Teleo Capital completed the acquisition of a majority stake in Adaptive Service Assurance Division of EXFO.

Teleo Capital, a private equity firm, completed the acquisition of a majority stake in Adaptive Service Assurance Division of EXFO, a provider of test, monitoring, and analytics solutions for the telecommunications industry. Financial terms were not disclosed. "EXFO’s adaptive service assurance solutions have helped network operators globally automate, analyze, and optimize their operations, and NumoData will now advance the innovation even further," Philippe Morin, EXFO CEO.