BroadSoft Buys Packet Island
BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has acquired Packet Island Inc., a Cupertino, Calif.-based provider of SaaS-based quality of service assessment and monitoring tools for VoIP and video networks and services. No financial terms were disclosed. Broadsoft has raised around $76 million in total VC funding since 1998, from firms like Bessemer Venture Partners, Charles River Ventures, Columbia Capital, Crescendo Ventures, Grotech Capital Group, RRE Ventures and Meritech Capital Partners. Packet Island had raised just over $3 million, from Garage Technology Ventures, Rincon Venture Partners and Startup Capital Ventures.
7 October 2009•3 mins read
