed 22 American Children Last Week
Update - Fbı Failed To İnvestigate Florida Shooter Tip Update - Fbı Failed To İnvestigate Florida Shooter Tip