BroadSoft Buys VC-Backed Sylantro Systems
BroadSoft Inc., a Gaithersburg, Md.-based provider of VoIP application software to the telecom industry, has acquired Sylantro Systems Corp., a Campbell, Calif.-based provider of VoIP applications. 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. Sylantro has raised over $116 million since 1998, from firms like Accel Partners, Mayfield Fund, Scale Venture Partners, Summerhill Venture Partners, Vanguard Ventures and Telesystem-Argo Global Capital.
30 December 2008•3 mins read
