According to Reuters, BroadSoft (BSFT) seeking strategic alternatives

  • August 31, 2017

BroadSoft Inc, (BSFT) a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter.

Update(s):

October 23, 2017: Cisco Systems Inc. (CSCO) is close to a deal to acquire software maker BroadSoft Inc., (BSFT) according to people with knowledge of the situation.

October 23, 2017: Cisco  (CSCO) and BroadSoft (BSFTtoday announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt.