Three former Berbee Information Networks Corp. executives have acquired a division of the company they used to run from the firm that bought it, CDW Corp.
The division, called Berbee Software, is the core of a new company based in Madison called Singlewire Software LLC.
Singlewire sells Internet protocol software systems that provide paging and security services. It is used by schools to ring bells and make announcements, and by hospitals to track lost wheelchairs and provide notifications when doors are left open, for example.
Financial terms of the deal were not disclosed. As part of the transaction, Singlewire will hire the 23 employees in the Berbee Software division, said Paul Shain, Singlewire’s president and chief executive officer. Shain was previously Berbee Information Network’s chief executive and a senior vice president at CDW.
Singlewire is operating in an exciting market because of the move companies and others are making to Internet protocol from analog technology, Shain said. Many companies, for example, are turning to Voice over Internet Protocol, or VoIP phones for more flexible and less costly systems.
“We’ve got a great group of people and very exciting technology, so we think we can grow it into a sizable company,” said Shain, who was research director at Robert W. Baird & Co. before joining Berbee.
Singlewire has less than $10 million in sales, and its clients include Brandeis University, British Airways and the U.S. Department of Commerce, Shain said.
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