Cisco Continues To Pivot Toward Software and Subscriptions With the Acquisition of BroadSoft.
On Oct. 23, Cisco announced its intent to acquire BroadSoft, Inc. for $55 per share, totaling $1.9 billion, net of cash acquired, which represents a 2% premium over the previous closing price. The transaction is expected to close in the first quarter fiscal 2018. While Cisco paid such a low premium for BroadSoft shares, we note that BroadSoft shares have risen 29% year to date. The overall rationale for the deal is to replace declining sales of Cisco’s hardware-focused unified communication prod...Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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