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OTTAWA, ON, Sept. 22, 2020
/CNW/ - Martello Technologies Group Inc., ("Martello" or the
"Company") (TSXV: MTLO), a developer of enterprise digital
experience monitoring ("DEM") solutions announced today that
Niall Gallagher has retired as a
member of Martello's board of directors, following the
Company's Annual and Special Meeting of Shareholders, held today in
Ottawa. A co-founder of Martello
and key player in the Company's early growth, Mr. Gallagher
has been a member of Martello's board of directors since 2009, and
was the Company's VP, Product Management until retiring from that
position in December 2018.
"Niall played a pivotal role in Martello's early growth, and the
entire Martello team is grateful to him for his vision, hard work
and dedication to the Company's success", said John Proctor, President and CEO of Martello. "We
wish him the very best as he begins a well-deserved retirement, and
we will continue to work hard to grow the business that he
co-founded 11 years ago".
Co-Chairman of Martello's Board of Directors Terry Matthews noted Niall's contribution to the
Company's success: "Niall had a vision for Martello back in 2009,
to develop performance monitoring software for the emerging world
of unified communications. That vision remains core to the
Digital Experience Monitoring strategy the Company embraces today,
and it continues to drive the long-held partnership the Company
enjoys with Mitel. I thank Niall for his vision and years of
dedication to the success of Martello, and I do wish him well in
the future", said Mr. Matthews.
"I'm extremely proud of what the team at Martello has
accomplished over the last 11 years, including four acquisitions, a
public listing, and solid year over year revenue growth", said Mr.
Gallagher. "Today, the Company has a compelling market opportunity
in digital experience monitoring, and though the time is right for
me to retire from the board, I remain an engaged shareholder of the
Company".
The board composition is currently 8 directors.
About Martello Technologies Group
Martello Technologies Group Inc. (TSXV: MTLO) is a technology
company that provides digital experience monitoring (DEM)
solutions. The company's products provide monitoring and analytics
on the performance and user experience of critical cloud business
applications, while giving IT teams and service providers control
and visibility of their entire IT infrastructure. Martello's
software products include unified communications performance
analytics, Microsoft 365 end user experience monitoring and IT
service monitoring and analytics. Martello Technologies Group is a
public company headquartered in Ottawa,
Canada with offices in Amsterdam, Geneva, Nice, 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," "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 accretive monthly recurring revenues
and effect of closing on the Company's gross margins.
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:
- Continued volatility in the capital or credit
markets.
- Our ability to maintain our current credit rating and the
impact on our funding costs and competitive position if we do not
do so.
- Changes in customer demand.
- 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.
- Delayed purchase timelines and disruptions to customer
budgets, as well as Martello's ability to maintain business
continuity as a result of COVID-19.
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