EXFO Inc. (formerly EXFO Electro-Optical Engineering Inc.) is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers. The Company offers core-to-edge solutions that assess the performance and reliability of converged, Internet protocol (IP) fixed and mobile networks. Its test and service assurance solutions are used during the life cycle of a network: research, development, manufacturing, installation, maintenance and monitoring. The Life Sciences and Industrial Division was sold to private interests in October 2010. During the fiscal year ended August 31, 2010 (fiscal 2010), the Company launched 20 new products. In September 2010, it purchased premises in Magarpatta, Pune, India. On March 12, 2010, it wholly owned subsidiary, EXFO Finland Oy, acquired 91% of the issued and outstanding common shares of NetHawk Oyj.