Firm's IPO Earns Top Honors in 2011 Corporate Growth Awards
GAITHERSBURG, MD, May 09, 2011 – BroadSoft, Inc. (NASDAQ:BSFT, news, filings), the leading global provider of software that enables fixed-line, mobile and cable service providers to deliver real time communications, voice and multimedia services, over their IP-based networks, today announced it was awarded the 2011 Corporate Growth Award for "Deal of the Year," less than $100 million by the Association for Corporate Growth (ACG). BroadSoft was recognized for successfully completing its IPO, as well as for the firm's growth and financial performance in 2010.
The Corporate Growth Awards are sponsored by ACG and recognize the Greater Washington region's best deals - based on size and significance - and the firms and individuals behind them.
"Successfully taking the company public is a testament to the dedication of our management team and employees, " said Jim Tholen, chief financial officer, BroadSoft. "We believe moving into the public markets was a significant achievement and we would like to thank everyone who made our IPO possible."
BroadSoft's IP communications software has been purchased by more than 450 global fixed-line, mobile and cable service providers - including 16 of the world's 25 largest based on revenue - to deliver real time communications services over their IP-based networks. The firm recently announced BroadCloud™ - a cloud-based, hosted infrastructure that will serve as the foundation for the company's growing Software-as-a-Service (SaaS) communications capabilities, as well as MobileMxD™, an integrated suite of Consumer and Unified Communications (UC) services optimized for 4G networks and the growing variety of smartphones and tablet devices.
BroadSoft provides software that enables fixed-line, mobile and cable service providers to deliver voice and multimedia services over their IP-based networks. The Company's software, BroadWorks®, enables service providers to provide enterprises and consumers with a range of cloud-based, or hosted, IP multimedia communications, such as hosted IP private branch exchanges, video calling, unified communications, collaboration and converged mobile and fixed-line services.
This press release contains 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 "will," and other similar terms and phrases and include statements regarding BroadCloud serving as the foundation for the Company's SaaS communications capabilities and the capabilities and functionality of MobileMxD. The outcome of the events described in these forward-looking statements is 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 whether BroadCloud and MobileMxD will be successfully developed and adopted by service providers and others, as well as those factors contained in the "Risk Factors" section of BroadSoft's Form 10-Q for the quarter ended March 31, 2011 , filed with the Securities and Exchange Commission on May 9, 2011, and in BroadSoft's other filings with the SEC. All information in this press release is as of May 9, 2011. 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 its expectations.
BroadSoft and BroadWorks are registered trademarks of BroadSoft, Inc. All other names are trademarks of their respective owners.
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