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Cisco to buy local software company Broadsoft for $1.9 Billion

Cisco BroadsoftCisco 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.

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Exelon and Pepco look to make it official

  • Published in Local

handshakeROCKVILLE - Pepco and Exelon Utility Holdings are now officially asking to become one. More than three months after Exelon announced it would buy Pepco, the companies filed a merger approval request with the Maryland Public Service Commission (PSC).

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