BroadSoft, Inc. is a communication software and service provider that was acquired by

Cisco Systems Cisco Systems, Inc. (using the trademark Cisco) is an American multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, m ...

in 2018. BroadSoft was founded in 1998 and completed its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in 2010, and was headquartered in Maryland. It partners with carriers and large service providers in several countries. BroadSoft’s customers include

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Verizon Communications Verizon Communications Inc. ( ), is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the ...

, Sprint,

Charter Communications Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. The company is headquartered in Stamford, Connecticut. With over 32 million customers in 41 states as of 2022, it is the ...

Comcast Comcast Corporation, formerly known as Comcast Holdings,Before the AT&T Broadband, AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not th ...

KPN Koninklijke KPN N.V. (Royal KPN N.V. in English), trading as KPN is a Dutch List of telephone operating companies, telecommunications company. KPN originated from a government-run postal, telegraph and telephone service and is based in Rotterda ...

and

Vodafone Vodafone Group Public Limited Company () is a British Multinational company, multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates Service (economic ...

. The company provides technology for service providers to build

cloud-based Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to International Organization for ...

communications services such as voice, video, web conferencing and team messaging and contextual services.

History

The company was founded by Michael Tessler and Scott D. Hoffpauir in 1998. Prior to Broadsoft, Tessler worked at several

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

manufacturers and later joined Celcore, a wireless startup. Following the acquisition of Celcore by

Alcatel Alcatel SA was a French industrial conglomerate active between 1963 and 2006. It has roots to ''Compagnie Générale d’Electricité'' (CGE), a conglomerate founded in 1898 as an early state owned cable and telephone equipment company that lat ...

, Tessler and Hoffpauir, an executive at Alcatel, decided to branch out on their own and create BroadSoft. BroadSoft then received $5 million in Series A round funding. BroadSoft grew organically and through acquisitions over 20 years. • 1998 – Company officially started with the name iKnow • 1999 – Renamed to BroadSoft • August 2000 – Montreal research and development center opened • 2003 – Fujitsu becomes the principal system integration partner for BroadSoft in the Asia-Pacific • September 2005 – Acquired Carbon Twelve • November 2006 – Opened new offices in

Belfast Belfast (, , , ; from ) is the capital city and principal port of Northern Ireland, standing on the banks of the River Lagan and connected to the open sea through Belfast Lough and the North Channel (Great Britain and Ireland), North Channel ...

, Northern Ireland • August 2008 – Acquired Genband's M6 communication applications server, formerly VocalData • December 2008 – Acquired Sylantro Systems • October 2009 – Acquired Packet Island • June 2010 – BroadSoft debuted on the Nasdaq Global Market • October 2010 – Acquired Casabi • October 2011 – Acquired iLinc Communications and Movial Applications Oy • April 2012 – Acquired Partners 1993 EOOD • August 2012 – Acquired Adaption Technologies Ventures • August 2013 – Acquired Hosted IP Communications (

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

) Limited (HIPCOM) • December 2013 – Acquired finocom AG • August 2014 – Acquired Systems Design & Development, Inc. (SDD) • January 2015 – Acquired Leonid Systems • June 2015 – Acquired mPortal • November 2015 – Acquired PBXL • February 2016 – Acquired Transera • May 2016 – Acquired Intellinote • October 2016 – Acquired VoIP Logic • November 2016 – Launches Team-One • October 2017 - BroadSoft announced that it had entered into an agreement to be acquired by Cisco for approximately $2 billion. • February 2018 - BroadSoft acquired by Cisco

References

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External links

Official corporate website
2018 mergers and acquisitions Communication software American companies established in 1998 Software companies established in 1998 Software companies based in Maryland Companies based in Gaithersburg, Maryland Cisco acquisitions Companies formerly listed on the Nasdaq 2010 initial public offerings Defunct software companies of the United States