GAITHERSBURG, Md., Oct. 31, 2016 (GLOBE NEWSWIRE) -- BroadSoft, Inc. (NASDAQ:BSFT), a global unified communication software as a service (UCaaS) leader, has acquired VoIP Logic, a wholesale provider of BroadWorks-based cloud communications services to internet and other service providers in the US. VoIP Logic has been successful in growing its customer base by offering an attractive cloud wholesale offer to its customers. This cloud model will be added to the BroadSoft BroadCloud? portfolio and addresses the needs of service providers who want greater control of their platform.
With best-of-breed technology and proven geographic resiliency, security and uptime, VoIP Logic offers service providers the control and flexibility to design, integrate and update their cloud services to address their customer’s evolving requirements. As an established cloud PBX and BroadSoft UC-One? application provider, VoIP Logic will complement the BroadCloud UCaaS solution, which enables service providers to leverage the feature-rich capabilities, flexibility and reliability of BroadWorks? and UC-One while transforming from a CAPEX-intensive infrastructure to a scalable, flexible OPEX service model. VoIP Logic will represent an exciting complementary piece of the BroadSoft SaaS portfolio.
“We see that a large percent of data consumed by today’s business is through cloud services, which is why BroadSoft has become the go-to cloud transformation partner for service providers seeking to rapidly shift their legacy telecom infrastructure to a network capable of delivering enterprise cloud applications for mobile unified communication, team collaboration and customer engagement,” said Taher Behbehani, chief digital and marketing officer, BroadSoft. “VoIP Logic further strengthens our BroadCloud UCaaS solution portfolio, and the ability for our service provider customers to fully benefit from the cloud.”
For 2016, BroadSoft expects the acquisition to contribute approximately $800,000 in revenue and be $0.01 dilutive to its non-GAAP earnings.
About BroadSoft:
BroadSoft is the technology innovator in cloud communications, collaboration, and contact center solutions for businesses and service providers across 80 countries. We are the market share leader for cloud unified communications with an open, mobile and secure platform trusted by 25 of the world’s top 30 service providers by revenue. Our BroadSoft Business application suite empowers users and teams to share ideas and work simply to achieve breakthrough performance.
For additional information, visit www.BroadSoft.com.
About VoIP Logic:
VoIP Logic is a Platform-as-a-Service (PaaS) provider of Voice over-Internet Protocol (VoIP) technology to carriers and Service Providers. VoIP Logic allows Service Providers to dramatically reduce the cost and complexity of running a facilities-based communications service. Using our infrastructure spread across 6 collocation facilities, any Service Provider can design and incorporate systems and solutions into their interconnected VoIP, Information Technology or other services using leading technologies, with a high level of control, with substantial economies of capital and operations while working with an experienced and credentialed engineering team. Learn more at http://www.voiplogic.com/.
