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Cisco Systems pays $1.9B for Gaithersburg’s BroadSoft

By Jeff Clabaugh

WASHINGTON — San Jose, California-based Cisco Systems Inc. has completed its $1.9 billion acquisition of Gaithersburg,Maryland-based software maker BroadSoft.

Cisco gets Broadsoft’s cloud calling and contact center business, which will join Cisco’s calling, meetings, messaging and customer care division.

BroadSoft was founded in 1998 and went public in 2010. It has about 1,700 employees, who will join Cisco’s Unified Communications Technology Group. Former BroadSoft CEO Michael Tessler also will join Cisco.

BroadSoft had been working with advisers on strategic alternatives, including the sale of the company. Cisco announced the deal to acquire BroadSoft last October.

Cisco Systems has been growing its business lines through a series of acquisitions, and recently completed its 200th acquisition.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

By The Associated Press
BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
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