Cisco set to buy BroadSoft
 

Will write $2 billion cheque

Networking giant Cisco is close to a deal to buy telecommunications software firm BroadSoft for $2 billion.

The agreement allows Cisco to diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling unified communications software to big telecommunications firms.

If deal negotiations are completed successfully, Cisco’s agreement to buy BroadSoft could be announced as early as today.

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