Cisco Systems, the major Internet hardware provider, is buying Gaithersburg-based Broadsoft, Inc. for $1.9 billion; the companies made a joint announcement Oct. 23.
Broadsoft, which according to securities disclosures has about 200 employees at two locations in Gaithersburg, supplies corporations with software platforms for customer service, internal communications, and cloud migration. It has customers in 80 countries, including 25 of the 30 largest Internet service providers worldwide, ranked by revenue.
While headquartered in Gaithersburg, Broadsoft has more than 1,700 employees worldwide.
For San Jose, Calif.-based Cisco, the Broadsoft acquisition is part of a wide-ranging move in the last several years to add web and cloud applications and services to its product portfolio, explained Rowan Trollope, Cisco senior vice president, in a telephone press conference. Broadsoft also brings in many small- and medium-sized businesses to Cisco as customers, he said.