BroadSoft, Inc. (NASDAQ:BSFT), has been identified by IHS Markit as
the global Unified Communications as a Service (UCaaS) platform
leader, with
38% of the total worldwide UCaaS
seats running on its platforms, as of the
second quarter of 2016. According to the IHS study, the
BroadSoft UCaaS global market leadership position places it ahead
of its closest competitors.
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“The UCaaS market today is comprised of pure-plays, network
operators, cable MSOs, ISPs, system integrators, and traditional
premises-based vendors. With a multitude of options, things can be
confusing for businesses trying to find the right provider and
service to fit their needs,” said Diane Myers, senior research
director of VoIP, UC, and IMS for IHS Markit and author of the
fourth quarter 2016 Analyst Insight report. “Today, as our report
and the data indicate, the leader is BroadSoft, comprising the
larger share of installed base seats running over its
platform.”
In November 2016, BroadSoft announced it surpassed 15 million
cloud UC lines deployed globally, – an industry leading milestone
three times greater than the next nearest competitor. At the same
time, BroadSoft market share for new cloud UC line shipments is
double that of the next closest competitor, a key trend as
BroadSoft expects the market for new cloud PBX/unified
communications will surpass on-premise PBX/UC equipment shipments
by 2020.
According to the IHS report, BroadSoft see UCaaS as also moving
upmarket to large enterprises, and towards multi-tenant cloud
solutions that now dominate cloud telephony/UC deployments. As
businesses move away from premises-based PBX and UC vendors in
favor of cloud alternatives, BroadSoft believes that it is strongly
positioned to capitalize on this movement through the recent launch
of BroadSoft Business – a comprehensive, fully integrated portfolio
of cloud PBX, unified communications, team collaboration and
contact center applications, delivered in the cloud from an
authorized partner.
“Amongst a host of competitors, including the top third party
platforms, internal platforms and traditional vendors, BroadSoft
has emerged, based on this IHS report, as the global cloud unified
communications leader,” said Taher Behbehani, chief digital and
marketing officer, BroadSoft. “As a multi-tenant UCaaS solution
that can deliver cost and scalability benefits to services
providers and businesses alike, BroadSoft Business positions us for
even greater growth going forward.”
“BroadSoft’s success is the result of not only its early work in
this market, but its focus on securing tier 1 operators as
customers of the platform worldwide, along with smaller, nimble
competitive providers,” adds Myers. “This diversification and
global scope has given BroadSoft a unique position in the market.
Additionally, it is making the pivot to mobile through high profile
mobile UC/business VoLTE launches with Verizon and Rogers in 2016,
which keeps it relevant in a changing market.”
To download the full IHS Markit report, click here.
Results based on based on IHS Markit, Technology Group,
Platforms That Drive UCaaS Analyst Insight, October 19, 2016.
Results are not an endorsement of Broadsoft, Inc. Any reliance on
these results is at the third party's own risk. Visit
technology.ihs.com for more details.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements may be identified by their
use of terms and phrases such as “can” and “will,” and other
similar terms and phrases and include, among others, statements
regarding the benefits to BroadSoft’s customers resulting from the
use of the BroadSoft Business. The outcome of the events described
in these forward-looking statements is subject to known and unknown
risks, uncertainties and other factors that could cause actual
results to differ materially from the results anticipated by these
forward-looking statements, including, but not limited to, the
financial and other benefits to BroadSoft resulting from the use of
BroadSoft Business by its service provider customers as well as
those factors contained in the “Risk Factors” section of
BroadSoft’s Form 10-K for the year ended December 31, 2015, filed
with the Securities and Exchange Commission, or SEC, on February
29, 2016, and in BroadSoft’s other filings with the SEC. All
information in this release is as of January 16, 2017. Except as
required by law, BroadSoft undertakes no obligation to update
publicly any forward-looking statement made herein for any reason
to conform the statement to actual results or changes in its
expectations.
About BroadSoft:
BroadSoft is the technology innovator in cloud communications,
collaboration, and contact center solutions for businesses and
service providers across 80 countries. We are the market share
leader for cloud unified communications with an open, mobile and
secure platform trusted by 25 of the world’s top 30 service
providers by revenue. Our BroadSoft Business application suite
empowers users and teams to share ideas and work simply to achieve
breakthrough performance.
For additional information, visit www.BroadSoft.com.
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Investor Relations:
Chris Martin
+1 561-404-2130
cmartin@broadsoft.com
Media Contacts:
Eve Levestam, Press and Media Relations
+1 240 720 9643
pr@broadsoft.com
Americas
Brian Lustig, Bluetext PR for BroadSoft US
+1 301.775.6203
brian@bluetext.com
Europe
Andy Crisp / Jon Bawden / Kate Anderson, Cohesive for BroadSoft UK
+44 (0) 1291 626200
broadsoft@wearecohesive.com
APAC
Terry Alberstein, Navigate Communication
+61 (0) 458-484-921
terry@navigatecommunication.com.au
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