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OTTAWA, Oct. 22, 2019 /CNW/ - Martello Technologies
Group Inc. (TSXV: MTLO) ("Martello" or the "Company"), a leading
provider of technology solutions that deliver clarity and control
of complex IT environments deployed in thousands of locations
around the world, is pleased to invite investors, analysts and
brokers to its first Investor Day hosted by Co-Chairmen Sir
Terry Matthews and Bruce Linton on Wednesday, December 4th. As the
Company prepares to provide insight into its business and growth
strategy at the Investor Day, it also offers an interim update on
business activities.
Investor Day and Capital Markets
Martello Co-Chairmen Sir Terry
Matthews and Bruce Linton
will host an Investor Day on Wednesday,
December 4th in Toronto. The Investor Day is an opportunity to
connect with Martello's broader senior leadership team, and learn
more about the Company's product roadmap, growth strategy and
financial performance. Investors can ask questions of the Martello
senior leadership team during a Q & A session.
Register to attend the Martello Investor Day.
Martello's Q2 fiscal 2020 financial results will be released on
November 20, 2019.
On September 27, 2019, Martello
announced the closing of a $4.6
million overnight marketed public offering of 15,333,332
common shares of the Company (the "Common Shares") at a price of
$0.30 per Common Share. The Company
intends to use the net proceeds of the Offering to identify and
fund acquisitions, accelerate R&D activities, increase sales
capacity and for general corporate purposes.
Growth Strategy
Martello continues to execute on its 'build and buy' growth
strategy, with the objective of incrementally growing revenues both
organically and through acquisitions. The Company's technology
stack continues to expand through acquisitions, and with 81% of
revenues recurring in the last twelve months, gross margins over
90% and thousands of customers around the world using Martello's
products, the Company believes it has a strong foundation from
which to drive business in new and existing sales channels.
Martello's organic growth plan includes strategies that will
accelerate growth of existing product lines, as well as the
development of new solutions. These new solutions will
leverage Martello's current technology stack to optimize
performance management for real-time enterprise applications such
as unified communications. At the same time, Martello
continues to pursue acquisitions, and is in early stage talks with
a short list of targets whose technology, channel and expertise
have been identified by management as potentially accretive to the
Company's mission to clarify and control complex IT environments.
There is no guarantee that an acquisition will occur in the near
future.
Partnerships
Martello is focused on increasing the proportion of its revenue
that is recurring across all lines of business and incrementally
growing this revenue base. Together with the Company's high gross
margins, management believes that this provides greater stability,
predictability and downside protection.
The growth of strategic partnerships is helping to drive
Martello's recurring revenue stream. The Company's 10 year
partnership with Mitel has yielded more than one million users
monitored by Martello's software in Mitel's global network
operations center (NOC). This demonstrates the operational value of
Martello's software for managed service providers.
Martello announced in July that it has teamed with Paessler AG,
a German headquartered company, to offer a solution that
addresses the growing demand from large enterprises and managed
service providers (MSPs) globally, to simplify IT service
assurance.
Martello is focused on activities that will grow and develop its
channel of service providers, value added resellers and MSPs. Early
adopter 4Sight Communications in the UK recently noted it had
achieved a 98% remote fix rate after standardizing on Martello's UC
performance analytics software.
In addition, global expansion continues to create diversity in
the Company's revenue stream, with Martello products now deployed
in more than 175 countries around the world. Martello has expanded
revenue in Europe by more than
300% (Q1 F2019 to Q1 F2020) and is focused on developing the
Middle East market. Sales and
marketing efforts in the Middle
East this quarter include industry trade shows in
hospitality and other markets, and a sales mission to meet partners
and potential clients in the region.
Recognition
Martello's growing position as a Canadian
technology leader has been recognized by the industry. In
September, the Company placed No. 206 on the inaugural Globe and
Mail Report on Business ranking of Canada's Top Growing Companies, which ranks
Canadian Companies on three-year revenue growth. Martello also
earned a spot on the Growth 500 in September for the third
consecutive year, taking the No. 46 rank on the list of the top 500
Canadian companies with five-year revenue growth of 1,692%. In June
of 2019, Martello moved up 20 spots on the widely respected
Branham300 listing of Canada's top
ICT (Information and Communications Technology) companies.
About Martello Technologies Group
Martello
Technologies Group Inc. 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 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
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.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains "forward-looking statements".
Forward-looking statements can be identified by words such as:
"anticipate," "intend," "plan," "goal," "objective," "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 strategy for customer
retention, growth, product development, market position, financial
results and reserves.
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:
- Economic and financial conditions, including volatility in
interest and exchange rates, commodity and equity prices and the
value of financial assets.
- The level of demand and financial performance of the unified
communication and technology industry.
- Strategic actions, including acquisitions and dispositions
and our success in integrating acquired businesses
- Changes in customer demand.
- The extent to which we are successful in gaining new
long-term relationships with customers or retaining existing ones
and the level of service failures that could lead customers to use
competitors' services.
- 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.
- Such other factors as discussed in our interim management's
discussion and analysis for the quarter ended June 30, 2019 and annual information form dated
July 26, 2019.
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