Cooley advised BroadSoft and Fenwick & West advised Cisco.
Cisco Systems, Inc. (NASDAQ: CSCO), acquires BroadSoft, Inc. (NASDAQ: BSFT), a leader in cloud calling and contact center solutions.
Cisco will acquire BroadSoft for approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition is expected to close during the first quarter of calendar year 2018, subject to customary closing conditions and regulatory review.
With the acquisition, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across market segments and reinforce Cisco’s commitment to Unified Communications, while enhancing its ability to address the millions of aging TDM lines poised to transition to IP technology and cloud native solutions over the coming years. More information about Cisco’s acquisition of BroadSoft can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Doug Cogen (Picture), Ken Myers, Ryan Slunaker, Maureen Montgomery and Isabel De Roza; technology transactions lawyers Stephen Gillespie, Jonathan Millard, Chris Joslyn, Ana Razmazma, Jung Yoo, Emily Lippincott, Ed Heffernan, Jalila Sparks, Julia Chung, Lindsay Tang and Emily Bullis; privacy and cybersecurity lawyers Tyler Newby and Hanley Chew; antitrust lawyer Mark Ostrau; executive compensation and employee benefits lawyers Gerald Audant, Kristin O’Hanlon, Sarah Ghulamhussain and Ariel Gaknoki; securities lawyers Bill Hughes, Julia Forbess and Nikhil Sharma; and tax lawyers Andrew Kim and Ora Grinberg.
Cooley advised BroadSoft with a team including Barbara Borden, Kevin Mills, Aaron Binstock, Jacqueline Grise, Darren DeStefano, Christopher Martin, Shaked Hoter, Amy M. Wood, Joshua Friedman, Todd Gluth, Chris Mayer, Megan Browdie, Michael Tollini, J.G. Harrington, Randy Sabett, Kimberly Nguyen, Elizabeth Lewis, MaryBeth Shreiner, Rebecca Ross, Charles Haley and Sunny Chang.
Involved fees earner: Douglas Cogen – Fenwick & West LLP; Ken Myers – Fenwick & West LLP; Ryan Slunaker – Fenwick & West LLP; Maureen Montgomery – Fenwick & West LLP; Isabel De Roza – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Chris Joslyn – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Jung Yoo – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Lindsay Tang – Fenwick & West LLP; Emily Bullis – Fenwick & West LLP; Tyler Newby – Fenwick & West LLP; Hanley Chew – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Gerald Audant – Fenwick & West LLP; Kristin O’Hanlon – Fenwick & West LLP; Sarah Ghulamhussain – Fenwick & West LLP; William Hughes – Fenwick & West LLP; Julia Forbess – Fenwick & West LLP; Andrew Kim – Fenwick & West LLP; Ora Grinberg – Fenwick & West LLP; Barbara Borden – Cooley LLP; Kevin Mills – Cooley LLP; Aaron Binstock – Cooley LLP; Christopher Martin – Cooley LLP; Shaked Hoter – Cooley LLP; Sunny Chang – Cooley LLP; Jacqueline Grise – Cooley LLP; Megan Browdie – Cooley LLP; Darren DeStefano – Cooley LLP; Amy Wood – Cooley LLP; Joshua Friedman – Cooley LLP; Elizabeth Lewis – Cooley LLP; MaryBeth Shreiner – Cooley LLP; Todd Gluth – Cooley LLP; Chris Mayer – Cooley LLP; Michael Tollini – Cooley LLP; J.G. Harrington – Cooley LLP; Randy Sabett – Cooley LLP; Kimberly Nguyen – Cooley LLP; Rebecca Ross – Cooley LLP; Charles Haley – Cooley LLP;