Aastra Acquires Telepo to Enhance Its Cloud Offering
TORONTO, ONTARIO -- (Marketwired) -- 01/20/14 -- Aastra
Technologies Limited - (TSX: AAH) ("Aastra") is pleased to announce
that its European subsidiary has acquired Telepo Ltd., the Nordic
leader for cloud-based, multi-tenant Enterprise Communication
Headquartered in Stockholm, Sweden, Telepo offers carrier-grade,
cloud-based, multi-tenant Unified Communication (UC) solutions.
Telepo's solution is based on a web-centric architecture which is
highly scalable, flexible and offers best-in-class mobile
integration, including the full range of standard voice, PBX and call
center features with fully-integrated security and pre-built web
based portals for multiple tiers of administrators.
Telepo gained traction in 2013, with over 40% growth in active users
as compared to 2012. Telepo ended the year with over 90,000 active
users and became profitable as a result of its continued focus on
developing its innovative multi-tenant solution addressing the
requirements of its service providers and their enterprise customers.
Telepo now provides its UC solution through 16 service providers,
including the two largest telecom operators in Sweden. Aastra will
leverage Telepo's solution and growth opportunities to enhance its
offerings for the European market, now enabling its customers to
decide whether they wish to implement market leading premised-based,
virtualized or multi-tenant cloud-based solutions depending on their
In accordance with the Arrangement Agreement dated November 10, 2013
between Mitel Networks Corporation (TSX: MNW) (NASDAQ: MITL)
("Mitel") and Aastra, Mitel has provided its consent to Aastra for
the Telepo acquisition. Telepo's multi-tenant solution will
complement Mitel's current multi-instance and virtualized solution
upon completion of the merger of Mitel and Aastra.
Bowen Advisors Inc. acted as financial advisor to Telepo and
Baumgarten Bystrom Rooth & Tallavaara Advokater AB acted as legal
counsel to Telepo. McCarthy Tetrault LLP acted as legal counsel to
Forward Looking Statements
Some of the statements in this press release are forward-looking
statements (or forward-looking information) within the meaning of
applicable Canadian securities laws. These include statements using
the words target, outlook, may, will, should, could, estimate,
continue, expect, intend, plan, predict, potential, project and
anticipate, and similar statements which do not describe the present
or provide information about the past. Such statements may include,
without limitation, statements regarding the completion of the
Arrangement and other statements that are not historical facts. There
is no guarantee that the expected events or expected results will
actually occur. Such statements reflect the current views of
management of Aastra and are subject to a number of risks and
uncertainties. These statements are based on many assumptions and
factors, including general economic and market conditions, industry
conditions, corporate approvals, regulatory approvals, operational
factors and other factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current
expectations. All forward-looking statements attributable to Aastra,
or persons acting on their behalf, are expressly qualified in their
entirety by the cautionary statements set forth in this paragraph.
Undue reliance should not be placed on such statements.
Forward-looking statements speak only as of the date they are made.
Except as required by law, we do not have any intention or obligation
to update or to publicly announce the results of any revisions to any
of the forward-looking statements to reflect actual results, future
events or developments, changes in assumptions or changes in other
factors affecting the forward-looking statements. You are advised to
consult Aastra's Management Proxy Circular dated December 11, 2013
and the Arrangement Agreement dated November 10, 2013 made between
Aastra and Mitel for risks, uncertainties and additional information
relating to the Arrangement, as well as any further public
disclosures made by Aastra on related subjects in reports and
communications filed on the System for Electronic Document Analysis
and Retrieval (SEDAR).
Aastra Technologies Limited (TSX: AAH) is a global company at the
forefront of the Enterprise Communication market. Headquartered in
Concord, Ontario, Canada, Aastra develops and delivers innovative and
integrated solutions that address the communication needs of
businesses small and large around the world. Aastra enables
Enterprises to communicate and collaborate more efficiently and
effectively by offering customers a full range of open standard
IP-based and traditional communications solutions, including
terminals, systems, and applications. For additional information on
Aastra visit www.aastra.com.
Telepo Ltd. is an innovative software vendor enabling any type of
service provider to offer advanced business communication solutions
as a service under its own brand. Telepo's Business Communication
Solution (BCS) is a multi-tenant, unified communication solution that
integrates mobile, fixed, and IP-based communication networks and is
a secure, cost-effective route for telecom operators and service
providers looking to offer enterprise services from their clouds.
Telepo is a privately held company funded by Accel Partners, Investor
Growth Capital and Kreos Capital and was founded in 2004. Telepo is
headquartered in Stockholm, Sweden. www.telepo.com.
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