In a listing of 400 Canadian companies,
Martello demonstrated three-year growth of 165% to earn the No. 206
spot on the inaugural Report on Business ranking.
OTTAWA, Sept. 27, 2019 /CNW/ - Martello Technologies
Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a leading
provider of solutions that deliver clarity and control of complex
IT environments, announced today that it has placed No. 206 on the
inaugural 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 165%.
"Over the last three years, Martello has reached some
significant milestones including becoming a publicly traded
company, the acquisitions of Montreal-based Elfiq Networks and Amsterdam-based Savision," said John Proctor, President and CEO of Martello
Technologies. "We are thrilled to be recognized in the inaugural
listing by the Globe and Mail and are pleased with the work the
Report on Business has done to shine a spotlight on growing
Canadian businesses."
Martello's accomplishments have been recognized by the industry.
The Company was recently ranked for a third consecutive year on the
Growth500 list of high growth companies, and took position 215
in the 2019 edition of the widely respected Branham300 listing
of Canada's top ICT (Information
and Communications Technology) companies. Martello is focused on
global growth both organically and through acquisitions. The
Company recently announced partnerships and sales wins with the
City of Ottawa, Paessler PRTG,
Onepoint and Suria Business Solutions.
About Canada's Top Growing
Companies Ranking
Launched in 2019, the Canada's
Top Growing Companies ranking program aims to celebrate
entrepreneurial achievement in Canada by identifying and amplifying the
success of growth-minded, independent business in Canada. It is a voluntary program; companies
had to complete an in-depth application process in order to
quality. In total, 400 companies made the ranking this year.
The full list of 2019 winners, and accompanying editorial
coverage, is published in the October issue of Report on Business
magazine- out now- and online at tgam.ca/TopGrowing.
"We created the Canada's Top
Growing Companies program because we believe there is much Report
on Business readers can learn from the success of the countries
best entrepreneurs," says Derek
DeCloet, Editor of Report on Business and Executive Editor
at the Globe and Mail. "We're excited to be telling their
stories."
"The 400 companies on the inaugural Report on Business ranking
of Canada's Top Growing Companies
ranking demonstrate ambition, innovation and tremendous business
acumen," says Phillip Crawley,
Publisher and CEO of The Globe and Mail. "Their contributions to
the economy help to make Canada a
better place, and warrant commendation."
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 our award-winning coverage of business, politics
and national affairs, The Globe and Mail newspaper reaches 6.6
million readers every week in our print and digital formats, and
Report on Business magazine reaches 1.8 million readers in print
and digital every issue. Our 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 clarity and control of complex IT
infrastructures. The company develops products and solutions that
monitor, manage and optimize the performance of real-time
applications on networks, while giving IT teams and service
providers control and visibility of their entire IT infrastructure.
Martello's products include SD-WAN technology, network performance
management software, and IT analytics software. Martello
Technologies Group is a public company headquartered in
Ottawa, Canada with offices in
Montreal, Amsterdam, 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