EXFO Acquires Assets of Aito Technologies

QUEBEC CITY, June 19, 2014 /PRNewswire/ – EXFO Inc. (NASDAQ: EXFO, TSX:
EXF) announced today it has acquired the business of Aito Technologies,
a leading provider of customer experience analytics for mobile network
operators (MNOs), through an asset purchase deal.

Based in Espoo, Finland, Aito Technologies offers out-of-the-box
customer experience analytics software that unifies business, network,
product and customer data for real-time analysis, discovery, reaction
and decision support for a wide range of users and decision-makers
within a wireless operator organization.

Tracking and improving customer experience has become a primary focus
throughout the mobile industry as the proliferation of smartphones and
tablets, coupled with an explosion in streaming video, new services and
applications, are fueling an exponential increase in data traffic and
network complexity. Against this backdrop, MNOs must consistently
provide superior quality of experience (QoE) at a lower cost in order
to retain their most profitable customers. Consequently, end-to-end
visibility and analytics are becoming mission-critical to assure
high-performance service delivery.

EXFO will combine the powerful analytics software capabilities of Aito
Technologies with its wide range of wireless products, systems and
solutions to provide MNOs with heightened, end-to-end visibility of
their 3G and 4G/LTE network infrastructures. Aito Technologies’
analytics software allows network engineers to drill down to data
gathered from multiple sources, including end-user and data-plane
information from passive probes like EXFO’s dual 10G line-rate capture
PowerHawk Pro. In addition, analyzed data is cross-correlated with
information from CRM databases, network elements and operations support
systems in order to provide MNOs deep visibility into the end-to-end
experience of subscribers.

Terms of the acquisition were not disclosed.

“Aito Technologies’ software suite is already deployed at about 10
wireless operators globally, helping them obtain actionable information
to better manage customer experience over their 3G and 4G/LTE
networks,” said Germain Lamonde, EXFO’s Chairman, President and CEO.
“We are combining Aito’s capabilities with EXFO’s suite of instruments,
systems and solutions—especially with our powerful wireless PowerHawk
Pro analyzers—that will provide MNOs with contextually relevant
analytics and valuable insight to improve end-user quality of
experience, enhance network performance and drive operational

About EXFO
Listed on the NASDAQ and TSX stock exchanges, EXFO is a leading provider
of next-generation test, service assurance and end-to-end quality of
experience solutions for mobile and fixed network operators and
equipment manufacturers in the global telecommunications industry.
EXFO’s intelligent solutions with contextually relevant analytics
improve end-user quality of experience, enhance network performance and
drive operational efficiencies throughout the network and service
delivery lifecycle. Key technologies supported include 3G, 4G/LTE,
VoLTE, IMS, video, Ethernet/IP, SNMP, OTN, FTTx, xDSL and various
optical technologies accounting for more than 38% of the global
portable fiber-optic test market. EXFO has a staff of approximately
1600 people in 25 countries, supporting more than 2000 customers
worldwide. For more information, visit www.EXFO.com and follow us on the EXFO Blog, Twitter, LinkedIn, Facebook, Google+ and YouTube.

Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995,
and we intend that such forward-looking statements be subject to the
safe harbors created thereby. Forward-looking statements are statements
other than historical information or statements of current condition.
Words such as may, expect, believe, plan, anticipate, intend, could,
estimate, continue, or similar expressions or the negative of such
expressions are intended to identify forward-looking statements.
In addition, any statement that refers to expectations, projections or
other characterizations of future events and circumstances are
considered forward-looking statements. They are not guarantees of
future performance and involve risks and uncertainties. Actual results
may differ materially from those in forward-looking statements due to
various factors including, but not limited to, macroeconomic
uncertainty as well as capital spending and network deployment levels
in the telecommunications industry (including our ability to quickly
adapt cost structures with anticipated levels of business and our
ability to manage inventory levels with market demand); future
economic, competitive, financial and market conditions; consolidation
in the global telecommunications test and service assurance industry
and increased competition among vendors; capacity to adapt our future
product offering to future technological changes; limited visibility
with regards to customer orders and the timing of such orders;
fluctuating exchange rates; concentration of sales; timely release and
market acceptance of our new products and other upcoming products; our
ability to successfully expand international operations; our ability to
successfully integrate businesses that we acquire; and the retention
of key technical and management personnel. Assumptions relating to the
foregoing involve judgments and risks, all of which are difficult or
impossible to predict and many of which are beyond our control. Other
risk factors that may affect our future performance and operations are
detailed in our Annual Report, on Form 20-F, and our other filings with
the U.S. Securities and Exchange Commission and the Canadian securities
commissions. We believe that the expectations reflected in the
forward-looking statements are reasonable based on information
currently available to us, but we cannot assure that the expectations
will prove to have been correct. Accordingly, you should not place
undue reliance on these forward-looking statements. These statements
speak only as of the date of this document. Unless required by law or
applicable regulations, we undertake no obligation to revise or update
any of them to reflect events or circumstances that occur after the
date of this document.


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