Antoine Leboyer Appointed to Martello Board of Directors

OTTAWA, ON, Nov. 18, 2020 /CNW/ – Martello Technologies Group Inc., (“Martello” or the “Company”) (TSXV: MTLO), a developer of enterprise digital experience monitoring (“DEM”) solutions announced today that Antoine Leboyer, the former CEO of GSX has been appointed to the Company’s Board of Directors, subject to TSXV approval. There will now be 9 directors on Martello’s board, with co-founder Niall Gallagher having retired in September 2020.

Prior to its acquisition by Martello, Mr. Leboyer was the CEO of GSX for 13 years. In this role, he successfully led the company’s strategic shift from a focus on the IBM market to address the burgeoning market for Microsoft 365 end user monitoring solutions. After growing GSX to over $6M in revenues, Martello acquired the business in May 2020 to enter the Microsoft 365 market and create a DEM market leader. Mr. Leboyer holds a Master’s degree in electrical engineering from France’s Centrale-Supélec and an MBA from Harvard Business School. Mr. Leboyer has co-authored a book entitled Building Routes to Customers: Proven Strategies for Profitable Growth, is a TEDx speaker, and a board member of the Geneva Liberal Synagogue.

“I’m delighted to welcome Antoine to Martello’s Board of Directors”, said John Proctor, President and CEO of Martello. “Having worked closely with Antoine for close to a year, I’m confident that his expertise in enterprise software, synthetic transactions and the Microsoft ecosystem will be invaluable to Martello as the Company scales to become a dominant digital experience monitoring player”.

Co-Chairman of the Martello Board of Directors Terry Matthews also highlighted Mr. Leboyer’s expertise: “Antoine will be an excellent addition to the Martello board of directors, and I welcome him to the team”, said Mr. Matthews. “His strong foundation in technology and business development, combined with his executive leadership in driving GSX growth through shifting markets, will be key assets for Martello”.

“I’m very happy to be joining Martello’s board of directors, continuing the journey to DEM market dominance with Martello”, said Mr. Leboyer. “I’m pleased to share what I’ve learned over more than 13 years building an enterprise software business, with the support of an accomplished group of business leaders, and I look forward to working with the entire Martello team”.

About Martello Technologies Group
Martello Technologies Group Inc. (TSXV: MTLO) is a technology company that provides digital experience monitoring (DEM) solutions. The company’s products provide monitoring and analytics on the performance and user experience of critical cloud business applications, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello’s software products include unified communications performance analytics, Microsoft 365 end user experience monitoring and IT service monitoring and analytics. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Amsterdam, Geneva, Nice, Paris, Dallas and New York. Learn more at http://www.martellotech.com

This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the “1933 Act”) as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

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

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This news release contains “forward-looking statements”. Forward-looking statements can be identified by words such as:”anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding accretive monthly recurring revenues and effect of closing on the Company’s gross margins.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:

• Continued volatility in the capital or credit markets.
• Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so.
• Changes in customer demand.
• Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment.
• Delayed purchase timelines and disruptions to customer budgets, as well as Martello’s ability to maintain business continuity as a result of COVID-19.

Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Martello Technologies Group

For further information: CONTACTS: Tracy King, Vice President of Marketing, tking@martellotech.com, 613.410.7636; John Proctor, President & CEO, jproctor@martellotech.com, 613.271.5989