EXFO acquires venture-backed Aito Technologies

EXFO Inc (TSX: EXF), through an asset purchase deal, has acquired the business of Aito Technologies, a provider of customer experience analytics for mobile network operators. The financial terms of the transaction were not disclosed. Based in Espoo, Finland, Aito has been a portfolio company of European venture capital firm Conor Venture Partners since 2007. The Québec City-based EXFO said Aito's analytics software will be combined with its suite of wireless instruments, systems and solutions for the company's clients in the global telecommunications industry.

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