reuters

Cisco to buy BroadSoft in $1.9 billion deal

(Reuters) – Cisco Systems Inc (CSCO.O), the world’s largest networking gear manufacturer, said it will buy U.S. telecommunications software company BroadSoft Inc (BSFT.O) in a deal valued at about $1.9 billion, including debt.

Cisco said it would offer $55 per share, a premium of 2 percent to BroadSoft’s last close.

The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify from its stagnating switches and routers business by giving it a stronger foothold in selling unified communications software to big telecommunications firms.

Article Source: Reuters

CloudBuzz

The latest in curated technology related news collected from many of the leading news distribution, industry research and technology vendor firms on the planet.

Here you will find recent news sources from companies such as Reuters, Marketwired, IDC, Gartner or directly from cloud vendors such as Google, Microsoft or Amazon.

Additional Articles

CISCO NEWS

Cisco and Google Partner on New Hybrid Cloud Solution

Cisco and Google Partner on New Hybrid Cloud Solution

Cisco and Google Partner on New Hybrid Cloud Solution, Enabling Apps to Span On-Premises Environments and Google Cloud Platform SAN ...
Cisco to buy BroadSoft in $1.9 billion deal

Cisco to buy BroadSoft in $1.9 billion deal

(Reuters) - Cisco Systems Inc (CSCO.O), the world’s largest networking gear manufacturer, said it will buy U.S. telecommunications software company ...
Cisco Unveils Industry's First Predictive Services Powered by AI

Cisco Unveils Industry’s First Predictive Services Powered by AI

New offerings designed to manage growing technical skills gap through unique expertise, intelligence and automation SAN JOSE, CA--(Marketwired - Oct ...
Cisco Spark Makes Four Major Breakthroughs in Security, Compliance, and Analytics

Cisco Spark Makes Four Major Breakthroughs in Security, Compliance, and Analytics

Cisco Spark Makes Four Major Breakthroughs SAN FRANCISCO, CA--(Marketwired - Aug 21, 2017) - Cisco (NASDAQ: CSCO) understands the importance of ...
Cisco 2017 Midyear Cybersecurity Report predicts new "Destruction of Service" attacks; scale and impact of threats grow

Cisco 2017 Midyear Cybersecurity Report predicts new “Destruction of Service” attacks; scale and impact of threats grow

Cisco 2017 Midyear Cybersecurity Report Key industries need to improve security posture as information technology and operational technology converge SAN ...
Cisco and IBM Join Forces to Tackle Cybercrime

Cisco and IBM Join Forces to Tackle Cybercrime

NEW YORK , May 31, 2017 /PRNewswire/ -- Cisco and IBM (NYSE: IBM) Security today announced they are working together ...
Skin Based Technology - The Intelligent Tattoo

Skin Based Technology – The Intelligent Tattoo

The Intelligent Tattoo I’ve got you under my skin: the rise of the intelligent tattoo As the Internet of Everything ...
Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop The mannequin in the store window stares blankly ahead as shoppers look at the clothes it is ...
The Internet of Everything Opens Up The World

The Internet of Everything Opens Up The World

Shaping The World With New Technologies As a connected collection of intelligent objects, the Internet of Everything promises to open ...
cloud trends

Corporate Life And The Internet of Everything

The Internet of Everything When looking at the four component pillars of the Internet of Everything, people, process, data, and ...