October 23, 2017 / 12:43 PM / in a month

BRIEF-Cisco announces agreement to acquire Broadsoft

Oct 23 (Reuters) - Cisco Systems Inc

* Cisco announces agreement to acquire Broadsoft, a leader in cloud calling and contact center solutions

* Cisco - ‍pursuant to agreement, Cisco will pay $55 per share, in cash, in exchange for each share of Broadsoft​

* Cisco - deal for ‍aggregate purchase price of approximately $1.9 billion net of cash​

* Cisco - ‍acquisition has been approved by Board of Directors of co, Broadsoft​

* Cisco - ‍prior to close, Cisco and Broadsoft will continue to operate as separate companies​

* Cisco - ‍upon completion of transaction, Broadsoft employees will join Cisco’s Unified Communications Technology Group​ Source text for Eikon: Further company coverage:

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