RYE BROOK, N.Y. – September 14, 2009--Broadview Networks today announced it has completed the purchase of select assets of Natural Convergence Inc. (NCI) of Ottawa, Canada. As a result of the purchase, Broadview Networks now owns the intellectual property of NCI’s premier application, Silhouette™, as well as other related software and materials. Steve Pequegnat, who will report to Ken Shulman, Broadview Networks’ chief technology officer, will lead development and support staff operations in Ottawa.
Specific terms of the transaction were not disclosed.
About Broadview Networks www.broadviewnet.com
Broadview Networks is a network-based business communications provider serving customers throughout the Northeast and Mid-Atlantic. Broadview provides the total solution for business communications including local and long distance voice communications; hosted and premises-based VoIP systems; data services encompassing VPN and MPLS-enabled applications; traditional telephone hardware; high-speed Internet services; a full suite of managed services and a range of professional services. Broadview 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 Networks is a control investment of MCG Capital Corporation (NASDAQ: MCGC). Broadview Networks’ largest investors are MCG Capital, Baker Capital, and New Enterprise Associates.