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BroadSoft announced that it has accepted $10 million in mezzanine equity financing from Meritech Capital Partners
July 17, 2007
GAITHERSBURG, Md. -- BroadSoft, Inc., a leading provider of VoIP application software, today announced that it has accepted $10 million in mezzanine equity financing from Meritech Capital Partners.
BroadSoft will use the funding for corporate purposes, including financing the continued growth of its operations and its expansion of market share in fast-growing regions, including Latin America, Eastern Europe and Southeast Asia.
"In the last two years, we have doubled our staff and expanded our European and APAC operations to ensure the success of our customers,"said Michael Tessler, president and CEO of BroadSoft. "We are well-positioned and leading the way in the network migration trend currently playing out as carriers increasingly begin to switch from traditional telephony systems to IP networks."
BroadSoft Inc.
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