[October 29, 2009] BroadSoft acquires Packet Island Tweet Oct 29, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- BroadSoft, Inc. has acquired Packet Island, Inc., a provider of software-as-a-service (SaaS)-based assessment and monitoring tools for voice over Internet protocol (VoIP) and video networks and services. Both the companies are based in the US. BroadSoft is a provider of residential and business VoIP application software. Announcement (October 5, 2009): BroadSoft is planning to acquire Packet Island. Earlier, Packet Island raised $3 million in venture capital funding from Garage Technology Ventures, LLC, Rincon Venture Partners, and Startup Capital Ventures. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-10-26 Deal Participants Target (Company) Packet Island, Inc. Acquirer (Company) BroadSoft, Inc. Deal Rationale The acquisition will broaden BroadSoft's portfolio to include VoIP and video quality of service (QoS) solutions, its range of cloud-based communications offerings, provide revenue growth opportunities, and create long-term value for its service provider customers. The acquisition enables BroadSoft to address the need in the market of ensuring QoS, and quality of experience (QoE), for real-time communications. [ Back To TMCnet.com's Homepage ]