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BroadSoft, of Gaithersburg, Md., has finally said what has been rumored for so long: It has acquired Sylantro Systems Corp., a VoIP applications developer based in Campbell, Calif., for an undisclosed amount of money. From what I’ve heard, no cash changed hands, though BroadSoft might have assumed Sylantro’s debt. The real reason for this deal might be AT&T (s T): Sylantro is the voice platform being used by AT&T for its U-verse offerings.
BroadSoft is consolidating the market and is becoming a dominant player. It recently acquired the M6 application server business from GENBAND, expressing high hopes for the future. This leaves the company with two competitors: Sonus (s SONS) and MetaSwitch.
News of the deal has been doing the rounds in the VoIP circles for a while now. The 10-year-old, privately held BroadSoft, which recently slashed jobs and raised some fresh capital, sells to some of the largest telecom operators. It’s estimated to have logged around $60 million in revenues in 2007 and was said to have broken even.