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Broadsoft prices IPO at $9.00, at low end of the range

June 16, 2010

Broadsoft, which provides IP-based application server software to telecom service providers, raised $68 million by offering 7,500,000 shares at $9.00, the low end of the range of $9.00 to $11.00. Broadsoft plans to list on the NASDAQ under the symbol BSFT. Goldman, Sachs & Co. and Jefferies & Co. acted as lead managers on the deal.