Strategic Group to divest VoIP division

CALGARY, April 17, 2015 /CNW/ - Strategic Group is pleased to announce the merger of its subsidiary, Shift Networks with Broad-Connect Telecom Inc. effective April 15, 2015. Shift Networks provides Voice over IP (VoIP) phone services to small and medium businesses across Canada.

Shift Networks engineered and commercialized a national platform to provide a range of unified communications (UC) and telephony solutions. Shift's merger with Broad-Connect - an IP telephony company with offices across Canada - will allow the consolidated customer base to benefit from an even broader telephony solution and service infrastructure on a full national platform with significant critical mass. It is not anticipated that any offices will be closed as a result of this merger.

"The merger is consistent with Strategic Group's strategy of creating value in industries outside of our core commercial real estate," said Riaz Mamdani, CEO of Strategic Group. "This concludes Strategic Group's eight year incubation of another successful business venture."

About Strategic Group

Strategic Group owns, manages and develops office, retail and apartment properties across Canada. Our approach is unconventional and creative while delivering on the fundamentals of real estate. This unconventional and creative approach is reflected in our Mantra: "Creating value others can't by seeing what others don't".

Alberta-based Strategic Group is one of the largest privately-held real estate companies in Canada. Our company is fully integrated, which means we own, manage, lease, develop, re-develop and re-purpose our portfolio on our own, for ourselves. Strategic Group has national reach, with property ownership from Vancouver Island to Atlantic Canada.

At Strategic Group, we adhere to our values around People, Community and Business:

  • Our People want to learn, grow and have fun
  • Our Community commitment is impact, legacy and pride
  • Our Business is about growth, sustainability and longevity

Real Estate is our focus but we also own businesses in other industries including construction, building services, oilfield services, telecom, pet care, agriculture, technology, and corporate finance.

SOURCE Strategic Group

For further information: For media inquiries, please contact: Lauren Herschel - Director, Brand and Community, Strategic Group, Direct: 403.234.3231, Email: lherschel@strategicgroup.ca, StrategicGroup.ca

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Strategic Group

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