BroadSoft Announces Acquisition of Intellinote
Enterprise Messaging-Based Team Collaboration Application Accelerates BroadSoft's Project Tempo Initiative to Enhance Productivity and Mobility
GAITHERSBURG, MD--(Marketwired - May 31, 2016) - BroadSoft, Inc.
With team-centric collaboration capabilities that include enterprise messaging, project, task and content management, and over 50 application integrations, Intellinote advances BroadSoft's vision for Project Tempo . BroadSoft's Project Tempo is an open communications framework that enables team collaboration and productivity by integrating popular enterprise cloud applications with contextual intelligence and real-time unified communications services provided by BroadSoft UC-One® .
"The consumerization of IT, shadow IT and the rise of millennials in the workforce have upended traditional business and communication models. Users are now in control but today's point solutions are inadequate and lack integration -- leading to scattered communications, ineffective meetings and fragmented workflows," said Taher Behbehani, chief digital and marketing officer, BroadSoft. "BroadSoft's Project Tempo envisions an integrated, contextual and mobile collaboration experience, so individuals and teams can work the way they want and focus on areas where they can make the greatest impact. The Intellinote acquisition helps us realize this vision."
Frost & Sullivan recognized Intellinote's product innovation with its prestigious 2015 Product Leadership Award for the North American Market . Frost & Sullivan noted that "Intellinote continues providing the best in team communication strategies with its flexible platform -- integrating popular business applications, offering file access at any time for any device, and improvements to real-time communication. These combined components allow this solution to stand out and makes Intellinote a notable company to watch."
For 2016, BroadSoft expects the acquisition to be dilutive by about $0.04 to its non-GAAP earnings.
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 "can," and "enable" and other similar terms and phrases and include statements regarding BroadSoft's ability to incorporate Intellinote's operations into its existing BroadCloud solution, the expected benefits of the acquisition and Intellinote's product and service offerings to BroadSoft and its 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 Intellinote's operations into its own or BroadSoft is unable to retain Intellinote's customers or personnel, as well as those factors contained in the "Risk Factors" section of BroadSoft's Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission, or SEC, on February 29, 2016, and in BroadSoft's other filings with the SEC. All information in this release is as of May 31, 2016. 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.
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 www.broadsoft.com or on Twitter @broadsoftnews . You can also visit the BroadSoft Work It! Blog for the latest insights and trends driving business success in the digital workplace.
Intellinote is an award-winning Team Communication and Collaboration platform that offers Task Management, File Sharing, Real-Time Messaging, Video and Audio Conferencing, and Screen Sharing. Intellinote is used by thousands of organizations - ranging from Fortune 500 companies to SMBs - to enhance the productivity and efficiency of their teams. Intellinote is headquartered in Reston, VA, and can be found online at www.intellinote.net or on Twitter @IntellinoteInc.
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