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Monday, December 29, 2008

Broadsoft buys Sylantro

Broadsoft announced that they have purchased Sylantro. Sylantro has been in business for longer than anybody can remember. North of $150 M invested and quite positive the investors are going to forget this investment sooner than later. Broadsoft is quite well positioned and Sylantro was struggling for a long time with three revs of management and the current management performance was lack luster to say the least. Old product, medicore offering but deeply invested by the likes of Accel. The old IP PBX business is become a commodity and Sylantro had one which was older than what one could imagine.
The interesting question is why did Broadsoft do this? Definitely not the technology and not for the executive or technical team. Maybe the investors called in a favor? Interesting things happen int he market.

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