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crunch report | cisco buys broadsoft for $1.9 billion


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cisco systems buying broadsoft for $1.9 billion cash


new york — cisco systems will pay about $1.9 billion cash to buy broadsoft in a move aimed at expanding its communications software offerings.the networking technology giant is paying $55 per share, marking a 2 percent premium to broadsoft’s closing price on friday.gaithersburg, maryland-based broadsoft provides telecommunications technology for businesses, including phone services, audio and video conferencing and virtual meetings.broadsoft’s focus on small- and medium-sized businesses will help bolster cisco’s offerings, the san jose, california-based company said.“more and more businesses expect fully featured voice and contact center solutions with the ability to deploy them on-premises or in the cloud,” cisco said.the deal is expected to close during the first quarter of 2018.






cisco to buy broadsoft - wsj


cisco systems inc. said monday it plans to pay $1.7 billion to acquire broadsoft inc., a maker of cloud-based communications software, as the networking giant steers further away from its legacy hardware and into sales of software and services.the deal, valued at $1.9 billion including debt, to buy broadsoft, based in gaithersburg, md., would help the networking giant increase recurring revenue from subscription-based services, which cisco ceo chuck robbins has said is core to its growth strategy. increasingly, software and...






cisco steers further into cloud with $1.73 billion deal for broadsoft


cisco systems inc. said monday it will pay $1.73 billion to acquire broadsoft inc., a maker of cloud-based communications software, as the networking giant steers further away from its legacy hardware and into sales of software and services.the deal would help cisco increase its recurring revenue from subscription-based services, which chief executive chuck robbins has said is core to its growth strategy.increasingly,...






cisco steers further into cloud with $1.73 billion deal for broadsoft


cisco systems inc. plans to pay $1.73 billion to acquire broadsoft inc., a maker of cloud-based communications software, as the networking giant steers further away from its legacy hardware and into sales of software and services.the deal would help cisco increase its recurring revenue from subscription-based services, which chief executive chuck robbins has said is core to its growth strategy.increasingly,...






cisco continues uc market consolidation with broadsoft acquisition, microsoft, p


cisco systems’ planned $1.9 billion acquisition of cloud communications vendor broadsoft is the latest step by the vendor to shift its business model to one better suited to the cloud-centric nature of modern enterprises and also marks the continued consolidation in the crowded unified communications market.on oct. 23 cisco officials announced the company's intent to buy broadsoft a day after reports of negotiations between the two companies began circulating. the deal will add to cisco’s growing portfolio of communications and collaboration technologies while expanding its presence in the cloud communication space.broadsoft offers a range of cloud communication technologies and has partnered with more than 450 telecommunications companies in 80 countries to bring its products to more than






cisco scoops up broadsoft for $1.9 billion to boost communications tools portfol


one thing is clear, cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. today it wrote out a big fat check for $1.9 billion to acquire broadsoft, a maryland company that delivers unified communications via service providers.the purchase gives cisco a new way to sell its communications tools as it shifts its focus from a pure networking hardware company to one focused on software and services delivered in the cloud. today’s announcement comes on the heels of an announcement last week that it intended to purchase perspica and fold the engineering team into appdynamics, a company it purchased earlier this year for $3.7 billion. if you’re thinking, this is an acquisitive company, you’re right. it just purchased its 200th company.cisco acquisition






cisco scoops up broadsoft for $1.9 billion to boost communications tools portfol


one thing is clear, cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. today it wrote out a big fat check for $1.9 billion to acquire broadsoft, a maryland company that delivers unified communications via service providers.the purchase gives cisco a new way to sell its communications tools as it shifts its focus from a pure networking hardware company to one focused on software and services delivered in the cloud. today’s announcement comes on the heels of an announcement last week that it intended to purchase perspica and fold the engineering team into appdynamics, a company it purchased earlier this year for $3.7 billion. if you’re thinking, this is an acquisitive company, you’re right. it just purchased its 200th company.cisco acquisition






