Aastra Acquires Telepo to Enhance Its Cloud Offering

FOR: Aastra Technologies Limited 
JANUARY 20, 2014 
Aastra Acquires Telepo to Enhance Its Cloud Offering 
TORONTO, ONTARIO--(Marketwired - Jan. 20, 2014) - 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 solutions.  
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 particular
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 Aastra. 
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).  
About Aastra  
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. 
About Telepo  
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.  
Allan Brett
John Tobia
General Counsel
INDUSTRY:  Computers and Software - Networking, Telecom - Networking, Telecom -
Telecommunication Equipment, Telecom - Telecommunication Services, Telecom -
-0- Jan/20/2014 13:00 GMT
Press spacebar to pause and continue. Press esc to stop.