Aastra acquires Telepo to enhance its Cloud Offering
Stockholm, 20 January 2014
TORONTO, ONTARIO (20 January 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 needs.
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 Byström Rooth & Tallavaara Advokater AB acted as legal counsel to Telepo. McCarthy Tétrault LLP acted as legal counsel to Aastra.