Recognition highlights three-year revenue
growth of 197%.
OTTAWA, ON, Sept. 25, 2020 /CNW/ - Martello Technologies
Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider
of digital experience monitoring (DEM) solutions for thousands of
customers around the world, is pleased to announce it placed No.
205 on the 2020 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 197%.
"Martello is pleased to be recognized for the second consecutive
year on Canada's Top Growing
Companies list, moving up in ranking and revenue growth since
2019," said John Proctor, President
and CEO of Martello Technologies. "We have reached key milestones
over the last year, including the acquisition of GSX, which
contributes recurring revenue in the rapidly growing Microsoft 365
market".
Martello acquired GSX in May 2020,
as part of its strategy to deliver the industry's clearest picture
of the digital user experience for cloud services such as unified
communications and video conferencing. Headquartered in
Switzerland, GSX develops Gizmo,
the end-user experience monitoring solution for Microsoft 365. This
strategic acquisition adds to Martello's monthly recurring revenue
(MRR) and diversifies Martello's revenue stream, while offering
access to an addressable market of 200 million monthly active users
of Microsoft 365.
Launched in 2019, the Canada's
Top Growing Companies editorial ranking aims to celebrate
entrepreneurial achievement in Canada by identifying and amplifying the
success of growth-minded, independent businesses in Canada. It is a voluntary program; companies
had to complete an in-depth application process in order to
qualify. In total, 400 companies earned a spot on this year's
ranking.
The full list of 2020 winners, and accompanying editorial
coverage, is published in the October issue of Report on Business
magazine—out now—and online at tgam.ca/TopGrowing.
"The stories of Canada's Top
Growing Companies are worth telling at any time, but are especially
relevant in the wake of COVID-19 pandemic," says James Cowan, Editor of Report on Business
magazine. "As businesses work to rebuild the economy, their
resilience and innovation make for essential reading."
"Any business leader seeking inspiration should look no further
than the 400 businesses on this year's Report on Business ranking
of Canada's Top Growing
Companies," says Phillip Crawley,
Publisher and CEO of The Globe and Mail. "Their growth helps to
make Canada a better place, and we
are proud to bring their stories to our readers."
Related Resources
About Digital Experience Monitoring (DEM)
Video: Microsoft 365 Monitoring
Whitepaper: Ensuring Teams Performance when it's OneDrive,
SharePoint and Exchange Under the Hood (Nick Cavalancia,
Microsoft MVP)
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 award-winning coverage of business, politics and
national affairs, The Globe and Mail newspaper reaches 5.9 million
readers every week in print or digital formats, and Report on
Business magazine reaches 2.1 million readers in print and digital
every issue. The Globe and Mail's 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.
About Martello
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.
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