TELEO Capital Management has acquired the Adaptive Service Assurance division from EXFO, establishing NumoData as an independent AI-driven network intelligence company.

Information on the Target

NumoData, a newly formed independent global software company, specializes in AI-driven network intelligence, AIOps, and advanced analytics tailored for communications service providers (CSPs) and enterprises. Established in 2025 following the acquisition of EXFO's Adaptive Service Assurance (ASA) business by TELEO Capital, NumoData is committed to revolutionizing network operations through the integration of generative AI, autonomous solutions, and predictive analytics across various network types, including mobile, broadband, and private 5G networks. The company is supported by a strong foundation of over 17 years in the industry and maintains strategic partnerships with prominent industry leaders, serving global Tier 1 and Tier 2 CSPs from its headquarters in the U.S. and regional offices worldwide.

The transition from EXFO to NumoData involves the movement of employees and leadership from EXFO’s ASA division to the new entity. Although EXFO retains a minority stake in NumoData, Philippe Morin has been appointed to NumoData’s board of directors to facilitate a seamless transition and ongoing collaboration. This strategic move underscores NumoData's potential to lead the charge in network innovation.

Industry Overview in the Target’s Specific Country

The telecommunications industry in the United States is rapidly evolving, driven by advancements in technology, particularly in artificial intelligence and 5G networks. As CSPs seek to enhance operational efficiency and improve user experience, the