Martello NEWS

 September 13, 2018

Growth 500 companies invested $431,616,130 in philanthropic causes last year. Here’s how.

$431,616,130. That’s how much Growth 500 companies invested in philanthropic causes last year—a figure higher than the GDPs of 11 different countries. That’s more than $863,000 given by each company on the list. Here’s how they do it.

Power to the People

One of the major business benefits of having corporate social responsibility (CSR) programs is boosting employee morale. It’s blissfully simple: when we do good, we feel good. Instead of imposing a philanthropic mandate from the top down, many entrepreneurial leaders are putting the power in employees’ hands, giving them choice about where and how their efforts are spent. One example: in 2016, Ottawa-based Martello Technologies (No. 28) launched a program that allows employees to choose the causes the company will support. This, according to president and CEO John Proctor, has generated serious “ripple effects” in a vast breadth of communities; Martello employees have been behind efforts to create a scholarship for Indigenous students at the University of Toronto and finance a youth mountain biking program. Sure, this kind of program makes for some serious warm-and-fuzzy feelings. But according to Proctor, it has also enabled a work environment where employees feel heard, valued and supported. The result? Martello not only makes an impact in its community, but also builds a stronger one of its own. —Kailun Zhang

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September 13th, 2018

While nearly two dozen established Ottawa firms are proving themselves among the fastest-growing in Canada, the National Capital Region was shut out of a list ranking up-and-coming Canadian startups, according to an annual report released Thursday.

Every year, Maclean’s Magazine and Canadian Business rank the top 500 companies across Canada based on five-year revenue growth. This year’s Growth 500 list, previously called the Profit 500, named 22 Ottawa-based companies among its ranks – four more than last year.

Leading the pack locally for a second year in a row was Kanata’s Martello Technologies at No. 28. The local communication services firm moved up 20 spots from last year’s list with five-year growth of 2,231 per cent.

It’s been a good week for the local firm, as the company went public on the TSX Venture Exchange Wednesday following a reverse takeover transaction.

Rounding out Ottawa’s top five were cloud-based IT company HostedBizz at No. 50, digital agency OPIN at No. 69, sensor developer Giatec Scientific at No. 80 and consulting firm Napkyn Analytics at No. 141.

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The top business stories you won’t want to miss from the Financial Post

CANOPY OUTGROWTH

The biggest name in cannabis has taken a tech venture public. Bruce Linton, co-founder of Canopy Growth, is also co-chairman of Martello Technologies Group, which began trading yesterday. Martello manages and optimizes communications network performance, and has a market value of about $75.6 million. Martello listed via a reverse takeover, and will focus on acquisitions.

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