Company Awarded Private Equity
Deal of the Year and Best Business
OTTAWA, Nov. 19, 2018 /CNW/ - Martello Technologies
Group Inc. ("Martello") (TSXV: MTLO), a leading provider of network
performance management solutions for real-time communications,
accepted two awards from the 2018 Best Ottawa Business Awards
(BOBs) for "Deals of the Year: Private Equity" and "Best Business".
The awards were presented at the BOBs gala on Friday, November 16th at the Westin
Ottawa.
"Martello made history when it debuted on the TSXV in
September 2018 as the first
Ottawa tech company to go public
since 2015," said John Proctor, CEO
of Martello. "Our leadership team's vision to make big moves
that will grow the business and help it become Ottawa's next anchor company are clearly being
recognized by the industry", said Mr. Proctor.
The BOB awards were given to more than 23 companies in 25
different categories, recognizing a wide range of organizations
from diverse industries at the gala amidst VIPs, celebrities,
business and community leaders and more than 700 guests.
These awards are organized by the Ottawa Board of Trade and the Ottawa Business
Journal and supported by dozens of sponsors, including lead
sponsor, the University of Ottawa
Telfer, School of Management. They recognize Ottawa's top businesses as well as the people
behind them, and celebrate the history of innovation &
entrepreneurship in the National Capital Region.
"We are honoured to recognize Martello as the recipient for
'Deals of the Year: Private Equity' and 'Best Business'," said
Ian Faris, President and CEO,
Ottawa Board of Trade. "They
demonstrate visionary leadership, innovative thinking and play a
vital role in making Ottawa the
best place to live, work, study, play and invest. We are privileged
to have them in Ottawa."
Each year, the BOBs present a unique opportunity to celebrate
the incredible successes achieved by local companies. These awards
capture the business achievements realized across sectors from
technology to tourism and disciplines from sales to human
resources. Ultimately, the BOBs create a sense of excitement
and momentum in Ottawa's local
economy.
Mr. Proctor continued: "We were pleased to celebrate alongside
Martello Co-Chair Bruce Linton, who
was recognized with the 'CEO of the Year' award, and congratulate
him on this well-deserved honour. We look forward to continuing to
execute on Martello's aggressive 'build and buy' growth strategy,
and to future success".
Martello maintains a positive track record in acquisition
activity. In November, the company announced the completion of its
acquisition of Savision, after having acquired Elfiq Networks in
December 2017 and Netvitesse in 2014.
The Company's listing on the TSX Venture Exchange (TSXV) in
September followed the closure of an oversubscribed $7.5 million private placement in June 2018.
Additionally, the Company's solutions have continued to be
recognized by the technology industry. In November, Martello
was awarded the 2018 Outstanding Information and Communications
Technology (ICT) Recognition Award from IEEE Ottawa. In September,
Martello received 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, and in June
Martello debuted on the Branham300 listing of Canada's top ICT companies.
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.
SOURCE Martello Technologies Group