Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO), in its pending acquisition of BroadSoft, Inc. (NASDAQ: BSFT), a leader in cloud calling and contact center solutions. Cisco will acquire BroadSoft for approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition is expected to close during the first quarter of calendar year 2018, subject to customary closing conditions and regulatory review.
With the acquisition, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across market segments and reinforce Cisco’s commitment to Unified Communications, while enhancing its ability to address the millions of aging TDM lines poised to transition to IP technology and cloud native solutions over the coming years. More information about Cisco’s acquisition of BroadSoft can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Doug Cogen, Ken Myers, Ryan Slunaker, Maureen Montgomery and Isabel De Roza; technology transactions lawyers Stephen Gillespie, Jonathan Millard, Chris Joslyn, Ana Razmazma, Jung Yoo, Emily Lippincott, Ed Heffernan, Jalila Sparks, Julia Chung, Lindsay Tang and Emily Bullis; privacy and cybersecurity lawyers Tyler Newby and Hanley Chew; antitrust lawyer Mark Ostrau; executive compensation and employee benefits lawyers Gerald Audant, Kristin O’Hanlon, Sarah Ghulamhussain and Ariel Gaknoki; securities lawyers Bill Hughes, Julia Forbess and Nikhil Sharma; and tax lawyers Andrew Kim and Ora Grinberg.