BroadSoft Set to Acquire iLinc
BroadSoft, Inc. a provider of software that enables mobile, fixed-line and cable service providers to deliver real-time communications over their IP networks, will acquire all outstanding shares of Phoenix, Ariz.-based iLinc Communications Inc. in an all-cash transaction. This merger is subject to the satisfaction of various customary closing conditions.
iLinc is a provider of Web conferencing services for global businesses, governments and educational institutions. The firm's Software-as-a-Service (SaaS)-based web collaboration tools offer companies to efficiently and cost-effectively engage, learn and collaborate.
"Adoption of additional unified communications services, such as Web collaboration, demonstrates the desire by enterprises for a broad range of communication applications," said Michael Tessler, chief executive officer, BroadSoft. "We believe that by incorporating iLinc into our unified communications services offering we will help our service provider customers meet the communication needs of businesses of all sizes."
According to a press release, the acquisition of iLinc and its Web collaboration SaaS offering will strengthen BroadSoft's BroadCloud services capabilities that include high-definition (HD) video conferencing, consumer fixed-line SMS and network assessment and monitoring capabilities.
"For more than a decade we have been offering an intuitive web conferencing solution to enterprises that service a variety of industries to meet their unique needs," said James M. Powers, Jr., chairman, president & chief executive officer, iLinc Communications, Inc. "With BroadSoft's market leadership position and strong international presence, we believe we are joining the right team to best serve our existing customers and drive significant adoption of our product."
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Mandira Srivastava is a unified communications contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.
Edited by Tammy Wolf