broadsoft adds ai in collaboration tool to save search time


unified communications software provider broadsoft on april 6 released a new cloud-based tool called hub that features built-in artificial intelligence to help company employees save time searching for information.broadsoft, a $400 million company that makes all its applications for cloud deployment and competes in a global market with cisco systems, microsoft, mitel, avaya, nec and others, said it believes the average knowledge worker in the u.s. wastes about 2.5 hours per 8-hour day searching for information.thus the goal of hub is to enable workers to use that time more constructively by deploying ai to address the burdens they face when trying to manage the growing volume of emails, messages, files, tasks and meetings that are created on a daily basis.hub is built into all broadsoft wo






try broadsoft


descriptiontry broadsoft is a business messaging app that enables users to have business chat conver ions and make calls using the native dialer with their business identity. users can also search corporate directories, manage basic call settings, view call history, and one-tap dial into my room. operator and system neutral, try broadsoft is completely integrated with the broadworks service delivery platform, turning the business user's personal mobile into an extension of their business communication identity. note: try broadsoft will only work when provisioned on the service.






cisco systems' stock takes a beating as outlook disappoints


san jose — cisco systems reported better-than-expected third-quarter earnings wednesday and sales that were in line with wall street forecasts, but the network-equipment giant’s outlook had investors dumping cisco’s stock in after-hours trading.cisco shares fell more than 5 percent in post-market activity as the company forecast fourth-quarter earnings of between 60 cents and 62 cents a share, excluding one-time items. cisco also said it expects revenue for the quarter to fall between 4 percent and 6 percent from the $12.6 billion it reported a year ago.that forecast would put cisco’s sales in a range of $11.84 billion to $12.1 billion. analysts surveyed by bloomberg had forecast cisco to earn 62 cents a share on $12.5 billion for the quarter that ends in july.cisco’s forecast took the shi






crunch report | vantiv buys worldpay for $10 billion


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cisco eliminates 250 san jose jobs amid layoffs


san jose — cisco systems has jettisoned 250 jobs in san jose, part of a plan to chop 1,100 positions worldwide, according to an official company filing.the tech giant’s decision to eliminate hundreds of jobs in the south bay was detailed in a notice that cisco filed with the state employment development department.san jose-based cisco described the layoffs as “permanent,” according to the edd filing. the job cuts were effective may 18.the day before, on may 17, cisco posted profits and revenue that beat expectations, but the financial report also jolted wall street with word that the company’s forecast for its fourth quarter would include a slump in revenue of roughly 5 percent.those disclosures accompanied an announcement that cisco planned to cut 1,100 jobs worldwide.cisco told analysts






cisco earnings: what to watch


cisco systems inc. is scheduled to report results after the u.s. market closes wednesday for the third quarter ended april 29. here’s what you need to know: earnings forecast: cisco is expected to report adjusted earnings of 58 cents a share for the quarter, excluding items such as stock-based compensation, according to a thomson reuters poll of analysts. that compares with 57 cents in the previous year. revenue...






you can listen to crunch report and bullish on itunes


now you can listen to your favorite techcrunch shows in the car, on a run or wherever you desire! techcrunch’s crunch report and bullish are officially available in the itunes store in audio-only versions.you can download past audio-only episodes or subscribe to new audio-only episodes of crunch report here. audio-only episodes of bullish are available here.if audio-only isn’t your thing, you can still continue to watch crunch report every day on techcrunch.com or youtube and bullish every other wednesday on techcrunch or youtube.






you can listen to crunch report and bullish on itunes


now you can listen to your favorite techcrunch shows in the car, on a run or wherever you desire! techcrunch’s crunch report and bullish are officially available on the itunes store in audio-only versions.you can download past “audio only” episodes or subscribe to new “audio only” episodes of crunch report here. “audio only” episodes of bullish are available here.if audio-only isn’t your thing, you can still continue to watch crunch report every day on techcrunch.com or youtube and bullish every other wednesday on techcrunch or youtube.






