RYE BROOK, N.Y.—May 17, 2012—Broadview Networks, a leading provider of hosted voice, data and cloud computing solutions, announced today that it has won the B2B Customer Strategy Award in the inaugural 2012 Cloud Awards.

Broadview has been in the forefront of adopting cloud-based services to improve its customers’ operations, and as a leader in the cloud-based IP phone solutions market, has extended their expertise to cloud computing. Their suite of cloud computing services offers fully-managed enterprise-grade hosted business applications and infrastructure tailored to make it easy-to-use for the small- and medium-sized business.

Broadview’s cloud-based services target the growing opportunity for Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Desktop as a Service (DaaS). Their cloud computing solutions allow companies to move software, applications, storage and server hardware that support critical business operations off-site, which can improve the availability and security of their data and applications while reducing their total cost of ownership. In addition, customers can focus their efforts on their own mission-critical business needs instead of dealing with software and hardware upgrades, support and maintenance.

Cloud Awards organizer Larry Johnson said “Almost 200 organizations entered the program, which is among the first of its kind. We were swamped by entries, and the standard was remarkably high. Judging the submissions was a challenging task. But, we’re happy to endorse Broadview Networks as among the best of the best in their field. My prediction for 2012 is that people will stop seeing the cloud as exotic or optional and start integrating cloud technologies at every level in their operational infrastructure.”

“Broadview is thrilled to be named a leader in cloud computing,” said Jeff Blackey, senior vice president of marketing for Broadview Networks. “While businesses across the country struggle with understanding and implementing cloud solutions, we strive to make that experience more consultative and complete. Broadview has a long and proven track record of helping companies improve employee productivity, customer satisfaction and financial performance.”

Broadview first entered the cloud market with the release of OfficeSuite®, an award-winning cloud-based phone solution that provides businesses of any size with an IP-based phone system, unlimited nationwide calling and an easy-to-use Web portal to manage the service.

The inaugural Cloud Awards recognizes and celebrates industry leaders and pioneers in the field of cloud computing. Categories include B2B Customer Strategy, Best Cloud Infrastructure, Data Innovation of the Year, Developer of the Year, Most Promising Start-Up, Best Platform as a Service, Security Innovation, Best Software as a Service and Web Services Excellence.

About Cloud Awards www.cloud-awards.com

The Cloud Awards is a premier international cloud computing awards program which recognizes and honors industry leaders, innovators and organizational transformation in the field of cloud computing. The inaugural awards, launched in June 2011, opened to large, small, established and start-up organizations, to find and celebrate the pioneers that will shape the future of the industry as we move into 2012 and beyond. Finalists were selected by a panel of international industry experts. For more information about the Cloud Awards please visit http://www.cloud-awards.com/.

About Broadview Networks www.broadviewnet.com

Broadview is a network-based business communications provider serving customers nationwide with local and long-distance voice and data communications, premises-based and patented hosted VoIP systems, data services and a full suite of managed services and professional services. They also provide an innovative portfolio of bundled, hosted IP phone and cloud computing services designed to meet the unique application requirements of diverse workforce groups. Its customers benefit from award-winning customer service, including a Web-based account management tool and a primary point-of-contact for real-time, personal customer care.

Broadview is a control investment of MCG Capital Corporation (NASDAQ: MCGC). Its other large investors include Baker Capital and New Enterprise Associates.