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BroadSoft Increases its Investment in the German Market with the Acquisition of finocom
18 Dec, 2013
German cloud service provider will expand BroadSoft's ability to capitalize on the enterprise transition to cloud-based unified communications services
- Transaction enables BroadSoft to accelerate the availability of its BroadCloud unified communications services in the German market.
- Acquisition is expected to add approximately $2.5 million in revenue in 2014 and to be slightly dilutive on earnings on a non-GAAP basis.
- Total consideration for the acquisition is approximately $9 million in cash.
- Accelerate time-to-market and, therefore speed time-to-revenue
- Reduce infrastructure and on-going support costs