Multi-tenancy extends the Company's total
addressable market to over one million businesses by unlocking
access to small and medium sized enterprises that use Microsoft
365.
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RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR
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OTTAWA, ON, May 4, 2021 /CNW/ - Martello Technologies Group
Inc., ("Martello" or the "Company") (TSXV: MTLO), a developer of
enterprise Digital Experience Monitoring ("DEM") solutions
announced the launch of its cloud-based multi-tenant Microsoft 365
monitoring platform. This platform allows managed service providers
(MSPs) to manage multiple small and medium sized enterprise (SME)
clients from a single Martello Microsoft 365 monitoring instance.
This multi-tenant architecture is a key deliverable in Martello's
FY22 growth strategy, which will also include the launch of a DEM
channel partner program to bring the benefits of Microsoft DEM to
MSPs and their clients.
"As the next step in our growth strategy, the launch of
cloud-based multi-tenancy enables the expansion of Martello's
Microsoft DEM offering to MSPs and their SME clients," said
John Proctor, President and CEO of
Martello. "MSPs are seeking end-to-end visibility into the services
they provide to clients, and new services that will differentiate
them from competitors. Martello's multi-tenant Microsoft
365 DEM platform is designed to fit
seamlessly into MSP operations to improve Microsoft performance and
user experience for SMEs, allowing clients to achieve higher levels
of productivity."
Martello is currently migrating the clients of an existing MSP
partner onto the new multi-tenant platform, which is hosted on
Microsoft Azure. Concurrently, the Company is preparing to launch
its DEM Partner Program and is already working with prospective
Martello MSPs to evaluate Martello's DEM solutions for their
offerings. It is expected that the launch of the DEM partner
program will meaningfully impact revenues starting in the second
half of FY22.
The Company continues to focus on its FY22 growth strategy,
which aims to increase the number of Microsoft users on Martello's
DEM platform to 3.2 million in FY22. In addition to the DEM partner
program, the Company is bringing additional value to its DEM suite
with new solutions addressing the 'work from anywhere' digital
workforce, including real user monitoring and advanced network
path monitoring in 2021. As a result, Martello will increase its
competitive differentiation and enable IT teams to quickly pinpoint
whether problems are related to the cloud provider, ISP, or the
user's network, for better support of a distributed workforce.
Martello continues to work with prospects and customers to complete
beta trials and offer early access to these capabilities when they
become generally available.
Related Resources
- Webinar: Elevating Microsoft 365 Managed Services with
Martello
- 'Work from Anywhere' DEM Solutions
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 is a public company
headquartered in Ottawa, Canada
with employees in Europe,
North America and the Asia Pacific region. Learn more at
http://www.martellotech.com
Any financial outlooks provided in this news release are
preliminary and investors are cautioned not to place undue reliance
on the foregoing information. Any financial outlooks provided in
this news release constitute "forward-looking information" within
the meaning of applicable Canadian securities laws, are based on
several assumptions and are subject to a number of risks and
uncertainties. Actual results may differ materially. See
"Cautionary Note Regarding Forward-Looking Information".
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.
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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
Information
This news release contains "forward-looking information"
within the meaning of applicable securities laws. Forward-looking
information 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 information contained in this news release include,
among others, statements with respect to the aim to increase the
number of Microsoft users to 3.2 million in the 2022 fiscal year;
plans to add real user monitoring and advanced network path
monitoring capabilities to its DEM platform in
2021; the expansion of the Company's work from
anywhere Microsoft 365 DEM solution
in fiscal year 2022; the expectation that the DEM MSP
program will meaningfully impact revenues starting in the second
half of FY22; and the launch of the DEM MSP program in fiscal
2022.
Forward-looking information is neither historical fact nor
assurance 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 information relates 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 information. Therefore, you should not rely on any
forward-looking information. Important factors that could cause our
actual results and financial condition to differ materially from
those indicated in the forward-looking information 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;
- and other risks disclosed in the Company's filings with
Canadian Securities Regulators, including the Company's annual
information form for the year ended March
31, 2020 dated December 24,
2020, which is available on the Company's profile on SEDAR
at www.sedar.com.
Any forward-looking information 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 information, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Financial Outlooks and Future-Oriented Financial
Information
To the extent any forward looking information in this press
release constitute "financial outlooks" within the meaning of
applicable Canadian securities legislation, such information is
being provided as certain estimated financial metrics and the
reader is cautioned that this information may not be appropriate
for any other purpose and the reader should not place undue
reliance on such financial outlooks. Financial outlooks, as with
forward looking information generally, are, without limitation,
based on the assumptions and subject to various risks and
uncertainties as set out herein. The Company believes there is a
reasonable basis for the expectations reflected in the financial
outlooks, however these expectations may not prove to be correct
and the Company's actual financial position and results of
operations may differ materially from management's current
expectations and the information provided in this press
release.
SOURCE Martello Technologies Group