Broadview Networks is a network-based electronically integrated communications provider serving small and medium-sized businesses in the Northeastern and Mid-Atlantic United States. The Company offers local, long-distance and international voice services; data services that encompass

VPN A virtual private network (VPN) extends a private network across a public network and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network. The be ...

and

MPLS Multiprotocol Label Switching (MPLS) is a routing technique in telecommunications networks that directs data from one node to the next based on labels rather than network addresses. Whereas network addresses identify endpoints the labels identif ...

enabled offerings; hosted and premises-based

VOIP Voice over Internet Protocol (VoIP), also called IP telephony, is a method and group of technologies for the delivery of voice communications and multimedia sessions over Internet Protocol (IP) networks, such as the Internet. The terms Interne ...

systems; traditional telephone systems; and

Internet access Internet access is the ability of individuals and organizations to connect to the Internet using computer terminals, computers, and other devices; and to access services such as email and the World Wide Web. Internet access is sold by Internet ...

services using

digital subscriber line Digital subscriber line (DSL; originally digital subscriber loop) is a family of technologies that are used to transmit digital data over telephone lines. In telecommunications marketing, the term DSL is widely understood to mean asymmetric d ...

(DSL) and related technologies. Broadview raised over $320 million in total venture capital funding since its founding in 1996. Shareholders included Baker Capital, MCG Capital Corp.,

New Enterprise Associates New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the w ...

, ComVentures, WPG Enterprise Fund,

Apollo Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...

and Trimaran Capital Partners. In late 2007, Broadview filed with the

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against mark ...

to raise approximately $287.5 million in an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. Broadview acquired a number of businesses since its founding in 1996. Broadview acquired a portion of the business customer base of

RCN Corporation RCN Corporation, originally Residential Communications Network, founded in 1993 and based in Princeton, New Jersey, was the first American facilities-based ("overbuild") provider of bundled telephone, cable television, and internet service de ...

, certain Net2000 Communications assets earlier acquired by Cavalier Telephone and the DSL business of

IDT Corporation IDT Corporation (originally standing for International Discount Telecommunications) is a multinational provider of cloud communications, point of sale systems, unified communications, and financial services for businesses and consumers, headquar ...

In 2006, Broadview purchased ATX Communications, an integrated communications and

managed services Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the re ...

provider. In 2007, the company purchased InfoHighway Communications, a provider of hosted and managed communications solutions. In August 2012 Broadview filed for

Chapter 11 Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whet ...

bankruptcy. It exited the process in October 2012. On April 13, 2017 it was announced that Broadview would be acquired by

Windstream Holdings Windstream Holdings, Inc., also doing business as Windstream Communications or Windstream, is a provider of voice and data network communications (broadband, VoIP, MPLS), and managed services ( virtual servers, managed firewall, data storage, clou ...

in an all-cash transaction valued at $227.5 million.

References

External links

Broadview Networks
(company website) Telecommunications companies of the United States Private equity portfolio companies {{US-telecom-company-stub

See also

References

External links