Broadsoft, a global provider of IP-based multimedia application server software, announced terms for its IPO on Tuesday. The Gaithersburg, MD-based company plans to raise $75 million by offering 7.5 million shares at a price range of $9-$11. At the mid-point of the proposed range, Broadsoft will command a market value of $246 million. Broadsoft, which was founded in 1998 and booked $69 million in sales last year, plans to list on the NASDAQ under the symbol BSFT. Goldman, Sachs & Co. and Jefferies & Co. are the lead underwriters on the deal, which is expected to price during the week of June 14th.
