BroadSoft Agrees to Acquire Messaging Provider Casabi
GAITHERSBURG, MD-- October 14, 2010 - BroadSoft, Inc. (NASDAQ: BSFT), the leading global provider of IP-based communications services to the telecommunications industry, today announced it has signed a definitive agreement to acquire substantially all of the assets of Campbell, California-based Casabi, Inc., a privately held provider of innovative, cloud-based personalized content and messaging applications, for approximately $1.95 million. The closing of the acquisition is subject to the satisfaction of various customary closing conditions.
Casabi empowers cable, fixed-line and mobile telecommunications service providers to expand their consumer offerings to include fixed-line SMS, customized information services, and tools that keep families organized. Through this hosted application, family members can send group text messages to any phone number (fixed-line or mobile), access voicemail, make real-time updates to a family calendar, and share a network address book.
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BroadSoft Signs Definitive Agreement to Acquire Casabi