Windstream Holdings plans to acquire Broadview Networks for $227.5 million.
Broadview, headquartered in Rye Brook, N.Y., provides cloud-based unified communications solutions to small and medium-sized businesses under the OfficeSuite UC brand.
“Broadview’s unique, proprietary unified communications solutions will advance our product portfolio, improving our competitiveness and ability to provide enhanced services to business customers,” said Tony Thomas, president and CEO of Windstream. “The transaction also will enable us to leverage Broadview’s experienced salesforce and cloud operations across our national footprint.”
“Broadview has been successful transforming its legacy telecom business into a leading provider of unified communications services to businesses that are ready to make the shift to the cloud for their communications services,” said Mike Robinson, president and CEO of Broadview. “Windstream’s nationwide footprint, extensive portfolio of service offerings, vast distribution and attractive customer base are a natural fit for our strategic direction. We look forward to combining forces with their team to continue expanding our UCaaS business by delivering best-in-class services to customers across the country.”
The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions, including receipt of necessary federal and state regulatory approvals.
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