SOURCE: BroadSoft, Inc.

BroadSoft, Inc.

June 04, 2015 08:00 ET

BroadSoft Announces Acquisition of mPortal

Launches BroadSoft Design, Which Enables UC Service Providers to Deliver Highly Customizable Customer Experiences

GAITHERSBURG, MD--(Marketwired - Jun 4, 2015) - BroadSoft, Inc. (NASDAQ: BSFT) today announced it has acquired mPortal, enabling BroadSoft's global telecommunications service provider customers to deliver customizable unified communications (UC) experiences to a wide range of business end-users across different market segments.

mPortal, based in McLean, Virginia, designs and develops customer experiences across mobile, web and other connected devices. mPortal's mobile-centric design and development capabilities will provide the foundation for BroadSoft Design -- which allows service providers and enterprises to customize and differentiate UC solutions built around BroadSoft's UC-One solution.

"It is increasingly clear that a 'one size fits all' strategy for delivering unified communications is insufficient for meeting the superior and differentiated end-user experiences that businesses demand," said Scott Hoffpauir, chief technology officer, BroadSoft. "The mPortal acquisition and launch of BroadSoft Design reaffirms our commitment of simplifying how our customers sell, deliver and support UC services, innovating to give service providers a competitive market advantage and accelerating market adoption of unified communications through a superior end-user experience."

BroadSoft UC-One® is a full unified communications experience that makes UC services and other business applications available on a single user interface. With BroadSoft Design, service providers can now deliver personalized services to a wide range of market segments (micro-business, mid-market, large enterprise), verticals (hospitality, education, government, retail, healthcare), and devices (smartphones, tablets, desktops, etc.).

"By joining forces with BroadSoft, mPortal's vision to focus on creating compelling user experiences as a way for businesses to differentiate themselves in the marketplace receives a huge push to the future. BroadSoft Design is the perfect platform to expand our existing solutions, as well as address a larger, global opportunity with BroadSoft's market reach," said DP Venkatesh, founder and chief executive officer, mPortal Inc., who will now lead the team as vice president, BroadSoft Design.

BroadSoft Design is available to service providers delivering UC services with the BroadWorks® platform or via BroadCloud®, BroadSoft's fully-managed end-to-end service.

The acquisition is expected to contribute approximately $7 to $8 million in incremental revenue in 2015. We expect it to be dilutive by approximately 2 to 3 cents to 2015 non-GAAP earnings per share and be accretive in 2016 on a non-GAAP basis.

Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of terms and phrases such as "enable," "allow," "believe" and "will" and other similar terms and phrases and include statements regarding BroadSoft's ability to incorporate mPortal's operations into its existing operations, the expected benefits of the acquisition to BroadSoft and its service provider customers, BroadSoft's retention of the mPortal workforce, the expected benefits of mPortal's product and service offerings to BroadSoft's service provider customers and 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.

About BroadSoft:
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.