June, 2010

Broadsoft is a deal that reminds of a prior offering back in 1999 (also from Goldman, if memory serves) that went by the name of Portal Software. It was a similar story and ended up doing well for a while until investors realized how little growth there really was in the business. Ultimately, Portal was put out of their misery in a head-scratching acquisition by Oracle.

Broadsoft has built some very complex and sophisticated software that sits at the core of what communication service providers have to do to run their business. Their model also includes substantial . . .

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