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BroadSoft Acquires VoIP Competitor
Multichannel News
By odd Spangler
December 29, 2008
BroadSoft, a provider of voice-over-Internet-Protocol applications
for cable and telecommunications providers, announced Monday it
has acquired privately held Sylantro Systems, a competing VoIP
systems vendor. Terms of the deal were not disclosed.
"Sylantro has been a strong competitor of BroadSoft for 10 years.
This acquisition further advances our market and innovative leadership
position," BroadSoft president and CEO Michael Tessler said, in
a statement.
Other vendors in the segment include MetaSwitch, Sonus Networks,
Cedar Point Communications and Nortel Networks.
BroadSoft customers include Cox Communications, Verizon Communications,
Sprint, Telstra, SingTel and Korea Telecom, while Sylantro’s include
AT&T, Qwest Communications International, China Netcom and StarHub.
Sylantro had 144 employees and $33.5 million in revenue for 2007,
and BroadSoft had 85 employees and $9.5 million in 2007 revenue,
according to the Hoover’s company database.
BroadSoft spokeswoman Kristin Martell said the majority of Sylantro’s
employees will join the company. BroadSoft, based in Gaithersburg,
Md., intends to support Sylantro's Synergy platform through its
direct sales force and partners.
Investors in Sylantro included Accel Partners, Mayfield Fund,
Rembrandt Venture Partners, Scale Venture Partners, Summerhill
Venture Partners and Vanguard Ventures. Campbell, Calif.-based
Sylantro was founded in 1998.
BroadSoft also was founded in 1998 and has received funding from
Bessemer Venture Partners, Charles River Ventures, and Columbia
Capital.
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