Martello Technologies Group Inc., a provider of network performance management solutions for real-time communications with more than 5,000 businesses and government organizations already under management in 150 countries around the world, and more than 1.5 million IPT (Internet Protocol Telephony) users under management, opened the TSX Venture Exchange (“TSXV”) on Sept. 12th, ‘ringing the opening bell’ on the company’s first day of trading with the symbol “MTLO”. This follows receipt of the final exchange bulletin (the “Final Exchange Bulletin”) from the TSXV on September 10, 2018.
“On the heels of a second acquisition, and added external investment, this TSXV listing is the next significant milestone for Martello”, said Terry Matthews, Co-Chairman of the company and Chairman of Wesley Clover International. “It positions the company for ongoing growth and I look forward to more success as management and the whole team continue their hard work to ensure that is the reality.”
“Martello has a strong team, market opportunity and business that I will continue to be involved in” said Bruce Linton, Co-Chairman of Martello Technologies Group. “Increased adoption of real-time services has created demand for Martello’s network performance management solutions, and access to public capital will help fuel further acquisitions to build a globally competitive player. Martello has a solid track record for technology excellence and business strategy, and I look forward to continued growth as the company executes on this strategy”
“Martello’s world class team has achieved something quite special”, said John Proctor, Martello’s President and CEO. “In 2018 we’ve completed an acquisition and an oversubscribed private placement, and now a TSXV listing. We continue to be laser focused on becoming the world’s leading provider of network performance management solutions for real-time communications. I’d like to thank the Martello team, our investors, board of directors and other supporters for helping us reach this significant milestone on our journey of growth”.
The company also provided an update, announcing today that in connection with the completion of the reverse takeover (RTO), former Newcastle auditors Manning Elliott LLP have resigned and Deloitte LLP, auditors of Martello Technologies Corporation have continued and been appointed as the auditors of Martello Technologies Group Inc. No reportable event, as defined in National Instrument 51-102, has occurred.
In August 2018, the company received the INTERNET TELEPHONY SD-WAN Product of the Year Award, and in June debuted on the Branham 300 listing of Canada’s top ICT (Information and Communications Technology) companies. Also in June, Martello announced the closure of an oversubscribed $7.5 million private placement, and in May added bench strength with the appointment of CFO Erin Crowe. In December 2017, Martello acquired SD-WAN player Elfiq Networks.
