Co-founder of Martello will remain a member of the Company’s Board of Directors and act in an advisory capacity.
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Ottawa, Ontario (December 11, 2018) – Martello Technologies Group Inc. (TSXV: MTLO), (“Martello” or the “Company”), a leading provider of network performance management solutions for real-time communications announced today that Niall Gallagher, the co-founder and Vice President of Product Management of Martello, will retire, effective December 21, 2018. Niall will remain an active member of the Company’s Board of Directors.
Niall co-founded Martello Technologies in April 2009. His vision to develop a network performance management solution for unified communications networks was driven by his experience in strategic planning and product management for Mitel’s service provider business, and a 30 year career in the telecommunications industry. He assembled the team that would develop this software and played a key role in the growth of the company over the next nine years as Martello expanded with the acquisition of Elfiq Networks, went public on the TSX Venture Exchange, and acquired Savision.
“Martello would not be where it is today without Niall’s vision and persistence in founding the company and help in driving its growth”, said John Proctor, President and CEO of Martello. “I am delighted that Niall is remaining as a board member, giving us continued access to his knowledge and experience”.
Rob Doucette, the former CTO of Savision, will become Martello’s Vice President of Product Management.
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 and Netvitesse in 2014. The Company’s solutions have been recognized by the industry. In September, Martello received a Frost & Sullivan Leadership Award for NPM (Network Performance Management) and ranked as Ottawa’s Fastest Growing Company, at No. 28 on the Growth 500 list of Canada’s Fastest Growing Companies. The Company’s debut on the TSX Venture Exchange (TSXV) followed the closure of an oversubscribed $7.5 million private placement in June 2018.
About Martello Technologies Group
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.
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