BroadSoft Welcomes Philip Livingston to Its Board of Directors.GAITHERSBURG, Md. -- BroadSoft, Inc., the leading provider of VoIP application software, today announced that Philip B. Livingston, vice chairman of enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. controls management software supplier Approva Corporation, has joined BroadSoft's board of directors and will serve as Audit Committee Chairman. A former adviser to the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). (FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ) and International Financial Accounting Standards Board (IASB IASB See International Accounting Standards Board (IASB). ), Livingston is a renowned expert in corporate accountability and regulation who has also served as CFO for several public companies. As president and CEO of Financial Executives International, he also helped author sections of the Sarbanes-Oxley Act of 2002 regarding ethical codes of conduct for corporate financial officers and audit committee financial experts. "Phil is a vital addition to BroadSoft's board," said Michael Tessler, president and CEO for BroadSoft. "The company has achieved market leadership through sales penetration and growth in a wireless and wireline VoIP applications market that has only begun to approach its potential. Phil's unmatched expertise in corporate financial standards and responsibility will help BroadSoft build on those achievements and expand our success." Livingston is known worldwide as a corporate financial management expert and practitioner. Prior to joining Approva, Livingston served as chief financial officer for publicly held companies Celestial Seasonings, now part of The Hain Celestial Group The Hain Celestial Group is a food company whose main focus is natural and organic foods and personal care products. Their products range from herbal teas, offered through their Celestial Seasonings brand to organic free range chickens from the FreeBird brand. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :HAIN); and World Wrestling Entertainment World Wrestling Entertainment, Inc. (WWE) is a publicly traded, privately controlled integrated media (focusing in television, Internet, and live events), and sports entertainment company dealing primarily in the professional wrestling industry, with major revenue sources Inc. (NYSE NYSE See: New York Stock Exchange : WWE). He is a director and audit committee chairman of Cott Corporation (NYSE:COT) and MSC Software (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MNSC). "Through its innovative technology, corporate growth and leadership in the VoIP industry, BroadSoft's team is transforming the way the world communicates, collaborates, learns and does business," said Livingston. "I am pleased to participate in this exciting company's efforts to build even further on that success." Since its founding in 1998, BroadSoft has grown to more than 100 service provider customers, including Tier-1 carriers such as, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Inc., Singapore Telecommunications Ltd., Telstra and Verizon Communications. Along the way, the company has won partnerships with leading telecom manufacturers, including LM Ericsson and Lucent Technologies, while raising a total of $60 million in three rounds of funding from leading venture capital firms. In 2005, BroadSoft customers have launched the first fixed wireless (Wi-Fi and WiMAX) and mobile wireless VoIP services in North America. BroadSoft has grown to approximately 150 employees, based in eight countries. In July, Light Reading named BroadSoft to its "Top 10 Private Companies" list, citing viable and accepted technology, smart and well-connected people, stability and efficient use of financial backing received. ABOUT BROADSOFT BroadSoft's VoIP application software is revolutionizing the delivery of hosted telephony and multimedia services. Its flagship BroadWorks(R) technology empowers wireless and wireline carriers to deliver next-generation voice and multimedia applications and advanced features that increase revenue, enhance competitive differentiation and elevate customer satisfaction. BroadSoft's family of carrier-class software products delivers the scale, open architecture and reliability that the world's leading telecommunications companies demand to serve mission-critical enterprise and residential broadband customers. BroadSoft's customer base of more than 110 network operators, including BellSouth, MCI, Singtel, Telstra, Telefonica, Verizon and XO Communications, leads the industry with more than 1.2 million lines deployed. Additional information is available at www.broadsoft.com. BroadSoft and BroadWorks are registered trademarks of BroadSoft, Inc. All other names are trademarks of their respective companies. |
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