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8-K - FORM 8-K - BROADSOFT, INC. | w84261e8vk.htm |
Exhibit 99.1
BroadSoft Signs Definitive Agreement To Acquire iLinc
Web collaboration technology provider will enhance BroadSofts cloud-based unified communications capabilities
GAITHERSBURG, MD, September 7, 2011 BroadSoft, Inc. (NASDAQ: BSFT), the leading global
provider of software that enables mobile, fixed-line and cable service providers to deliver
real-time communications over their IP networks, today announced it has signed a definitive merger
agreement to acquire all outstanding shares of Phoenix, Arizona-based iLinc Communications, Inc. in
an all-cash transaction. The closing of the acquisition is subject to the satisfaction of various
customary closing conditions.
iLincTM is a leading provider of web conferencing services for global businesses,
governments and educational institutions. The firms Software-as-a-Service (SaaS)-based web
collaboration tools enable organizations to efficiently and cost-effectively engage, learn and
collaborate.
The acquisition of iLinc and its web collaboration SaaS offering will strengthen BroadSofts
BroadCloud TM services capabilities that include high-definition (HD) video
conferencing, consumer fixed-line SMS and network assessment and monitoring capabilities.
Adoption of additional Unified Communications services, such as web collaboration, demonstrates
the desire by enterprises for a broad range of communication applications, said Michael Tessler,
chief executive officer, BroadSoft. We believe that by incorporating iLinc into our Unified
Communications services offering we will help our service provider customers meet the communication
needs of businesses of all sizes.
For more than a decade we have been offering an intuitive web conferencing solution to enterprises
that service a variety of industries to meet their unique needs, said James M. Powers, Jr.,
chairman, president & chief executive officer, iLinc Communications, Inc. With BroadSofts market
leadership position and strong international presence, we believe we are joining the right team to
best serve our existing customers and drive significant adoption of our product.
BroadSoft anticipates the acquisition will be non-dilutive to non-GAAP earnings per share
through 2012.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of
terms and phrases such as will, believe, anticipate and other similar terms and phrases and
include statements regarding BroadSofts ability to leverage the iLinc technology to enhance
BroadSofts cloud-based Unified Communications capabilities and service provider offerings and the
acquisitions impact on BroadSofts non-GAAP earnings per share through 2012. The outcome of the
events described in these forward-looking statements is subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ materially from the
results anticipated by these forward-looking statements, including, but not limited to BroadSofts
ability to: incorporate iLincs technology, continue to service the customers acquired through the
transaction at historical levels, extend iLinc services to additional customers, integrate and
retain iLinc personnel and the risk that the transaction may not close as a result of the failure
to meet closing conditions, as well as those factors contained in the Risk Factors section of
BroadSofts Form 10-Q for the quarter ended June 30, 2011, filed with the Securities and Exchange
Commission on August 8, 2011, and in BroadSofts other filings with the Securities and Exchange
Commission. All information in this press release is as of September 7, 2011. Except as required by
law, BroadSoft undertakes no obligation to update publicly any forward-looking statement made
herein for any reason to conform the statement to actual results or changes in its expectations.
About BroadSoft:
BroadSoft provides software that enables mobile, fixed-line and cable service providers to deliver
voice and multimedia services over their IP-based networks. The Companys software,
BroadWorks®, enables service providers to provide enterprises and consumers with a range
of cloud-based, or hosted, IP multimedia communications, such as hosted IP private branch
exchanges, video calling, unified communications, collaboration and converged mobile and fixed-line
services.
BroadSoft and BroadWorks are registered trademarks of BroadSoft, Inc. All other names are
trademarks of their respective owners.
Investor Relations:
Monica Gould
+1-212-871-3927
monica@blueshirtgroup.com
Monica Gould
+1-212-871-3927
monica@blueshirtgroup.com
Industry Analyst / Media Relations:
Elaine Myada
+1-240-720-9558
emyada@broadsoft.com
Elaine Myada
+1-240-720-9558
emyada@broadsoft.com
Brian Lustig
+1-301-775-6203
brian@lustigcommunications.com
+1-301-775-6203
brian@lustigcommunications.com
Sarah ONeill
+44 (0) 207 751 4444
soneill@miliberty.com
+44 (0) 207 751 4444
soneill@miliberty.com
BSFT-F