23 Oct

Cisco scoops up BroadSoft for $1.9 billion to boost communications tools portfolio

 One thing is clear, Cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. Today it wrote out a big fat check for $1.9 billion to acquire BroadSoft, a Maryland company that delivers unified communications via service providers. The purchase gives Cisco a new way to sell its communications tools as it shifts its focus from a pure networking… Read More
Source: TechCrunch – Funding and Exits

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