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Frost & Sullivan Recognizes EXFO’s Analytics Leadership with New Product Innovation Award

QUEBEC CITY, CANADA, February 24, 2015 — EXFO Inc. (NASDAQ: EXFO; TSX: EXF) today announced that it has been named recipient of Frost & Sullivan’s 2015 New Product Innovation Award in the performance monitoring market for network operators.

According to Frost & Sullivan, a leading global research and market analysis firm, EXFO has solidified its leadership position with its EXFO Xtract solution, which has broken the mold of conventional monitoring by providing a holistic view of the network infrastructure and service performance delivery.

“EXFO’s Xtract portfolio substantially enhances end-user visibility across heterogeneous networks. The ease with which the product can be incorporated into the network dramatically reduces turnaround time. This in turn results in a higher return on investment for the end-user,” said Frost & Sullivan Research Associate Rohan Joy.

Having complete visibility by accessing multiples data sources has become essential, especially with the marked rise of virtualization and cloud-based service offerings, because the need for reliable, high performance networks has never been greater. Operators must therefore have the capability to effectively process big data in order to address the most pressing issues before they impact customers, regardless of differing network equipment manufacturer constraints or network architectures.

With the evolution of the existing EXFO Xtract platform, EXFO brings together its expertise in service automation, active testing, passive monitoring and infrastructure polling into a comprehensive E2E solution. With this level of expertise and integration at their disposal, operators can now rely on a centralized and scalable platform to increase their visibility into the performance of their infrastructure, as well as the services that run over it. This gives them an unprecedented level of historical and real time actionable information to accurately pinpoint service-affecting events in their network and effectively address any situation before it impacts their customers, and thus their bottom line.

“This recognition from Frost & Sullivan truly demonstrates EXFO’s ability to differentiate itself from the competition by introducing unique and innovative solutions that are specifically designed and developed to optimize operational efficiency,” said Claudio Mazzuca, Vice-President of EXFO's Transport and Service Assurance Division.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

About EXFO

Listed on the NASDAQ and TSX stock exchanges, EXFO is a leading provider of next-generation test, service assurance and end-to-end quality of experience solutions for mobile and fixed network operators and equipment manufacturers in the global telecommunications industry. EXFO’s intelligent solutions with contextually relevant analytics improve end-user quality of experience, enhance network performance and drive operational efficiencies throughout the network and service delivery lifecycle. Key technologies supported include 3G, 4G/LTE, VoLTE, IMS, video, Ethernet/IP, SNMP, 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 EXFO.com  and follow us on the EXFO Blog, Twitter, LinkedIn, Facebook, Google+ and YouTube.