RYE BROOK, N.Y.—October 3, 2011—Broadview Networks has achieved a major new milestone this week as the company’s award-winning cloud-based IP phone solution, OfficeSuite™, surpassed 75,000 stations in service nationwide.

OfficeSuite™ is Broadview’s award-winning cloud-based phone solution that provides any size business with an IP-based phone system, unlimited calling, and an easy-to-use Web portal to manage the service. OfficeSuite™ delivers a complete solution with more than 40 advanced features and applications that require no capital investment or maintenance contracts and no additional IT resources. Businesses also can easily add Broadview’s FrontLine™ MPLS service to securely connect locations in a fully meshed and QoS-enabled data network.

Broadview continues to garner industry recognition and awards for its innovative approach to cloud-based communications service. Infonetics Research recently ranked Broadview Networks in the top 10 in its 2011 VoIP and UC Services and Subscribers research report. OfficeSuite™ was also named “Product of the Year” by both Communication Solutions and Unified Communications magazine and was recognized with an NGN Leadership Award by NGN Magazine for “Outstanding Innovation in Hosted VoIP Arena.” The Telecommunications Association (TA) voted Broadview a 2010 “Top 5 Provider of Hosted VoIP” services in its annual 'Members Choice' poll.

“The 75,000 station milestone is a reflection of our innovation strategy for the OfficeSuite™ platform,” said Broadview Networks Chief Operating Officer Brian Crotty. “These innovations are driving wider appeal with businesses of all types and sizes nationwide. Not only has Broadview added extensive mobility features and call center options to the platform and upgraded the OfficeSuite™ softphone, but we’ve also made our online self-service portal one of the most responsive and easy-to-use in the industry.”

“Advanced hosted IP telephony platforms have made tremendous progress recently, and many of the features and capabilities that enterprises take for granted-- flexibility, disaster avoidance and economic scalability–are now available to SMBs," says Elka Popova, program manager with research firm Frost & Sullivan. “We expect the North American market for hosted IP telephony and UC services to reach $8.4 billion by 2017, and Broadview’s OfficeSuite™ platform to continue to be a key player in the SMB segment of this market.”

More information about OfficeSuite™ is available online at www.broadviewnet.com/officesuite.

About Broadview Networks Holdings, Inc. www.broadviewnet.com
Broadview Networks is a network-based business communications provider serving customers nationwide. It provides the total solution for business communications, including local and long-distance voice communications, premises-based and patented hosted VoIP systems, data services encompassing VPN- and MPLS-enabled applications, traditional telephone hardware, high-speed Internet services, a full suite of managed services and a range of professional services. The Company provides an innovative portfolio of bundled, hosted IP phone and cloud computing services designed to meet the unique application requirements of diverse workforce groups. Broadview customers benefit from award-winning customer service, including a Web-based account management tool and a primary point-of-contact for real-time, personal customer care.

The Company is a control investment of MCG Capital Corporation (NASDAQ: MCGC). Its other largest investors are Baker Capital and New Enterprise Associates.