BroadSoft, Inc. (NasdaqGS:BSFT) acquired mPortal, Inc. from New Venturetec (SWX:NEV) and others on June 3, 2015. DP Venkatesh, Founder and chief executive officer of mPortal will now lead the team as Vice President of BroadSoft Design. The transaction is expected to be dilutive by approximately 2 to 3 cents to 2015 non-GAAP earnings per share and be accretive in 2016 on a non-GAAP basis. Brian Lustig of Bluetext PR and Caroline Higgins of Hotwire PR acted as public relations advisors in the transaction. Bowen Advisors, Inc. acted as financial advisor for BroadSoft.

BroadSoft, Inc. (NasdaqGS:BSFT) completed the acquisition of mPortal, Inc. from New Venturetec (SWX:NEV) and others on June 3, 2015.