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

Mpls

MPLS or Mpls can refer to:* Minneapolis, Minnesota, United States* Multiprotocol Label Switching, a data-carrying mechanism in computer networking...

 enabled offerings; hosted and premises-based VOIP systems; traditional telephone systems; and high-speed Internet services using DSL, T1 and T3 technologies.

In late 2007, Broadview filed with the Securities and Exchange Commission to raise approximately $287.5 million in an initial public offering

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

. Broadview has raised over $320 million in total venture capital funding since its founding in 1996. Current shareholders include Baker Capital, MCG Capital Corp., New Enterprise Associates

New Enterprise Associates

New Enterprise Associates is a global investment firm focused on venture capital and growth equity investments. With approximately $11 billion in committed capital, NEA is among the largest venture firms. The firm invests in three broad industry sectors: information technology, healthcare, and...

, ComVentures, WPG Enterprise Fund, Apollo Management

Apollo Management

Apollo Global Management, LLC is a private equity investment firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry...

 and Trimaran Capital Partners

Trimaran Capital Partners

Trimaran Capital Partners is a middle-market private equity firm formerly affiliated with CIBC World Markets. Trimaran is headquartered in New York City and founded by former investment bankers from Drexel Burnham Lambert. Trimaran’s predecessors were early investors in telecom and Internet...

.

Broadview has acquired a number of businesses since its founding in 1996. In 2007, the company purchased InfoHighway Communications, a provider of hosted and managed communications solutions. The prior year, in 2006, Broadview purchased ATX Communications, an integrated communications and managed services provider. Previously,, Broadview acquired a portion of the business customer base of RCN Corporation

RCN Corporation

RCN Corporation, founded in 1993 and based in Herndon, Virginia, is the first American facilities-based competitive provider of bundled telephone, cable television and high-speed internet service delivered over its own fiber-optic local network to consumers in the Boston, New York, Eastern...

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

IDT Corp.

IDT Corporation is a telecommunications and energy company headquartered in Newark, New Jersey.-History:IDT was founded by entrepreneur Howard Jonas in August 1990...