September 15, 2004
Cisco to Purchase VoIP Software Maker Dynamicsoft
Cisco Systems Inc. announced today plans to purchase Dynamicsoft Inc. Dynamicsoft makes VoIP software based on Session Initiation Protocol.
According to InfoWorld:
Cisco will pay $55 million in cash for the Parsippany, N.J.-based Dynamicsoft, assuming the vendor's $3.8 million in debt, according to a statement from Cisco. The acquisition fills out Cisco's software portfolio for carriers interested in providing converged applications to subscribers, such as presence management and unified messaging.
With its acquisition, Cisco is targeting broadband service providers looking to deploy converged voice/data services to consumers and businesses.
Read more: Cisco to buy VoIP software vendor
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