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14 Nov, 2015
Acquisition of PBXL Enables BroadSoft to Expand BroadCloud Footprint Into Japan; Positions Service Providers in Japan to Meet Growing SMB Demand for Cloud UC
GAITHERSBURG, MD--(Marketwired - Nov 13, 2015) -
BroadSoft, Inc. (NASDAQ:
BSFT) today announced it is expanding its BroadCloud managed hosted service to Japan with the acquisition of
PBXL, a provider of innovative cloud-based communication solutions. The acquisition enables BroadSoft to meet growing business demand in Japan for hosted unified communications services. By leveraging BroadSoft's and PBXL's expertise delivering hosted UC services, service providers will be able to target a Japanese market of 5 million small businesses that cover over 70% of Japan's work force, a market that BroadSoft believes is underserved today. "Through the acquisition of PBXL, we believe we are now positioned to expand our cloud footprint to a growth market eager to adopt cloud business services," said Michael Tessler, chief executive officer, BroadSoft. "We also believe BroadCloud offers service providers eyeing the SMB market in Japan a competitive differentiator and opportunity to grow customers and revenues." For 2016, we expect the acquisition to contribute approximately $1.5 million in revenue and be approximately $0.02 dilutive to our non-GAAP earnings. For 2015, we expect the acquisition will be dilutive by $0.02 to our non-GAAP earnings due primarily to non-recurring costs associated with the transaction. More at
www.BroadSoft.com
GAITHERSBURG, MD--(Marketwired - Nov 13, 2015) -
BroadSoft, Inc. (NASDAQ:
BSFT) today announced it is expanding its BroadCloud managed hosted service to Japan with the acquisition of
PBXL, a provider of innovative cloud-based communication solutions. The acquisition enables BroadSoft to meet growing business demand in Japan for hosted unified communications services. By leveraging BroadSoft's and PBXL's expertise delivering hosted UC services, service providers will be able to target a Japanese market of 5 million small businesses that cover over 70% of Japan's work force, a market that BroadSoft believes is underserved today. "Through the acquisition of PBXL, we believe we are now positioned to expand our cloud footprint to a growth market eager to adopt cloud business services," said Michael Tessler, chief executive officer, BroadSoft. "We also believe BroadCloud offers service providers eyeing the SMB market in Japan a competitive differentiator and opportunity to grow customers and revenues." For 2016, we expect the acquisition to contribute approximately $1.5 million in revenue and be approximately $0.02 dilutive to our non-GAAP earnings. For 2015, we expect the acquisition will be dilutive by $0.02 to our non-GAAP earnings due primarily to non-recurring costs associated with the transaction. More at
www.BroadSoft.com
