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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. 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 Mostlyseriouson Aug 17, 2022 1:45pm
91 Views
Post# 34902675

RE:Cost Optimization Measures??

RE:Cost Optimization Measures??Cost optimization is never the FIRST pillar of a strategy when a company has a product or service that has a potential market uptake. As a matter of fact most such companies will increase costs and cash burn rate to capture as much market share as quickly as possible and financiars are happy to fund that growth. As long as the current CEO is there, I do not see a serious effort to turn this around. He should be part of cost optimization efforts, including half of the massive board. Don't need that number of board members in a company where product offerings have been shrinking. It is pretty sad when I can come to a conclusion that they really don't know what they are doing. And it pains me to come to that conclusion for a company that is led by Mr. Matthews. He should have authored the newsrelease with a message that that he was involving himself more deeply in the operations until the company is turned around toward a prospective future. The trend in NRs for this company has been from bad to worse over the last few years, and issuimg a newsrelease with a FIRST part of a strategy being cost cutting is numbing.
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