Cisco to Buy Broadsoft for $1.9 Billion

Cisco agreed to pay $1.9 billion cash to acquire BroadSoft, a cloud-based unified communications provider for small and medium-sized businesses, Cisco said in a Monday news release. The deal is expected to close in Q1, subject to closing conditions and regulatory review. Cisco has made about 200 acquisitions, said Vice President-Corporate Development Rob Salvagno.