cisco shares fall on weak revenue outlook


cisco reported in-line financial results wednesday but its shares took a hit following a lower than expected revenue outlook.the tech giant reported a net income of $2.5 billion, or 50 cents per share. non-gaap earnings were 60 cents per share on a revenue of $11.9 billion, down 1 percent year over year.cyberwar and the future of cybersecuritywall street was looking for earnings of 58 cents per share with $11.89 billion in revenue. cisco's shares were down more than 5 percent after hours.for the current quarter, wall street is looking for non-gaap earnings of 62 cents per share with $12.51 billion in revenue. cisco responded with a revenue outlook that ranges from a 4 percent to 6 percent decrease, with eps between 60 cents a share and 62 cents a share.breaking revenue down by segment, cis






cisco shares fall on weak revenue outlook


cisco reported in-line financial results wednesday but its shares took a hit following a lower than expected revenue outlook.the tech giant reported a net income of $2.5 billion, or 50 cents per share. non-gaap earnings were 60 cents per share on a revenue of $11.9 billion, down 1 percent year over year.cyberwar and the future of cybersecuritywall street was looking for earnings of 58 cents per share with $11.89 billion in revenue. cisco's shares were down more than 5 percent after hours.for the current quarter, wall street is looking for non-gaap earnings of 62 cents per share with $12.51 billion in revenue. cisco responded with a revenue outlook that ranges from a 4 percent to 6 percent decrease, with eps between 60 cents a share and 62 cents a share.breaking revenue down by segment, cis






fbi says cyber-attacks victim losses reached $1.33 billion in 2016


today’s topics include an fbi report that online victims lost more than $1.3 billion last year; an agreement by cisco and apple to extend their partnership on mobile and networking technology; new hybrid cloud storage options from ibm and cisco, and microsoft's deployment of its data loss prevention technology to office on windows pcs.the fbi's internet crime complaint center (ic3) has issued its 28-page 2016 internet crime report, detailing $1.33 billion in victim losses from a total of 298,728 complaints during the year.multiple forms of online attacks, including business email compromise (bec), tech support fraud and various payment scams were reported to the ic3 in last year. surprisingly ransomware, which has been cited as a growing trend in multiple security vendor reports, was not f






crunch report | amazon buys souq


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cisco expands firepower next-generation firewall platform


cisco is expanding its network security portfolio with new hardware announced on feb. 22 that provides next-generation firewall protection and management capabilities. the new hardware includes the cisco firepower 2100 series ngfw, which initially will have four different models. the firepower ngfw technology originally came to cisco in 2013 as part of the $2.7 billion acquisition of sourcefire. in october 2016, cisco announced its new firepower ngfw as the next generation of cisco's firewall hardware, with the aim of providing firewall, ips and url filtering capabilities as well as integration out to secure endpoints. "the firepower 2100 is expected to be an alternative to ngfw customers who would have previously considered some of the asa 5500-x product line, specifically, the asa5525-x,






cisco expands firepower next-generation firewall platform


cisco is expanding its network security portfolio with new hardware announced on feb. 22 that provides next generation firewall protection and management capabilities. the new hardware includes the cisco firepower 2100 series ngfw, which initially will have four different models. the firepower ngfw technology originally came to cisco in 2013 as part of the $2.7 billion acquisition of sourcefire. in october 2016, cisco announced its new firepower ngfw as the next generation of cisco's firewall hardware, with the aim of of providing firewall, ips and url filtering capabilities as well as integration out to secure endpoints. "the firepower 2100 is expected to be an alternative to ngfw customers who would have previously considered some of the asa 5500-x product line; specifically, the asa5525






cisco beats street but will cut 1,100 more jobs


cisco systems, like other older, more established it vendors who are treading financial water lately, turned in its q2 2017 earnings and beat wall street expectations--just barely.but it also had some bad news: the company also reported that it will have to trim an additional 1,100 employees as part of an extended restructuring plan. cisco employs 71,959 total full-time employees worldwide.the layoffs come in the wake of 5,500 job cuts, 7 percent of its workforce, that were announced last august.cisco posted adjusted earnings of 60 cents per share on revenue of $11.94 billion. this out-performed the 58 cents per share on $11.89 billion revenue projected by thomson reuters analysts.further readingthe stock has remained steady. a year ago, it was selling at $27.97; it was trading at $33.82 o






cisco’s buying machine learning startup perspica and folding team into appdynami


cisco announced today that it intends to acquire perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. cisco intends to fold perspica’s team into appdynamics, the company it purchased earlier this year for $3.7 billion.cisco did not share the perspica purchase price.all of these machinations have a purpose. cisco is of course at its heart a networking hardware company. over the past several years, it has been spending its considerable cash on hand — it had around $70 billion as of july, according to ycharts — to buy companies and transform into more of a services company.appdynamics is at its heart an application performance monitoring company, meaning it helps companies understand how their applications are performing and what hardware and software re






