In a listing of 400 Canadian companies, Martello demonstrated three-year growth of 165% to earn the No. 206 spot on the inaugural Report on Business ranking.
Ottawa, Canada (September 27, 2019) – Martello Technologies Group Inc., (“Martello” or the “Company”) (TSXV:MTLO), a leading provider of solutions that deliver clarity and control of complex IT environments, announced today that it has placed No. 206 on the inaugural Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian Companies on three-year revenue growth. Martello earned its spot with three-year growth of 165%.
“Over the last three years, Martello has reached some significant milestones including becoming a publicly traded company, the acquisitions of Montreal-based Elfiq Networks and Amsterdam-based Savision,” said John Proctor, President and CEO of Martello Technologies. “We are thrilled to be recognized in the inaugural listing by the Globe and Mail and are pleased with the work the Report on Business has done to shine a spotlight on growing Canadian businesses.”
Martello’s accomplishments have been recognized by the industry. The Company was recently ranked for a third consecutive year on the Growth500 list of high growth companies, and took position 215 in the 2019 edition of the widely respected Branham300 listing of Canada’s top ICT (Information and Communications Technology) companies. Martello is focused on global growth both organically and through acquisitions. The Company recently announced partnerships and sales wins with the City of Ottawa, Paessler PRTG, Onepoint and Suria Business Solutions.
About Canada’s Top Growing Companies Ranking
Launched in 2019, the Canada’s Top Growing Companies ranking program aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent business in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to quality. In total, 400 companies made the ranking this year.
The full list of 2019 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine- out now- and online at tgam.ca/TopGrowing.
“We created the Canada’s Top Growing Companies program because we believe there is much Report on Business readers can learn from the success of the countries best entrepreneurs,” says Derek DeCloet, Editor of Report on Business and Executive Editor at the Globe and Mail. “We’re excited to be telling their stories.”
“The 400 companies on the inaugural Report on Business ranking of Canada’s Top Growing Companies ranking demonstrate ambition, innovation and tremendous business acumen,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their contributions to the economy help to make Canada a better place, and warrant commendation.”
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.6 million readers every week in our print and digital formats, and Report on Business magazine reaches 1.8 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
Martello Technologies Group Inc. (TSXV: MTLO) is a technology company that provides clarity and control of complex IT infrastructures. The company develops products and solutions that monitor, manage and optimize the performance of real-time applications on networks, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello’s products include SD-WAN technology, network performance management software, and IT analytics software. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at https://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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