BroadSoft

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BroadSoft Inc.
Company typeSubsidiary
Nasdaq: BSFT
IndustryCommunication software
Founded1998; 28 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, KPN 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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