telstra deploying broadsoft business apps for unified cloud comms


telstra has announced entering a multi-year deal with global cloud-based telecommunications software provider broadsoft to provide unified communication, collaboration, and contact centre services to australian enterprise customers.under the deal, the broadsoft business suite of cloud-based unified communications applications will be deployed across telstra's ip telephony (tipt), digital office technology (dot), and session initiation protocol (sip) connect solutions.latest australian news"our strategic relationship with broadsoft enables customers to implement high-powered cloud communication and collaboration tools that enhance mobility, teamwork, and customer engagement in their business," michelle bendschneider, executive director of global products at telstra, said."utilising broadsof






cisco results hurt by weaker market for networking devices


even as cisco systems inc. makes gains in new strategic areas such as security, the company continues to battle weak customer spending in its core business of networking gear. the silicon valley company said wednesday its second-quarter revenue fell 2.9% to $11.58 billion, due partly to weak spending among some customers on routing and switching systems that help move traffic over the internet and within data centers. cisco...






cisco announces kinetic iot operations platform


cisco svp and gm of iot and applications rowan trollopecisco has announced its kinetic internet of things (iot) operations platform, with a focus on managing connections, "fog" computing, and the delivery of data.according to cisco, kinetic "streamlines the capability of companies bringing their iot initiatives to market", complementing both its jasper iot platform and its newly unveiled network intuitive, including the catalyst 9000 programmable iot-ready switches."today, we're announcing a brand new product called cisco kinetic, which is our iot operations platform," cisco svp and gm of iot and applications rowan trollope said during his technology keynote at cisco live las vegas on tuesday."it's really a platform for getting data off of your devices. and the beautiful thing about cisco






cisco launches iot threat defense


cisco has launched its internet of things (iot) threat defense solution in an effort to mitigate and solve common security issues threatening the deployment and operation of iot devices.according to cisco product marketing industry solutions manager marc blackmer, many vendors and companies don't see iot devices as security threats, with cisco additionally having to combat the stripping out of security mechanisms from iot devices in order to keep them low cost to ensure profitability."these devices are new to security, meaning the vendors are new in a lot of cases, so what happens is they tend to think, 'why would anyone attack this?'," blackmer explained during cisco live las vegas."for us on the security side, we see them as avenues into the network. so whether it's propagating malware,






cisco is not leaving milpitas any time soon, city says


city manager tom williams asserted last week that media reports involving san jose-based cisco systems inc. breaking its lease at an office complex north of state route 237 in no way meant the high-tech company, which saw worldwide revenues of $12.6 billion at the end of last year, was pulling up stakes in milpitas altogether.“cisco is not leaving the city of milpitas,” williams told the city council during its april 4 meeting.he noted internet network supplier cisco — which occupies various office buildings near the milpitas-san jose border — had decided to not renew its lease with hudson pacific properties inc. for office space at 115-155 n. mccarthy blvd.cisco, according to media reports, paid $10.4 million to break its lease.“but communication with cisco is that they’re very much invol






cisco systems acquires new-gen application monitor perspica


cisco systems has made a second acquisition in 10 months in the machine learning/application monitoring spaces.the huge networking company said oct. 19 it will acquire 3-year-old san jose, calif.-based startup perspica, which actively monitors, analyzes and optimizes complex application environments at scale. terms of the deal were not disclosed by cisco.cisco said it will integrate perspica’s engineers and intellectual property with its new appdynamics team, which it acquired in january for $3.7 billion. the two acquisitions number 199 and 200, according to a cisco spokesperson, in cisco’s 33-year history. crunchbase has these as acquisitions 204 and 205, so some recount coordination may be needed there.with the addition of perspica, appdynamics will have more complete capabilities in mac






internet traffic and users to skyrocket by 2021, cisco forecasts


cisco's visual networking index predicts that there will be 3.3 zettabytes of ip traffic traversing the internet per year and 4.6 billion internet users by 2021.






