GAITHERSBURG, MD -- (Marketwired) -- 06/04/15 -- BroadSoft, Inc. (NASDAQ: BSFT) today announced a correction to the press release issued on June 4, 2014 regarding the acquisition of mPortal.
In the press release, the expected revenue contribution from the acquisition was reported as approximately $7 to $8 million in incremental revenue in 2015. This amount reflected mPortal's expected full year 2015 revenue. The correct statement is as follows:
The acquisition is expected to contribute approximately $4 million in incremental revenue to BroadSoft for the remainder of 2015.
This correction does not change any other amounts or information reported in the June 4, 2015 press release.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to 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 mPortal's operations into its own or BroadSoft is unable to retain mPortal'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, 2014 filed with the SEC on February 25, 2015, and in BroadSoft's other filings with the SEC. All information in this press release is as of June 4, 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.
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.