There are many reasons you got into business with your partner – you trusted each other's business acumen, one of you had the funds to support the other’s vision or maybe you were friends who liked working together. Regardless of the driving decision to form the partnership, there are many reasons it can turn sour.
Business managers expect transparency from companies they do business with. The ability to trust vendors, suppliers and partners keeps operations running smoothly. Not all companies live up to their obligations, however. And when trust is broken, financial loss can result.
While acquisitions do not have any particular formula to guarantee success, there is no doubt that some are more successful than others. Each specific deal has its own strategy, rationale and principles.
BroadSoft, the Gaithersburg company that provides cloud-based telecommunications services for business across the country, has announced that it will be acquired in the next year by California-based Cisco. The price tag? Nearly two billion dollars.