BroadSoft Acquires Leonid Systems
Leonid’s intuitive web portal offers service providers superior user experience for management and delivery of BroadWorks-enabled Unified Communications services
Key Acquisition Takeaways:
- Significantly enhances Unified Communications service management for BroadWorks service provider customers
- Reinforces BroadSoft’s commitment to delivering a superior user experience to service providers and their customers at every phase of the UC customer lifecycle
- Leonid, a trusted BroadSoft partner, has several years experience delivering web portals for BroadSoft customers
GAITHERSBURG, MD., January 12, 2015 – BroadSoft, Inc. (NASDAQ: BSFT) today announced it has acquired Leonid Systems, Inc., significantly enhancing Unified Communications (UC) service management and the delivery of a superior user experience for telecommunications service providers that leverage the BroadWorks® platform.
Leonid, a leading hosted Voice over Internet Protocol (VoIP) OSS provider based in Falls Church, VA, has developed a purpose-built, intuitive web portal for BroadWorks service provider customers that allows enterprise IT administrators and end-users to simplify the configuration and management of their BroadWorks-based hosted Unified Communications services. Leonid’s web portal improves the overall navigation, accessibility, presentation and performance of BroadSoft’s UC-One application, enhancing business collaboration and productivity by making real-time communications services such as instant messaging, presence, voice calling and video calling accessible through a single interface from any Internet-supported desktop, laptop, smartphone or tablet.
“BroadSoft recently unveiled a new corporate identity built around enhancing the user experience at each phase of the Unified Communications customer lifecycle – from upfront service messaging, to the sales and service implementation process, to service adoption and usage,” said Michael Tessler, chief executive officer, BroadSoft. “As service providers increasingly demand a superior front-end UC services experience that is intuitive and modern, we recognized that Leonid had the expertise and experience to help BroadSoft better meet the evolving service delivery needs of our customers.”
Leonid has been a trusted BroadSoft partner for several years, with significant experience delivering unified web portals that enable BroadSoft service provider customers with BroadWorks software implemented to more rapidly initiate and provision UC services and ensure easy self-service configuration and administration by system users. As a result, BroadSoft believes that the acquisition will result in an enhanced, non-disruptive end user experience for BroadSoft’s global customers.
The acquisition is expected to contribute approximately $3 million in incremental revenue in 2015 and be approximately neutral on a 2015 non-GAAP earnings per share basis.
BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling, messaging and collaboration communication services, including private branch exchanges, video calling, text messaging and converged mobile and fixed-line services. For additional information, visit http://www.BroadSoft.com.
This press release may contain 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 “enable,” and “will” and other similar terms and phrases and include statements regarding BroadSoft’s ability to incorporate Leonid’s operations into its existing operations, the expected benefits of the acquisition to BroadSoft and its service provider customers, BroadSoft’s retention of the Leonid workforce, the expected benefits of Leonid’s portal and other product offerings to our service provider customers and the expected impact of the acquisition on BroadSoft’s financial results. The outcome of the events described in these forward-looking statements are 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, the possibility that the anticipated financial and other benefits from the acquisition are not realized or are lower or take longer to realize than expected, BroadSoft does not successfully integrate Leonid’s operations into its own or BroadSoft is unable to retain Leonid’s customers or personnel, as well as those factors contained in the “Risk Factors” sections of BroadSoft’s Form 10-K for the year ended December 31, 2013 filed with the SEC on February 28, 2014, and in BroadSoft’s other filings with the SEC. All information in this press release is as of January 12, 2015. 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 BroadSoft’s expectations.
Brian Lustig, Bluetext PR for BroadSoft
Becky Stanway, Hotwire PR London, for BroadSoft
+44 (0) 20 7608 4657
John Kiang, CFA, BroadSoft, Inc.