Broadview To Buy Assets of Hosted VoIP Platform Provider

Broadview Networks, a communications service provider serving the Northeast and Mid-Atlantic United States, announced Wednesday it has signed an agreement to acquire select assets of Natural Convergence Inc. (NCI), a hosted VoIP platform provider based in Ottawa, Canada. Specific terms of the transaction were not disclosed.

With the purchase, Broadview will acquire the software and source code for NCI’s Silhouette application, the enabling technology behind Broadview’s OfficeSuite hosted IP phone service, which Broadview has been using under a license agreement. Broadview also is acquiring all hardware, inventory and intellectual property held by NCI, including patents, trademarks and service marks.

Broadview will support the Silhouette platform for its internal needs and will be exploring alternatives for supporting the needs of other Silhouette customers.

Broadview and NCI have worked together since 2004 to develop features and applications tailored to small and medium sized businesses.

Broadview CEO Mike Robinson said owning the source code for one of its flagship services will give the company a competitive advantage. “It allows us to react more rapidly to customer requirements, which results in better service and more true partnerships with our customers,” Robinson said in a press statement.

He also noted that Broadview has a long history of internal software development under CTO Ken Shulman, who will manage the NCI assets.

“The Silhouette application already has industry-leading innovative features,” says Shulman. “We look forward to working with NCI’s talented software developers, support staff and our customers to harness that power to deliver next-generation services for small and medium sized businesses. In addition, with the emergence of fixed mobile convergent applications, the NCI platform provides us with a key building block to play in this arena.”

Broadview is a control investment of MCG Capital Corp.; its largest investors are MCG Capital, Baker Capital and New Enterprise Associates.

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