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Broadview Networks to acquire assets of Natural Convergence
[August 06, 2009]

Broadview Networks to acquire assets of Natural Convergence

Aug 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Broadview Networks, Inc., a US-based network-based integrated communications provider, has signed an agreement to acquire the assets of Natural Convergence, Inc. (NCI).

NCI is a Canada-based provider of hosted VoIP (Voice over Internet Protocol) applications to telecom carriers and service providers.

The acquisition includes NCI's software, including source and development code, and other related assets. It also includes all hardware, inventory, and intellectual property held by NCI, including patents, trademarks, and service marks.

With the acquisition, Broadview Networks will acquire the intellectual property, previously purchased under a license agreement, including the source code, of NCI's premier application Silhouette(TM).

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-08-05 Deal Participants Target (Company) Natural Convergence, Inc. - Assets Acquirer (Company) Broadview Networks, Inc.

Vendor (Company) Natural Convergence, Inc.


Deal Rationale The acquisition would allow Broadview Networks to offer customers a hosted IP phone solution which Broadview Networks' believes to be an attractive alternative to premise-based voice systems.

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