Communication software specialist BroadSoft has acquired mPortal, a designer and development of customer experience products spanning mobile, Web and other connected devices.
The acquisition, announced Thursday (June 5), will provide the foundation for a new unit, BroadSoft Design, that will enable service provider and enterprises create customized unified communications platforms built around Broadsoft’s “UC-One” solution.
Financial terms were not disclosed, but BroadSoft said the acquisition is expected to contribute about $4 million in incremental revenue to BroadSoft for the remainder of 2015. BroadSoft pulled in Q1 revenues of $55.7 million, up 27%, paired with a net loss of $2 million (7 cents per share).
mPortal works with several large service providers, including Comcast (for its Xfinity Connect and My Account apps and consumer Web portal); Time Warner Cable (iPhone 2 Go and TWC TV apps); Bright House Networks (TV Explorer app); as well as Disney and AT&T. BroadSoft is also an historic BroadSoft partner.
“It is increasingly clear that a ‘one size fits all’ strategy for delivering unified communications is insufficient for meeting the superior and differentiated end-user experiences that businesses demand,” said Scott Hoffpauir, chief technology officer, BroadSoft, in a statement. “The mPortal acquisition and launch of BroadSoft Design reaffirms our commitment of simplifying how our customers sell, deliver and support UC services, innovating to give service providers a competitive market advantage and accelerating market adoption of unified communications through a superior end-user experience.”
“By joining forces with BroadSoft, mPortal’s vision to focus on creating compelling user experiences as a way for businesses to differentiate themselves in the marketplace receives a huge push to the future. BroadSoft Design is the perfect platform to expand our existing solutions, as well as address a larger, global opportunity with BroadSoft’s market reach,” added DP Venkatesh, founder and chief executive officer of mPortal.
Venkatesh will now lead BroadSoft Design as vice president.