Longstanding partnership grows with expanded
coverage of key Mitel platforms
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OTTAWA, Jan. 16, 2019 /CNW/ - 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 it has concluded an amendment
to its commercial agreement with Mitel Networks, a key global
partner. Updating an agreement signed in April 2016, the terms of this amendment are
expected to be favourable to Martello's revenues, and include
expanding the coverage of Martello's software to additional Mitel
communications platforms and extending the renewal term. Martello's
software is included in Mitel Premium Software Assurance offering
in two tiers, Mitel Performance Analytics (MPA) and Mitel
Performance Analytics Plus (MPA Plus). This agreement covers the
use and resale of MPA software in both tiers.
Under the terms of the amended agreement, Martello will develop
support in its software for the MiVoice Connect enterprise call
platform, as well as the MiVoice 5000 communications and
collaboration solution and the MiVoice Office 400. The amendment
also extends the renewal term of the agreement to two years with
automatic two year renewals.
"As businesses move to the cloud, there is a growing need for
proactive identification and prevention of voice and network
quality issues," said John Proctor,
President and CEO of Martello Technologies. "We're pleased to work
with Mitel to deliver solutions that help a growing segment of
Mitel's customers globally, continuing the strong, long-standing
partnership between our companies."
In 2018, following the completion of an oversubscribed
$7.5 million private placement,
Martello debuted as a public company on the TSX Venture Exchange.
This helps the company to continue and accelerate its strategic
acquisition strategy that commenced in 2014. On November 2, 2018, the company announced the
completion of its acquisition of Savision. This follows the
acquisitions of SD-WAN player Elfiq Networks in December 2017 and Netvitesse in 2014. The
Company's solutions have been widely acclaimed in 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.
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.
SOURCE Martello Technologies Group