Today BroadSoft announced we have acquired Sylantro Systems Corporation. As one of our most formidable competitors of the last ten years, we have both succeeded in delivering high-quality products and superior customer satisfaction.
We believe the Sylantro acquisition is a tremendous opportunity that will allow us to continue our tradition of developing comprehensive solutions for hosted telephony and multimedia services. We will retain Sylantro's Synergy Multiplay Application Feature Server platform, and will begin to immediately integrate Sylantro's development team into our current engineering organization. We also have plans to actively incorporate Sylantro's Synapps Web 2.0 initiatives with our Xtended program.
Over the past several years, BroadSoft has established itself as the VoIP platform of choice through our unwavering focus on serving our customer needs. We look forward to continuing to work with you to deliver industry leading VoIP application services.
Should you have any immediate questions about this transaction, please feel free to contact me. In the meantime, I look forward to continuing our strategic collaboration.
VP of Business Development