Broadview Buys ATX

Broadview has agreed to acquire ATX

June 27, 2006

2 Min Read

RYE BROOK, N.Y. -- Broadview Networks Holdings, Inc. today announced it has agreed to acquire ATX Communications, Inc., an integrated communications provider that serves business customers in the Mid-Atlantic region including Pennsylvania, New Jersey, Delaware, Maryland, Virginia and the District of Columbia. On a combined basis, the company will provide voice and data communications services to 75,000 business and 25,000 residential customers, representing more than 600,000 access line equivalents.

Together, Broadview and ATX will offer a wide variety of enhanced and managed services and hardware solutions to business customers. The combined company, which will be privately held, will generate annual revenues of approximately $400 million, and will be powered by a network of 10 legacy and next generation switching centers and more than 230 collocations.

"We are extremely happy to have the opportunity to bring together two organizations that are focused on the same goals," said Michael K. Robinson, Chief Executive Officer of Broadview. "We are each committed to delivering innovative and cost-effective integrated voice and data solutions for our customers, with a passion for excellence in customer care. Our teams of customer-focused employees will share best practices and product sets, and our customers will benefit from the product and network resources each of us brings to our new organization."

"The combination of Broadview and ATX gives us a significant presence in 10 states in the Northeast and Mid-Atlantic U.S., including every major metro market," continued Robinson. "With $400 million of revenue and 75,000 business customers, we are uniquely positioned to serve commercial accounts throughout our footprint."

Jeffrey D. Coursen, Chief Operating Officer of ATX Communications, commented on the benefits to ATX customers and employees. "Our alignment with Broadview Networks is yet another positive step in ATX's significant progress over the past few years. On top of the improvements we've achieved in operating profit, product offerings, service delivery, customer satisfaction and employee effectiveness, we now look forward to joining forces with Broadview to become an even more competitive, responsive source of technology and expertise for businesses."

Broadview Networks Holdings Inc.

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