Broadvoice Announces Equity Investment from Crestline Investors to Accelerate Growth

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Broadvoice®, an award-winning provider of hosted voice, unified communications (UC), and SIP trunking services for businesses, announced a minority investment from Crestline Investors, Inc. (Crestline), an institutional alternative investment management firm.

The investment will provide additional resources to further fuel Broadvoice’s rapid expansion in the fast-growing UCaaS and CCaaS market while supporting its continued delivery of industry-leading customer satisfaction to its nationwide customer base. Broadvoice’s existing leadership team will continue to manage the organization and maintain a majority stake in the company.

“Today’s transaction marks another milestone in Broadvoice’s exciting history, as we continue to ramp our development, scale our operations and expand our portfolio of services,” said Jim Murphy, Broadvoice’s CEO. “What we saw in Crestline was a partner that believes in our vision, our team and our approach to the market. This is an opportunity to accelerate our current growth and leverage Crestline’s collective domain experience in the SaaS space. The pace of change is accelerating, and with this partnership, Broadvoice will provide even greater value to our customers, partners and employees.”