Skip to content
Subscriber Only

Cisco Buys Software Maker BroadSoft for About $1.9 Billion

  • Offer is 28 percent premium since reports of sale in August
  • Deal gives Cisco presence in segment of market it lacked
Bloomberg business news

Why Cisco Is Buying Software Maker BroadSoft

Updated on

Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services.

The $55-a-share cash offer announced Monday is a 28 percent premium over BroadSoft’s closing price on Aug. 29, a day before Reuters reported that the Gaithersburg, Maryland-based company was working with bankers to pursue a possible sale. The acquisition is expected to close during the first quarter of 2018, Cisco said.