Goodwin Procter recently advised BroadHop, Inc., a provider of next-generation policy control and service management technology for carrier networks worldwide, in its pending sale to Cisco Systems, Inc. (NASDAQ: CSCO), a designer, manufacturer and seller of IP-based networking tools for the communications and information technology industries. Following completion of the transaction, BroadHop’s policy control solutions for mobile and fixed networks will be integrated into Cisco’s Service Provider Mobility Group. Terms of the transaction were not disclosed.
Founded in 2003 and based in Denver, Colo., BroadHop is deployed by more than 90 telecom service providers serving 500 million subscribers in 40 countries. BroadHop’s products allow service providers to deliver control network resources in real time, monetize new services and applications and deliver personalized identity-base services in wireless and wireline networks.
Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Cisco was founded in 1984 and has more than 72,000 employees.
Additional information regarding the pending transaction can be found on the Cisco blog.