Martello NEWS

Leading Texas bank renews its contract for three years, following an eight year history of meeting IT operations management challenges with Savision software.

Ottawa, Ontario, December 17, 2018 Martello Technologies Group Inc. (“Martello”) (TSXV: MTLO), a leading provider of network performance management solutions for real-time communications, announced today that Frost Bank, a Texas-based chartered bank that is among the largest banks in the United States, has chosen to renew its contract for the Savision IT operations management software products for the next three years. This follows an eight year relationship in which Frost Bank has continually expanded its Savision product coverage, bringing all of the bank’s IT and performance monitoring capabilities into a single dashboard. Savision is a wholly owned subsidiary of Martello.

A chartered bank in Texas with more than 140 locations, Frost Bank resolves problems on their IT network faster with the help of Martello’s Savision software. Rather than managing their network using multiple tools, each with their own logins and alerts, they have a single pane of glass in which data and alerts from these tools is consolidated. This reduces alert noise and allows Frost Bank to deploy the correct resources quickly to resolve problems faster. Frost Bank initially integrated its SCOM (System Center Operations Manager) monitoring system with Savision, and has since integrated SolarWinds NPM, CA Application Performance Management and Derdack Enterprise Alert into a single dashboard using Savision IQ.

“Throughout our history with Savision, their responsiveness to our feature requests has helped us improve the way issues on our network are handled”, said Roger Salinas, Network Engineer at Frost Bank. “We’re a 24/7 operation with more than 50 team members handling help desk and IT administration, and the Savision tool has made us much more efficient”.

“Frost Bank is an excellent example of how Martello’s solutions can bring clarity and control to increasingly complex and distributed IT environments”, said John Proctor, President and CEO of Martello. “We’re pleased that this simple and cost-effective solution has brought greater efficiency to Frost Bank, and appreciate their loyalty”.

In 2018, Martello has executed on acquisitions, organic growth, a public listing and received numerous awards. On November 2, the company announced the completion of its acquisition of Savision, after having acquired SD-WAN player Elfiq Networks in December 2017. The Company’s solutions have also been recognized by the industry. In October, Martello received the Outstanding Information & Communications Technology Company (ICT) Recognition Award from IEEE.  In September, Martello was recognized with 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 at No. 28. The Company’s listing on the TSX Venture Exchange (TSXV) followed the closure of an oversubscribed $7.5 million private placement in June 2018. View the complete list of Martello Awards.

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 http://www.martellotech.com.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation’s control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation’s filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Corporation’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

December 17, 2018

Meagan Simpson

Blackberry and L-Spark, Canada’s largest software-as-a-service accelerator, have officially announced the seven finalists for the first cohort of the new accelerator program set to help small to medium-sized technology businesses.

The new accelerator hopes to help these tech startups develop and bring new products to market using Blackberry’s QNX technology. 

The seven finalists chosen includes three from Ottawa, two from the Kitchener-Waterloo area, as well as ones from Montreal and Edmonton respectively:

  • Martello Technologies – network and IT performance management software provider
  • Evolved Vehicle Environments – SaaS connected car experiences, currently available in Tesla and Subaru models
  • Bluink – a secure identity (or e-identity) secure wallet app
  • Visionary Semiconductor Inc. – develops 3D imaging devices and solutions
  • Acert – AI-powered automotive applications
  • Kybersecurity – cybersecurity solutions
  • Soltare – automotive technology company that develops automotive sensors

According to the press release, the companies will take part in “six months of intensive, one-on-one training aimed to grow and scale each company.”

They will have access to senior leaders at Blackberry as well as L-Spark. Blackberry stated that it will help each finalist research, and develop product prototypes in areas a wide range of areas including robotics, device security, analytics, medical devices and autonomous vehicles.

The program was originally launched in September, and the release stated that the accelerator received applications from across Canada and the final seven were chosen based on the strength of business plans and proposed products/solutions “with a view to determining the candidates that would most likely benefit from working with Blackberry QNX technology.”

Read the Article.

 

Ottawa-based Martello Technologies Group, which combines network performance management with SD-WAN to provide a unique hybrid unified communications-SD WAN solution, has been enlisted by BlackBerry to develop an Internet of Things solution. That solution will use BlackBerry QNX technology to provide the ability to optimize multiple cellular providers in smart cars travelling at highway speeds, in real time. Martello is one of seven Canadian startups selected to work with BlackBerry in developing technology aimed at specific projects within the BlackBerry QNX environment. They will do this work through the BlackBerry L-SPARK Accelerator program, which was announced in September. The seven selected companies are the first cadre of companies to enter the Accelerator program.

“This is really important from a Canadian technology perspective,” said John Proctor, President and CEO of Martello. “BlackBerry working with us smaller folk is so important for developing the Canadian industry. We are grateful for that, and also to L-SPARK for organizing and setting this up.”

The initiative is one of the manifestations of BlackBerry’s deepening focus on the Internet of Things – which they term the Enterprise of Things, to better define the part of the market in which they have interest. Their Spark platform, which they announced in September, and which is a blend of existing BlackBerry functionality and items in development scheduled to roll out in 2019 is the heart of the strategy. BlackBerry QNX, a BlackBerry subsidiary which makes software used in smart car driver assistance systems, is a major component of the strategy. BlackBerry reported last summer that the QNX Software was now in 120 million cars, and that it will be leveraged further for more advanced Internet of Things capabilities with the expansion of BlackBerry’s Spark platform.

This is where the BlackBerry LSPARK Accelerator Program comes in. In September, BlackBerry announced a partnership with Kanata-based L-SPARK, a software-as-a-service accelerator which develops and runs this type of program. The BlackBerry LSPARK program was specifically designed to select, train and support promising Canadian startups developing IoT solutions using BlackBerry QNX technology.

“There was a formal application process,” Proctor said. “We were shortlisted and presented our proposal to a panel. Once, we were accepted, towards the end of October, we started getting BlackBerry training right away.” The program will provide six months of intensive, one-on-one, training aimed to grow and scale each company and bring new products to market.

“What is really helpful here is the access to the leadership and the technology within BlackBerry,” Proctor said. “We aren’t developing something in the hope that BlackBerry will like it and want to use it. We are now working on building something based specifically on BlackBerry’s input, in an organized program focused on developing something that BlackBerry wants. We are the biggest of the seven companies selected for the program, but BlackBerry is much bigger than us. It would be hard for any of these seven to work on our own with BlackBerry, without this program.”

Martello’s specific solution will leverage their facility with both network performance management and SD-WAN to produce a solution that will optimize multiple cellular networks running in BlackBerry QNS.

“We are making sure that what we can do already can work at speed,” Proctor said. “It has to be able to support multiple cellular connections, has to be able to work in motion, at a 100 km/hr speed, and it’s absolutely critical to be able to do that in real time.”

Two of the other program participants are also from Ottawa – identity and access management provider Bluink,  and EVE [Evolved Vehicle Environments], which makes software for connected cars. Acerta Analytics Solutions from Kitchener makes a SaaS platform that uses machine learning to provide real-time malfunction detection and failure prediction. KyberSecurity, from Montreal, protects applications with an interlocked suite of advanced multilayered cybersecurity technologies. Edmonton’s Soltare makes a solution iHear, that provides automatic detection and directional identification of approaching emergency vehicles, part of the company’s focus on building smart sensory safety systems for cars. Visionary Semiconductor of Waterloo looks to overcome the heavy computing and form factor problems of current 3D imaging technologies with colour imaging and depth mapping through one compact device.

Read the Article.