Natural Convergence sells assets after insolvency

Broadview Networks, a business communications provider, announced its has purchased some of its Natural Convergence Inc.'s software, hardware and intellectual property assets, including the rights to the silhouette product line. Natural Convergence, which is insolvent according to reports, purchased assets from another defunct company, NewStep Networks, just two months prior, raising some questions about the firm's capital allocation.

After that acquisition, Natural Convergence President Bill Crank said in an interview that the company was looking at other purchasing opportunities in the next six to nine months, but it appears that poor economic conditions have reversed that equation. Broadview said it would hire nine Natural Convergence employees as part of the purchase, according Venturewire.

For more:
- see the Ottowa Citizen article here 

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