Martello NEWS : 2018

Ranking on the top 10 list is based on direct input from employees and underscores Martello’s commitment to fostering a highly engaged team.

Ottawa, Ontario, December 7, 2018 Martello Technologies Group Inc. (“Martello”) (TSXV: MTLO), a leading provider of network performance management solutions for real-time communications, was recently named a recipient of the Employees’ Choice Awards 2018-19. This is the third time Martello has been recognized with this award, which is designed to identify, recognize and honour the best places of employment in the National Capital Region.

This annual competition is organized by the Ottawa Business Journal, the Ottawa Board of Trade and sponsored by Meldrum Horne & Associates. The recipient companies were celebrated at a cocktail awards reception on Thursday, December 6th at Marshes Golf Club. They will also be profiled in OBJ’s January 2019 issue. This survey and awards program was designed to identify, recognize and honour the best places of employment in the National Capital Region, benefiting the region’s economy, its work force and businesses. The Employee’s Choice Awards list is made up of a total of 10 companies.

“It’s a great honour for OBJ to present these awards again along with our partners at the Ottawa Board of Trade. What really distinguishes these awards, in my mind, is the recipients are determined based on direct input from employees,” says Michael Curran, OBJ publisher.

As demonstrated in the Board of Trade’s recent report, “Skilled Labour Shortages, Immigrants and Hidden Talent,” 63 percent of respondents in the 2018 Ottawa Business Growth Survey reported that talent acquisition and retention is one of their most important business issues.

“At Martello, we believe that our employees are our greatest asset and the key reason that we have been so successful in propelling the company to where it is today.  With a response rate of over 90 percent, it is encouraging to see that our efforts to foster a strong culture that values our team has resulted instrong engagement,” said Martello CEO, John Proctor.

“Awards programs like Employees’ Choice shine a light on local companies who have achieved a high level of employee engagement. This gives these companies a significant advantage in the war of talent,” says Ian Faris, Board of Trade President and CEO.

Employees' Choice Award Winner Martello Technologies

Organizations from across the region entered the survey process to determine the list of recipients. The survey process consisted of an employee survey to measure the employee experience. The scores determined the top organizations and the final ranking. Best Companies Group managed the overall registration, survey and analysis process and determined the final rankings.

For more information on the Employees’ Choice Awards program, visit

About Martello
Martello Technologies Group Inc. (TSXV: MTLO) delivers confidence in network performance. Our solutions manage and optimize the performance of real-time services on cloud and enterprise networks and include network and IT performance management software as well as SD-WAN technology. Over the top (OTT) service providers and enterprises around the world rely on Martello’s technology to deliver better service quality and a reliable user experience. Designed for real-time communications such as voice and video, Martello’s solutions detect, identify and address network performance problems BEFORE service quality is impacted. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at

December 5, 2018

Editor ECN

Martello Technologies accepted two awards from the 2018 Best Ottawa Business Awards for “Deals of the Year: Private Equity” and “Best Business”.

Martello made history when it debuted on the TSXV in September 2018 as the first Ottawa tech company to go public since 2015, according to John Proctor, CEO of Martello. Their leadership team’s vision is to make big moves that will grow the business and help it become Ottawa’s next anchor company and clearly being recognized by the industry.

“We are honoured to recognize Martello as the recipient for ‘Deals of the Year: Private Equity’ and ‘Best Business’,” said Ian Faris, President and CEO, Ottawa Board of Trade. They demonstrate visionary leadership, innovative thinking and play a vital role in making Ottawa the best place to live, work, study, play and invest.

Each year, the BOBs present a unique opportunity to celebrate the incredible successes achieved by local companies. These awards capture the business achievements realized across sectors from technology to tourism and disciplines from sales to human resources. Ultimately, the BOBs create a sense of excitement and momentum in Ottawa’s local economy.

Mr. Proctor said they are pleased to celebrate alongside Martello Co-Chair Bruce Linton, who was recognized with the ‘CEO of the Year’ award, and congratulated him on this well-deserved honour. They look forward to continuing to execute on Martello’s aggressive ‘build and buy’ growth strategy, and to their future success.”

Additionally, the Company’s solutions have continued to be recognized by the technology industry. In November, Martello was awarded the 2018 Outstanding Information and Communications Technology (ICT) Recognition Award from IEEE Ottawa. In September, Martello received a Frost & Sullivan Leadership Award for NPM (Network Performance Management) and ranked as Ottawa’s Fastest Growing Company on the Growth 500 list of Canada’s Fastest Growing Companies, and in June Martello debuted on the Branham300 listing of Canada’s top ICT companies.

Read more.

 November 27, 2018

Craig Lord

With the company’s stock still acclimating to the waters of the public market, Martello Technologies (TSX-V:MTLO) made a splash in its quarterly earnings debut on Tuesday morning.

The Kanata-based communications services firm reported revenues of $2 million for the three months ending Sept. 30, up 92 per cent from last year. The company’s revenues across the first half of the year stand at $3.9 million, an increase of 86 per cent year-over-year.

Though most of that growth can be attributed to Martello’s merger with Elfiq Networks at the beginning of 2018, the company also reported organic growth of 21 per cent for sales of its network performance management software.

Martello’s aggressive growth over the past year has been accompanied by deeper spending and losses. The firm’s operating expenses more than doubled to $2.7 million in the third quarter, leading Martello to a net loss of $2.2 million compared with $141,000 in the same period last year.

Expect the M&A strategy to continue at Martello, as the company’s $7.5-million private placement in June of this year bolstered its cash reserves. Working capital stood at $9.3 million at the end of the quarter.

Martello’s already put some of the money to use, acquiring Netherlands-based Savision B.V. in a cash-and-stock deal valued at roughly $12 million in October. Its latest acquisition specializes in alerting customers of issues with their Microsoft-based applications.

Despite the rising revenues, Martello’s stock has stumbled on the public markets. The company’s shares soared shortly after its reverse takeover in September, cresting to prices of more than a dollar on the TSX Venture Exchange only to fall back to 39 cents as of the start of this week.

Shares of Martello were down 6.4 per cent in morning trading.

Read the article.