Current Affairs - Business - Discussion

American technology conglomerate, Cisco Systems has finalised a deal to acquire American communication software and service provider BroadSoft for $1.9 billion. The acquisition deal will be completed during the first quarter of 2018. CISCO will pay $55 per share in cash. This will enable CISCO to migrate away from its stagnating switches and routers business and will help to foray in selling unified communications software to big telecommunications firms.