optus and cisco complete nb-iot trials


cisco has announced completing live trials of its cisco jasper narrowband internet of things (nb-iot) technology across optus' core network in australia.the wireless low-power wide-area network (lpwan) trial, announced at mobile world congress (mwc) in barcelona on tuesday, saw cisco integrate jasper, a cloud-based iot platform, to support nb-iot technology on optus' 4g network.more mwc 2017"optus sees the evolution of lte technology to support dedicated iot networks as a critical step towards mass adoption of iot solutions by both enterprise and consumers," said allan burdekin, head of optus' ncsi incorporating safe and smart cities business arm."incorporating cisco jasper into our nb-iot plans allows us to provide a consistent user experience to our customers across both traditional cell






cisco launches validated designs under docker container partnership


cisco's partnership with enterprise container solutions provider docker has produced two validated designs, one aimed at utilising its own unified computing system (ucs) and the other for converged infrastructure."we have already released two cisco validated design guides [for containers]," satinder sethi, vp of data centre and cloud solutions for cisco, said at cisco live melbourne on wednesday.latest australian news"one that leverages ucs and docker stack without any third-party storage ... and another one that's built on a flexpod architecture."the solutions will see cisco's ucs and converged infrastructure solutions combined with docker datacentre with docker enterprise edition (ee) in an effort to reduce complexity, increase automation, and improve security and resilience, the company






cisco systems announces 1,100 more layoffs


san jose, calif. (ap) — cisco systems inc. said wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue.the new round of layoffs comes on top of the 5,500 jobs cisco announced it was cutting in august. that amounted to about 7 percent of its workforce at the time.cisco sells routers, switches, software and services business and has seen its business hurt as more of its corporate customers rely on remote data centers for their computing needs instead of online networks maintained on their own premises.the company based in san jose, california, on wednesday reported revenue of $11.94 billion for its fiscal third quarter that ended in april. that was down from $12 billion a year earlier. it said it expects its revenue to d






report: iot to dominate connected device landscape by 2021


the so-called internet of things will hit a major milestone in 2021, according to a new report on global mobile and fixed ip traffic growth. by then, according to cisco's annual visual networking index, machine-to-machine (m2m) connections that support iot applications will account for more than half of the world's 27.1 billion devices and connections."while there is and has been a lot of hype around the internet of things, it is definitely real," thomas barnett, jr., director of thought leadership in cisco systems' sp marketing group, told zdnet. "we're seeing that in our own lives every day."m2m growth rates are in the double digits for just about every vertical, from smart home devices and smart workplace tools to connected cars and connected health tools. meanwhile, the cisco vni looks






report: iot to dominate connected device landscape by 2021


the so-called internet of things will hit a major milestone in 2021, according to a new report on global mobile and fixed ip traffic growth. by then, according to cisco's annual visual networking index, machine-to-machine (m2m) connections that support iot applications will account for more than half of the world's 27.1 billion devices and connections."while there is and has been a lot of hype around the internet of things, it is definitely real," thomas barnett, jr., director of thought leadership in cisco systems' sp marketing group, told zdnet. "we're seeing that in our own lives every day."m2m growth rates are in the double digits for just about every vertical, from smart home devices and smart workplace tools to connected cars and connected health tools. meanwhile, the cisco vni looks






cisco, ibm forge security integration partnership


ransomware: an executive guide to one of the biggest menaces on the web everything you need to know about ransomware: how it started, why it's booming, how to protect against it, and what to do if your pc is infected.cisco and ibm will integrate security products, services and threat intelligence in a new partnership.both companies have sizeable security businesses. under the terms of the deal, cisco's security suite will integrate with ibm's qradar across networks, end points and cloud. in addition, ibm global services will support cisco products in managed security services. cisco and ibm will also partner on security research as ibm x-force and cisco talos teams collaborate on intelligence and coordinate on cybersecurity response. it's likely that similar partnerships and interoperabili






fans flock to oak grill, skyroom as 113-year minneapolis tradition ends


determined to reverse eight years of a democratic administration, house republicans are on track to overturn a handful of rules finalized in president barack obama's final months in office to deal with climate change, federal contracting and background checks for gun ownership.