QUEBEC CITY, QC, April 7, 2014 /PRNewswire/ – EXFO Inc. (NASDAQ: EXFO;
TSX: EXF) announced today it has acquired the assets of ByteSphere LLC,
a privately held software company in the Boston area that specializes
in global IT management and network monitoring solutions.

This transaction extends EXFO’s capabilities in network performance
management for infrastructure monitoring through highly scalable device
and network element polling. ByteSphere’s solutions feature advanced
patented techniques for infrastructure performance management,
including network element polling and fault management. ByteSphere’s
products and tools are used by some of the world’s largest tier-1
network operators and Fortune Global 500 companies.

EXFO has acquired all the assets and intellectual property rights of
ByteSphere as a complement to its BrixWorx line of service assurance
solutions, creating a powerful combination of network and service
performance monitoring for mobile and fixed telecommunications. The
combination of these capabilities provides unprecedented, real-time
correlation between network element performance metrics and probe-based
service performance metrics, positioning EXFO to drive the value of
this raw data into correlated and actionable events for customers
through advanced analytics and visualization.

Terms of the transaction were not disclosed.

“EXFO is thrilled with the acquisition of ByteSphere’s assets as it is
very synergistic with our total solutions offering in service assurance
and network performance management, especially in critical areas like
small cells, wireless backhaul and metro Ethernet,” said Germain
Lamonde, EXFO’s Chairman, President and CEO. “ByteSphere’s leading-edge
technology adds expanded network visibility to EXFO’s highly acclaimed
active IP/Ethernet service assurance solutions, which will allow
customers to dramatically streamline network operations and improve
overall network quality.”

About EXFO
Listed on the NASDAQ and TSX stock exchanges, EXFO is among the leading
providers of next-generation test, service assurance and end-to-end
solutions for mobile and fixed network operators as well as equipment
manufacturers in the global telecommunications industry. The company
offers innovative solutions for the development, installation,
management and maintenance of converged, IP fixed and mobile
networks—from the core to the edge. Key technologies supported include
NFV, VoIP, 3G, 4G/LTE, IMS, Ethernet, 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, will, expect, believe, anticipate, intend, could,
estimate, continue, or the negative or comparable terminology are
intended to identify forward-looking statements. In addition,
any statements that refer 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 macro-economic 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; 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 integrate our
acquired and to-be-acquired businesses; our ability to successfully
expand international operations; 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 you 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.

SOURCE EXFO inc.