Cisco BroadSoft expects to buy over $ 2 billion
Cisco Systems, the biggest network-equipment maker, may soon get company BroadSoft, which develops telecommunications SOFTWARE. About it to Agency Reuters said the informant familiar with the situation. The amount of the transaction is estimated at $ 2 billion.
The purchase will allow Cisco to continue the diversification drive, designed to reduce the dependence of the giant from the slowing of the market for routers and switches.
If the talks succeed, the agreement could be announced as early today.
Representatives of Cisco and BroadSoft did not comment on a possible deal.
Historically, BroadSoft sells its Verizon Communications, AT&T and other large companies, which subsequently supply it to their customers. BroadSoft recently tried to change the business model, negotiating with the customers directly, but it jeopardized the relationship with major partners.