[img]http://i167.photobucket.com/albums/u139/gtroyal/briascreenshot_large.jpg[/img] Counterpath (nee Xten), makers of the excellent Eyebeam VoIP Client, has acquired NewHeights, a VC/private equity funded company based out of Vancouver. On face value it looks like Counterpath is taking over New Heights but:
The combined company will maintain the CounterPath name and brand, will have approximately 100 employees and will be headquartered in Vancouver, British Columbia with a development office in Ottawa, Ontario. Sir Terence H. Matthews, Chairman of Mitel Corporation and Wesley Clover, will become the Chairman of CounterPath. Greg Pelling, President of NewHeights and formerly with Cisco Systems and PricewaterhouseCoopers, will be the company’s Chief Executive Officer. Mark Bruk, CounterPath’s founder, will remain active in the company and on the board as Vice Chairman.
This looks like a recapitalization of NewHeights and a reverse merger into Counterpath. What ever it is, it is good news for the VoIP soft client business because a healthy strong soft client vendor (of which there is really only this one) is vital to move the industry forward. Read more here.
