Image Source: Telecoms Tech News
Cisco has announced that it will acquire cloud calling and contact centre solutions provider BroadSoft for $1.9 billion (£1.43bn) net of cash.
The acquisition of BroadSoft will not only augment Cisco's commitment to unified communications but also intensify its capacity to address the large number of old TDM (time division multiplexing) lines poised to transition to IP technology and cloud native solutions in the future.
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The board of directors of both the companies have approved the acquisition, which is anticipated to come to an end during Q1 2018, subject to customary closing conditions and regulatory review. After the transaction is complete, BroadSoft employees will join Cisco's unified communications technology group, but until then both companies will operate as separate entities.
Source: Telecoms (View full article)
Posted by Dan Corcoran on November 6, 2017 07:29 AM
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