Telepo Acquired by Aastra
BOSTON, January 21, 2014 – Bowen Advisors is pleased to announce that Telepo Ltd., a leading provider of cloud-based, multi-tenant unified communications (UC) solutions, has been acquired by Aastra Technologies Limited (TSX: AAH). Bowen Advisors provided sellside M&A advisory services to Telepo.
As was publicly announced on November 11, 2013, Mitel Networks Corporation (NasdaqGS: MITL), is in the process of acquiring Aastra. Mitel has provided its consent to Aastra for the Telepo acquisition in accordance with the pending merger agreement between the two companies.
Headquartered in Stockholm, Sweden, Telepo offers carrier-grade, highly scalable UCaaS solutions based on a web-centric architecture with best-in-class mobile integration. Aastra and Mitel will leverage Telepo’s offering and expanding customer base to enhance their competitive position in the European market, enabling customers to choose between market-leading premise-based, virtualized or multi-tenant, cloud-based solutions.
“The Telepo transaction represents our unwavering commitment to working with the most innovative, next-generation communications software companies and to providing M&A services in Europe,” said Paul Bowen, President of Bowen Advisors. “Enterprise adoption of next-generation UC features and cloud-based service delivery for communications has been explosive, but is still in the early innings. We look forward to assisting fast-growing companies in this sector and creating premium outcomes for our clients and their investors.”
Click here for Aastra’s press release.