Cisco to acquire cloud communications company Broadsoft for $1.9 billion

Networking giant Cisco has announced plans to pay out $1.9 billion to acquire Broadsoft, a Maryland-based cloud communications company that creates software for PBX systems, team collaboration, and other related enterprise products.
Though Cisco is better known for its data center and networking hardware, the company has long intimated its intentions to transition into a software company. For example, a few months back it bought hyperconvergence software company Springpath for $320 mil