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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

By

Gerrit De Vynck

October 22, 2017, 10:20 PM UTCUpdated onOctober 23, 2017, 2:27 PM UTC

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.