BroadSoft

BroadSoft, Inc. is a global 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 public in 2010, and is headquartered in Maryland.[3] It partners with more than 600 carriers and 25 of the world’s 30 largest service providers in 80 countries.[4][5] BroadSoft’s customers include AT&T, Verizon Communications, Sprint, Charter Communications, Comcast, and Vodafone.[6] The company provides the building blocks for service providers to build cloud-based communications services such as voice, video, web conferencing and now team messaging and contextual services.[7]

BroadSoft Inc.
TypeSubsidiary
IndustryCommunication software
Founded1998 (1998)
HeadquartersGaithersburg, Maryland,
United States
Key people
Michael Tessler
(President & CEO)
James A. Tholen
(CFO)
Revenue US$ 340.96 million (2016)
US$ 15.51 million (2016)
US$ 0.82 million (2016)
Total assets US$ 651.20 million (2016)
Total equity US$ 301.23 million (2016)
Number of employees
1,597 (2016)
ParentCisco Systems
Websitewww.broadsoft.com
Footnotes / references
[1]

Background

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 as a pre-startup.[9]

As a cloud communications technologies provider for over 20 years, BroadSoft grew organically and through strategic acquisitions to position itself as the leader in next-generation hosted communications solutions.[10]

History

• 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
  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.
  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. "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.
  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. "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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