Business
Martello Provides Business Update
Martello Provides Business Update Canada NewsWire OTTAWA, April 29, 2019 NO...
About this update from Martello Technologies Group, Inc.
[{"type":"text","content":"\n\n\n\nMartello Provides Business Update\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\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA, April 29, 2019\n\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n OTTAWA, April 29, 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 provide a business update on the Company's market and channel expansion, product innovation, acquisitions and capital market activities.\n\n \n \n\n \nMarket ExpansionIn Q3 F2019, organic sales grew 44% over the same quarter in the 2018 fiscal year. Martello continues to see customer growth across all lines of business, as its addressable market expands. The Company operates in several high growth segments, including the global markets for SD-WAN and IT Operations Analytics.\nMartello's solutions are deployed in over 150 countries around the world for more than 5,000 customers. In the last two quarters, Martello has expanded into new regional markets including Russia, Vietnam and the Middle East, and has seen steady growth in European markets. While Martello solutions are deployed in many vertical industries, the Company has seen recent growth from national and central banking institutions, as well as hotels. Large organizations such as the US Postal Service, United Nations and KPMG have chosen Martello to power the performance of their IT and network infrastructures. \nChannel ExpansionTo expand Martello's addressable market, the Company announced a partnership with Germany-headquartered Paessler, joining the Paessler Uptime Alliance to provide customers of Paessler's PRTG monitoring system with solutions that consolidate views of multiple IT systems into a single dashboard.\nThe Company's relationship with Mitel continues to grow and expand, even as Martello's b...