Valuation Advisory Services for Numerous Acquisitions - Financial Reporting Purposes

Stout was engaged by BroadSoft to provide valuation services designed to assist management in addressing certain financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC 805) and Topic 820, Fair Value Measurement (FASB ASC 820), in connection with its acquisition of numerous entities in the application software and telecommunications industry. BroadSoft provides software and services that enable telecommunications service providers to deliver hosted cloud-based unified communications to their enterprise customers in North America, Europe, the Middle East, and Africa. We played a critical role in assisting management with their financial reporting requirements under ASC 805 and ASC 820. The numerous acquisitions helped solidify BroadSoft’s position as leader in the global unified communication software as a service industry.

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