BroadSoft Inc. (BSFT) stock surged nearly 9% on heavy trading volume late Wednesday afternoon on news the software provider is examining options including the possible sale of the company, Reuters reported.

BroadSoft is working with investment bank Jefferies LLC (JEF) - Get Report to pursue a possible sale to another company or to a private equity firm. There is no certainty of a deal, insiders said.

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