Cisco to Acquire BroadSoft for $1.9 Billion
Cisco is having a good week. On Monday, Cisco (NASDAQ: CSCO) announced its intention to acquire BroadSoft (NASDAQ: BSFT), a cloud-based communications and collaboration solutions provider, for approximately $1.9 billion. Though the acquisition must jump through regulatory hoops first, both companies’ boards have approved the sale, which is expected to close in the first quarter of 2018. Until then, the companies will operate separately. This announcement comes just four days after Cisco announced its intent to purchase Perspica, Cisco’s 200th acquisition, making the BroadSoft acquisition number 201.
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