Recent customer wins contribute to user growth in Europe, Asia and the US.
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OTTAWA, ON, Dec. 9, 2020 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a leading provider of digital experience monitoring (DEM)solutions, announced today a selection of sales wins that closed in the third quarter of fiscal 2021, which were driven by partnerships and the Microsoft Co-Sell program.
These sales are early proof points of Martello's digital experience monitoring solutions and strategy. They represent over $375,000 in bookings and the addition of more than 120,000 users, and demonstrate Martello's ability to work with partners to deliver regional success in markets around the world. Note that revenue is generally recognized monthly over the term (typically 12-36 months) of the subscription. These wins include:
- A global financial institution in Asia that purchased a Gizmo subscription for more than 85,000 users, supporting their migration to Microsoft 365. This deal was won through joint efforts with Microsoft via the Co-Sell program.
- A European mechanical engineering company renewed their subscription for 5,000 Microsoft 365 users, and added 2,000 more users to a new two-year subscription.
- One of the world's largest Microsoft partners signed a partnership deal with Martello earlier this year that resulted in an additional 35,000 users this quarter to date.
As Martello enters the last month of the third quarter, the Company is focused on closing iQ and Gizmo deals in the pipeline, including upsell of customers on Live Maps to new iQ subscriptions.
Martello's inaugural Investor Newsletter was issued on December 3, 2020. To subscribe to the quarterly newsletter, visit martellotech.com.
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