Cisco Ventures Into the Cloud, Acquires Broadsoft for $1.9 Billion

Cisco has just signed a check worth $1.9 billion for Broadsoft, a clear sign that the company is set on moving away from switches and routers and expanding its product portfolio. Cisco, the world’s biggest producer of networking gear, announced on Monday that it offered Broadsoft $55 per share, a 28% premium over its closing …

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