Broadsoft officially announces Sylantro acquisition

In a short announcement released Monday morning, BroadSoft officially announced its acquisition of Sylantro Systems.

"Sylantro has been a strong competitor of BroadSoft for 10 years. This acquisition further advances our market and innovative leadership position," said BroadSoft president and CEO Michael Tessler in today's press release. "Sylantro's solutions, talent and customers complement BroadSoft's business and enhance our ability to deliver compelling solutions and services to our customers."

BroadSoft did not disclose terms of the transaction in the release. Sources closes to both sides say that BroadSoft acquired Sylantro at "fire sale" prices, with BroadSoft assuming Sylantro's existing debt, along with getting its customers, software and other assets. BroadSoft said it intends to support Sylantro's Synergy platform through its direct sales force and authorized Sylantro and BroadSoft partners.

In the release, BroadSoft highlighted its worldwide footprint, citing development and customer operations centers in Montreal, Canada; Dallas, Texas; Bangalore, India; Sydney, Australia; Belfast, Northern Ireland; and Gaithersburg, Maryland. BroadSoft picks up Bangalore from Sylantro and the Dallas facility comes from BroadSoft's earlier acquisition of GENBAND's M6 Communications Applications Server (which was formally VocalData) in August.

For more:
- BroadSoft buys Sylantro. Release [1]