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Natural Convergence buys NewStep for FMC tech
Natural Convergence, a hosted VoIP supplier based in Ottawa, Ontario, announced it purchased NewStep Networks, a fixed-mobile convergence company. UPDATE: The deal was an all-cash transaction, according to Natural Convergence spokesman Andrew Skafel. Natural Convergence said the acquisition would add fixed-mobile convergence technology to its hosted VoIP product, called "silhouette." The product is resold by carriers to small- and medium-sized businesses to replace legacy switching equipment with a hosted softswitch.
Natural Convergence said the acquisition of NewStep is part of a long-term strategy to increase growth through partnering and "leveraging adjacent markets." Could another acquisition be in Natural Convergence's immediate future?
For more:
- see the press release here
Related article
NewStep Gets Android and Social
Comments
Posted by Anonymous | June 8, 2009 - 12:38pm
Should the title include the word "buy"? I seriously doubt any money changed hands to pick up this dog.
Posted by Pete Wylie | June 8, 2009 - 1:02pm
A Natural Convergence spokesperson said it was an all-cash transaction. Thanks.
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