Aastra Buys Telepo

Aastra Technologies Ltd. (AAH.TO) said Monday 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 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.

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 November, Aastra agreed to be bought by Mitel Networks Corp. (MITL, MNW.TO) for C$392 million. In accordance with the deal, Mitel has provided its consent to Aastra for the Telepo acquisition.

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