BroadSoft Shares Popped: What You Need to Know

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What: Shares of BroadSoft (NAS: BSFT) have popped by as much as nearly 11% today after the company announced it has acquired Movial Applications, a company based out of Finland.

So what: Movial is a privately held client developer for IP communications services, and BroadSoft has picked up the company in an all-cash transaction. Movial designs and develops user interfaces and multimedia-sharing applications catered to a variety of communications devices and IP-based communications applications.

Now what: Together, global service providers can deliver integrated services between a broad range of devices and operating systems. BroadSoft CEO Michael Tessler said, "The proliferation of mobile broadband and explosive growth of smart mobile devices are dramatically changing the way individuals can communicate, opening new opportunities in our industry." BroadSoft expects the acquisition to be non-dilutive to non-GAAP earnings next year.

Interested in more info on BroadSoft? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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