GAITHERSBURG, Md., Jan. 16, 2017 (GLOBE NEWSWIRE)
-- 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.
A photo accompanying this announcement is
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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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