QUOTE AND NEWS
Cloud Computing  Feb 17  Comment 
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on...
Telecom Ramblings  Jan 13  Comment 
The unified communications wing of the cloud saw a bit more consolidation late yesterday, as BroadSoft went on the inorganic offensive.  The longtime VoIP software and services platform provider has purchased one of its partners, Leonid...
Telecom Ramblings  Jan 8  Comment 
Here's a quick roundup of some industry news over the past 24 hours or so that's worth a quick look: An unnamed US carrier is expanding its network in Hong Kong.  Hutchison Global Communications says that it has provisioned its first 100G...
TheStreet.com  Dec 11  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
Benzinga  Nov 5  Comment 
Elecsys Corp (NASDAQ: ESYS) +83% - Late Tuesday, Lindsay Corporation announced it will buy Elecsys for ~$70.5 million. Coupons.com Inc (NYSE: COUP) +28% - The company announced third quarter results Tuesday night, beating top and bottom line...
Benzinga  Nov 5  Comment 
BroadSoft (NASDAQ: BSFT) reported upbeat earnings for the third quarter. The Gaithersburg, Maryland-based reported a quarterly loss of $2.3 million, or $0.08 per share, versus a year-ago net loss of $4.1 million, or $0.14 per shares. Excluding...
StreetInsider.com  Nov 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Verizon+%28VZ%29+Selects+Broadsoft+%28BSFT%29+Tech+for+Project/9976863.html for the full story.




 
TOP CONTRIBUTORS

Broadsoft (BSFT) (NASDAQ:BSFT) is a provider of IP-based application server software to telecommunication companies. The company allows fixed-line, mobile and cable service providers to have the capability of voice and data services over Internet protocol-based (IP) networks. The company's product BroadWorks lets its customers provide video calling, unified communication, and collaboration of mobile and fixed-lines services. Therefore telecommunication companies have a new revenue stream and incorporate new technologies into its existing business model. According to research firm Infonetics Research, it estimated that Broadsoft's market share of multimedia application server software was around 33%. [1]

The telecommunication service providers with traditional business models have seen declines in its typical services. The customer demands have changed and each telecommunication provider needs to make a returns on its investments in IP-based networks. As telecommunication providers add additional multimedia services, the scaling and managing of these services is getting increasingly difficult. [1]

The company's initial public offering of stock filed on the NASDAQ and went public on 14 June 2010. The stock priced at $9.00, the low end of the $9-$11 initial price range. The company offered 7.5 million shares to raise $68 million. [1]

For the FY2009 with year ended 31 December 2009, the company had total revenue of $68.9 million, up 11.5% from $61.8 million in total revenue for FY2008. Furthermore, the company had a net loss of $7.8 million for FY2009, an increase from a net loss of $11.2 million for FY2008. The total revenue was distributed with 55% in Licenses and 45% in Maintenance and professional services. [1]

References

  1. 1.0 1.1 1.2 1.3 Broadsoft S-1/A
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