John D. Markley Elected as Chairman of the Board of BroadSoft
GAITHERSBURG, MD, Dec 17, 2012 (MARKETWIRE via COMTEX) --
BroadSoft, Inc. (NASDAQ: BSFT) announced today that John (Jay) D.
Markley, Jr., a current member of the BroadSoft Board, has been
elected as Chairman of the Board effective January 1, 2013.
"Jay has served as a member of the BroadSoft Board since our first
round of venture funding, and during that time he has been an
indispensable source of guidance and leadership for the company,"
said Michael Tessler, president and chief executive officer,
BroadSoft. "We have benefited greatly from Jay's wealth of industry
expertise and financial perspective, and I am delighted he is poised
to take on an even greater role as Chairman."
Mr. Markley is Managing Director of Bear Creek Capital Management, an
investment company in the communications, media and technology
industries. He has served on the BroadSoft Board of Directors since
January 2002. Prior to Bear Creek, he was affiliated with Columbia
Capital where he served in a number of capacities including partner,
venture partner and portfolio company executive. Prior to Columbia
Capital, Mr. Markley served at the Federal Communications Commission.
Mr. Markley has been a director of Charter Communications, Inc.
(CHTR) since 2009 and Millennial Media, Inc. (MM) since 2006. He also
serves as a director for numerous private companies.
"As Jay prepares to assume the Chairmanship, we are tremendously
grateful for all of the efforts of Bob Goodman, our outgoing
Chairman," Tessler added. "Bob and his Bessemer partners were the
original institutional investors in BroadSoft, and Bob had the vision
to see, and guidance to help us achieve what our company was capable
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 network.
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.
SOURCE: BroadSoft, Inc.
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