CounterPath Buys BridgePort

CounterPath Corp. (OTCBB: COPA), a provider of desktop and mobile VoIP software, has acquired BridgePort Networks Inc., a Chicago-based provider of fixed-mobile convergence solutions for service providers. No financial terms were disclosed. BridgePort had raised $48 million in VC funding since 2003, from firms like General Catalyst Partners, Polaris Venture Partners, Summerhill Venture Partners and TD Capital.  

PRESS RELEASE

CounterPath Corporation (OTCBB: COPA), a leading provider of desktop and mobile VoIP software products and solutions, today announced that it has acquired BridgePort Networks, Inc., a leading innovator in Fixed Mobile Convergence (FMC) solutions for service providers. The addition of carrier-class FMC solutions to its VoIP softphone and enterprise offerings immediately broadens the company's market reach. Fixed and mobile service providers gain a competitive advantage by offering CounterPath's integrated voice, video, messaging and presence-based services for consumers and enterprises on virtually any mobile and SIP-enabled device. The acquisition firmly establishes CounterPath as a provider of innovative FMC solutions and an early leader in the growing mobile VoIP solution space.

“We are rapidly executing on the new strategy and vision that started with our acquisition of NewHeights Software, that is, to transform CounterPath from a leading desktop softphone company to an innovative 'one stop shop' VoIP solutions company,” said Greg Pelling, Chief Executive Officer of CounterPath. “Our acquisition of BridgePort Networks builds on the value of our most recent acquisition of FirstHand Technologies, a leader in Enterprise FMC. By adding BridgePort's unique carrier-class FMC offerings, we now become the industry innovation leader for service providers, enterprises, small and medium businesses and consumers as the only company offering a tailored platform that seamlessly bridges voice, text messaging, multimedia, video and presence-based applications between virtually any networks – fixed or mobile. Our management team's unique approach to successfully identify, acquire and integrate companies allows us to rapidly execute on CounterPath's strategy and increase shareholder value while establishing ourselves as a trusted innovator to our growing list of strategic clients.”

BridgePort Networks is a leader in providing mobile convergence enabling IP Multimedia Subsystem (IMS) and pre-IMS applications for a variety of service providers. The company's Session Initiation Protocol (SIP) open standards-based approach creates a seamless union between mobile and broadband networks, allowing users to benefit from numerous advantages such as single number identity regardless of the network they use. BridgePort's innovative products include the MobileSTICK