OBJ LogoJanuary 4, 2018

Blockchain and AI are a few of the emerging technologies underpinning Ottawa’s high-potential tech firms

 Martello Technologies

Kanata’s Martello Technologies wasted no time proving why 2018 will be its year. In just the first week, the fast-growing firm announced a merger with Montreal’s Elfiq Networks. But it’s only going to get bigger from there.

New CEO John Proctor confirmed what outgoing chief executive Bruce Linton hinted at last year, that Martello may seek an initial public offering in 2018. If that weren’t enough, Martello is also still looking for acquisitions – “The hunt is still on,” Proctor says.

 Martello has made waves in the Ottawa business community as a company to watch since it was founded in 2009. A child of Wesley Clover International, the firm develops software to support cloud-based communication systems, specifically focusing on Mitelcustomers. Martello has been one of OBJ’s fastest-growing firms and led Ottawa companies on the 2017 Profit 500 list of Canada’s rising stars.

The field is open for a Martello IPO to be Ottawa’s sole public offering this year. If its ambitions pan out, it could end up being the city’s biggest tech story of 2018.

Read More.

This entry was posted in . Bookmark the permalink.