Wesley Clover Commences Operations In India

Appoints Anil Khosla as the CEO and Managing director

Saket, New Delhi, December 11, 2007 /India PRwire/ Canadian based Wesley Clover Corporation, the highly respected international investment and technology group, today announced the setting up of its operations in India. The new company, Wesley Clover Solutions Pvt. Ltd., based out of Gurgaon, Haryana, has been incorporated to develop new and existing business opportunities in the burgeoning Indian high technology market. Wesley Clover also announced the appointment of Mr. Anil Khosla as the CEO and Managing director of the Indian operation.

“Wesley Clover is controlled by technology magnate and entrepreneur, Sir Terry Matthews, a prominent investor in the technology, real-estate and leisure industries. Sir Terry has founded, financed or brought to market over 60 high technology companies including Mitel, March Networks, Dragonwave, BridgewaterSystems, Newport Networks, INUK, Solace Systems and many others.

The Wesley Clover operations in India will work closely with other business affiliates and partners to introduce state-of-the-art Internet Protocol (IP) technologies, such as advanced IP communications solutions from Mitel. It will invest in research, development and support services to develop new, innovative applications for the portfolios of solutions from associated companies both in India and worldwide.

“Our associated companies are already doing business in India. Opening our office in India will not only expand our operations here but will also allow us to address the very significant market opportunities that exist today. We will draw on the local, highly-skilled pool of engineers to create new IP based applications for businesses”, said Sir Terry. “I have visited India many times during my career and I like the people, the culture and the creative energy that exists here so I feel quite comfortable in making the significant investment required to capitalize on the opportunities in this growth market” he further added

The operation will also focus on opportunities in specific vertical markets such as hospitality, transportation, healthcare, utilities and retail to emulate the success that other associated companies have established in other parts of the world

“Wesley Clover’s leading edge IP solutions coupled with the vision of Sir Terry Matthews and a disciplined determination to succeed allows us to leverage the industry experience and knowledge of a veteran management team for the Indian market”, added Mr. Khosla.

Anil Khosla is an industry veteran with over 30 years experience in the Indian telecommunications market and has held executive and senior management positions for Indian and multinational equipment manufacturers and service providers. In addition Mr. Khosla has, as past president of the Telecom Equipment Manufacturers Association, worked closely with policy makers in the Indian government in areas such as telecommunications liberalization.

Notes to Editor

About Wesley Clover

Wesley Clover is a prominent investor and successful manager of investments in Technology, Real-Estate and Leisure Industries. With a broad yet complementary portfolio of investments and interests Wesley Clover is one of the world’s premier names in private equity investments. Our technology investments are highly focused and targeted at next-generation networking and telecommunications opportunities. Our practice is to take a hands-on, active investor role working to build the business, leverage relationships and promote partnerships.

With offices in the United Kingdom, Canada, UAE, Russia and India, Wesley Clover has developed a reputation as a truly world class investment group.Please visit us at www.wesleyclover.com

About Mitel

Mitel is a leading provider of unified communications solutions and services for business customers. Mitel's voice-centric IP-based communications solutions consist of a combination of telephony hardware and software that integrate voice, video and data communications with business applications and processes. These solutions enable customers to realize significant cost benefits and to conduct business more efficiently and effectively by enabling enhanced communications, information sharing and collaboration within a business and with customers, partners and suppliers.

Mitel is headquartered in Ottawa, Canada, with offices, partners and resellers worldwide. For more information, visit >www.mitel.com

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