Skip to main content

Cisco Systems Inc Soon To Close The Deal With BroadSoft Software At $2 Billion

Cisco Systems Inc. soon to close the deal with BroadSoft and acquire the Software company at $2 Billion, a close source told the Associated Press. BroadSoft is a US Telecommunications software firm working with Jefferies Group to seek suitors at a market value of $1.7 billion.

The source working closely on the matter didn’t wish to disclose the name since the discussions are confidential. If the deal finalized as planned, the official announcement may come through even on Monday.

The world’s largest networking equipment manufacturer with its popular routers and switches, Cisco has been facing a revenue decline and like other legacy firms has been focusing on other trending fields including big data, Internet of Things, and Internet Security.

Strategic Technological Fit For Cisco System Inc.

Cisco has been acquiring companies under the leadership of CEO Chuck Robbins. Robbins has a vision for moving away from the traditional networking manufacturing and moving towards the future with software-based services. This deal could come in as the second largest acquirement by Cisco after buying out the software company AppDynamics for $3.7 billion and a software startup Viptela Inc. for $610 million.

Based in Gaithersburg, Maryland by former CEO of Alcatel, BroadSoft was founded in 1998. Cisco has been acquiring the software companies in hopes of increasing the subscription-based revenues. Serving clients like Verizon, Broadsoft created software which they resold to their business consumers.

However, recently the company tried to revamp its business model to sell directly to consumers putting its relationship with clients like AT&T and Verizon Communications at risk.

Both BroadSoft and Cisco refused to comment. However, the deal is not finalized yet and the figures may change. For now, we’ll have all the facts as revealed by the secret source and we’ll have just that… with a grain of salt.

If the deal closes soon, Cisco will have an edge with a new route to diversify away from its traditional network equipment manufacturing and gain a foothold with collaboration and contact centers.

The post Cisco Systems Inc Soon To Close The Deal With BroadSoft Software At $2 Billion appeared first on Conspiracy Talk News.



from Conspiracy Talk News http://ift.tt/2yDc0B0
via IFTTT http://ift.tt/eA8V8J
Labels:

Comments

Post a Comment

Popular posts from this blog

Facebook Personal Information Leaked Through The “Like” Button

Facebook Personal Information Leaked Through The “Like” Button : The Government of Japan today urged Facebook to improve the protection of It’s personal data, following the succession of incidents in which information has been leaked from millions of users of the social network throughout the world. -Japan urges Facebook to improve the protection of personal data . The  Committee of Protection of Information   in japan adopted a resolution in which it urges  Facebook  to  take measures to avoid similar cases, as the first warning directed to the American giant of Internet. Google Offering Products Based On User Data To Increase Revenue The document states that personal information of users of the social network included in their profiles or their browsing history  were automatically transferred to external pages of Facebook that had a link to the “like” button   , even if Internet users did not click on it. Therefore, he asks Facebook to “give clearer explanations about  h
Post a Comment
Read more

Death of young puppy aboard United flight triggers United States department inquiry

United Airlines dealt with new reactions on Wednesday regarding a young puppy dog which passed away in-flight soon after an attendant ordered it stored in an overhead box. The United States Department of Transportation stated it is taking a look at the events which resulted in the bulldog’s demise. UNITED STATE Legislator John Kennedy, whom previously on Wednesday sent out a letter to the United Airlines Commander in chief Scott Kirby, asking for relevant information regarding the significant amount of pets which have passed away while in the transporter’s care, published on Twitter that he intended to submit a bill on Thursday which will restrict airline companies from placing pets inside overhead receptacles. ” Violators will face significant fines. Pets are family,” he noted. Kennedy, within the correspondence, stated United’s “pattern of animal deaths and injuries is simply inexcusable.” The man mentioned that the numbers occurred while on air-planes  is  24 pets, which pas
Post a Comment
Read more