HALIFAX and MONTREAL, June 2 /CNW/ - Bell Aliant Regional Communications
Income Fund (Bell Aliant) and Abilis Solutions (Abilis) announce that the two
parties concluded a share purchase agreement yesterday for Abilis to acquire
from Bell Aliant all of the outstanding shares of xwave New England Corp.
(xwave New England) for USD $4.5 million.
The xwave New England business provides systems integration expertise in
the North Eastern United States, with specific focus on the correctional
services market. The division employs approximately 40 employees in Portland,
"We are pleased to finalize the sale to Abilis of our xwave New England
division as this is a very specialized business outside of our core
geographical territory," said Karen Sheriff, Bell Aliant President and CEO.
"As we continue to advance the Bell Aliant 2009 business plan and focus on our
strategic objectives, xwave remains an important part of our business in
serving our enterprise customers with IT solutions. We look forward to working
with Abilis through this swift transition for our employees and our clients."
"The acquisition of xwave New England is a natural expansion for Abilis
given our partnership with xwave has been in existence for the past two
years," said Eric Le Goff, President of Abilis. "This transaction allows us to
capitalize on our previous successes and expand products and services to a new
The companies will work together to ensure the transition is as seamless
xwave, a division of Bell Aliant, is an Information Technology company
that provides Advanced Technology Solutions and IT Professional Services to
its clients, including leading eHealth solutions. Through highly-skilled IT
professionals xwave plans, designs, builds, and delivers technology solutions
that meet clients' business needs. xwave employs over 900 people in offices in
St. John's, Halifax, Moncton, Saint John, Fredericton, Charlottetown,
Summerside, Montreal, Ottawa, and Toronto. More information can be found at
About Bell Aliant
Bell Aliant (TSX: BA.UN) is one of North America's largest regional
communications providers. Through its operating entities it serves customers
in six Canadian provinces with innovative information, communication and
technology services, including voice, data, Internet, video and value-added
business solutions. Through its xwave offices, Bell Aliant also provides IT
professional services. Bell Aliant's employees are committed to deliver the
highest quality of customer service, choice and convenience. More information
can be found at www.bellaliant.ca.
Abilis Solutions specializes in systems and technology integration as
well as the development and production of customized applications. With
offices in Canada, the United States and France, Abilis Solutions reaches
clients in North America and Europe. Abilis Solutions distinguishes itself
with its innovation ability, the high level of technological knowledge and
productivity of the delivery teams and with a delivery promise based on a
fixed-priced approach, most from its Innovation Center located in Montreal.
More information can be found at www.abilis.ca.
For further information:
For further information: Media relations: Alyson Queen, Bell Aliant
Public Affairs, (902) 487-5653, firstname.lastname@example.org; Hugo Morissette,
Abilis Solutions, (514) 962-4648, email@example.com; Investor relations:
Zeda Redden, Bell Aliant, Investor Relations, (902) 487-5726,
firstname.lastname@example.org; Bertrand Double, Abilis Solutions, (514) 844-4888