Windstream Holdings Inc. has reached a deal to purchase Broadview Networks Holdings Inc., an Internet-based telephone service provider, in an all-cash transaction for approximately $227.5 million. The target advances Windstream’s product portfolio and allows the buyer to leverage Broadview’s cloud operations and sales force, according to Windstream CEO Tony Thomas.

Founded in 1996, Broadview dubs itself as a “virtual phone system” that provides voice over Internet protocol (VoIP) services to small and medium-sized businesses. The Rye Brook, New York-based target services companies in the Northeastern and Mid-Atlantic U.S. across a variety of industries, including: healthcare and dental, financial services, retail, education and government, and real estate.

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