News & Events

OBJ LogoMartello Technologies raises $3 million in latest investment round

Ottawa Business Journal
September 11, 2014


Ottawa-based Martello Technologies announced it has secured $3 million in common equity as its latest investment round ended Thursday.

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The Ottawa Citizen logo  James Bagnall: Martello raises $3M on back of Mitel-Aastra merger
September 10, 2014

When Niall Gallagher learned last November that there was to be an all-staff meeting at Mitel, he snuck into the room to hear the news. The native of Ireland four years earlier had co-founded a telecom software startup, Martello Technologies, which did a lot of business with Mitel, his former employer. Gallagher liked what he heard.

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Investment will accelerate product creation, targeting the $11.7B global market for IP Telephony and unified communications. Martello sales expected to double again over the next 18 months.

OTTAWA, ON – September 11, 2014 – Martello Technologies, the leading provider of fault and performance management capabilities for cloud-based Unified Communications (UC) solutions, announced today the closure of an investment round totalling $3,000,000 in common equity. Already backed by seed investor Wesley Clover International, the investment management firm and holding company of Sir Terence Matthews, Martello now welcomes a group of sophisticated investors and funds attracted by Martello’s market opportunity and significant 2014 growth.

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Popular fault and performance management software designed to add value for Mitel Partners and Customers.

OTTAWA, ON – July 9 , 2014 – Martello Technologies, the leading provider of fault and performance management capabilities for Mitel Unified Communications (UC) solutions, announced today that its MarWatch℠ system is now part of the Premium Software Assurance and Support subscription offered by Mitel (Nasdaq:MITL) (TSX:MNW) to support UC solutions. This initiative recognizes the value of MarWatch in maintaining optimal performance of these critical systems.

Deployed in over 1000 enterprise and service provider networks around the world, MarWatch is designed to proactively monitor Mitel systems on a 24/7 basis, with secure remote access. By detecting issues before they impact service levels, MarWatch helps authorizedPARTNERs to improve support delivery, while decreasing costs.

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