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Martello Technologies Group Inc V.MTLO

Alternate Symbol(s):  DRKOF

Martello Technologies Group Inc. is a technology company, which provides digital experience monitoring (DEM) solutions to optimize the modern workplace. The Company's segments include Modern Workplace Optimization and Mitel. The Modern Workplace Optimization segment includes Vantage DX and Legacy Software Products. Mitel includes the Mitel Performance Analytics (MPA) product, software which is developed by it and sold by Mitel to its channel partners and enterprise customers to monitor and manage the performance of Mitel unified communications solutions. e Vantage DX provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. It develops software that monitors and optimizes the user’s experience of enterprise cloud communications and collaboration systems to help IT teams. Its Legacy Software Products, which include Gizmo, iQ, LiveMaps and Domino. It operates in Canada, the United States and Europe, the Middle East and Africa (EMEA).


TSXV:MTLO - Post by User

Comment by Trevor876on Feb 17, 2021 6:38pm
74 Views
Post# 32591459

RE:RE:Good Luck to Everyone

RE:RE:Good Luck to EveryoneGood point. I would have stayed if a management change was made when Bruce started going into the office in early December but it's now mid Feb and no change and no sign of change on the horizon. 

This is what scared me when I read it from their last press release "
  • Legacy products with declining revenue streams. Both Savision BV and GSX were acquired with certain products which support legacy third-party technology. As a result, Martello is seeing declines in these revenue streams, with some customers migrating to Martello's newer software platforms on renewal. In the short-term, Martello's overall growth rates will be partially offset by a decline in the revenue related to these legacy products. There are minimal expenses related to this revenue."
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