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Martello Closes Q1 FY22 with Large Enterprise Sales Wins and Renewals
Martello Closes Q1 FY22 with Large Enterprise Sales Wins and Renewals Canada Ne...
About this update from Martello Technologies Group, Inc.
[{"type":"text","content":"\n \n \n \n Martello Closes Q1 FY22 with Large Enterprise Sales Wins and Renewals\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n Strategic sales wins and renewals demonstrate market acceptance of integrated Microsoft DEM solution.\n \n \n \n \n \n \n \n \n \n OTTAWA, ON\n \n ,\n \n July 6, 2021\n \n /CNW/ -\n \n Martello Technologies Group Inc.\n \n , (\"Martello\" or the \"Company\") (TSXV: MTLO), a leading provider of\n \n digital experience monitoring (DEM)\n \n solutions, announced today a selection of sales wins and key renewals that closed in Q1 FY22 (quarter ended\n \n June 30, 2021\n \n ). These deals demonstrate growing demand for the integrated DEM solutions that Martello has developed, which will launch as Vantage DX in the Fall of 2021.\n \n \n \n \n \n \n \n \n \n These sales include upsell bookings (Gizmo and iQ) and the addition of 110,000 users to Martello's DEM platform. Featured renewals are strategic due to their size or because of the customer's interest in additional integrated Martello solutions. Note that revenue is generally recognized monthly over the term of the subscription, which means that revenue for deals closed later in the quarter may not begin to be recognized until Q2 FY22. Revenue and user count at the end of each quarter includes renewals and new users, net of customer churn in the quarter.\n \n \n These sales and renewals include:\n \n \n \n \n One of the world's largest financial institutions, headquartered in\n \n Europe\n \n with more than 100,000 employees added new users to Martello's Gizmo Microsoft 365 monitoring platform. In addition, this customer purchased iQ, after recognizing its ability to make their IT operations more efficient and productive for managing service level agreements (SLA) across multiple entities ...