About Martello Technologies
Martello Technologies is a publicly listed company based in Ottawa (Canada) founded in 2009. Cloud-based fault and performance management solutions are provided for networks. Martello Technologies has raised $11.25 million across 12 funding rounds from investors including RBC Royal Bank, Wesley Clover and FedDev Ontario. Martello Technologies has completed 3 acquisitions, including Elfiq Networks, GSX Solutions and Savision. Martello Technologies offers products and services including Vantage DX. Its focus areas include Telecom, OSS & BSS, Operation Support System (OSS) and Network Testing & Monitoring. Its legal entity is Martello Technologies Corporation. Its competitors include Sigma Systems and Sandvine; 2 of its 2 listed competitors have raised funding.
Company details
Martello Technologies was founded in 2009 in Ottawa, Canada, and operates in the telecommunications and IT sector. Cloud-based and on-premise solutions for fault and performance management are offered, including Mitel Performance Analytics for monitoring network performance. Martello Vantage is utilized to assess network readiness for unified communications prior to deployment. UCScore is employed to establish stable UC network foundations, mitigating issues like echo, delay, and jitter from overcapacities.
- Headquarters Ottawa, Canada
- Stage Public
- SectorsTelecommunications
- Phone•••• ••••
- Website martellotech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Martello Technologies Group, Inc.
- Annual Revenue$8.52 M (USD)-18.3as on Mar 31, 2026
- Net Profit-$9.34 M (USD)-128.64as on Mar 31, 2026
- EBITDA-$3.11 M (USD)-79.88as on Mar 31, 2026
- Total Equity Funding$11.25M (USD)
in 12 rounds
- Latest Funding Round$1.4M (USD), Post-IPO
Mar 2025
- InvestorsRBC Royal Bank
& 2 more
- Investments & AcquisitionsElfiq Networks
& 2 more
Products & Services of Martello Technologies
Martello Technologies offers a comprehensive portfolio of products and services, including Vantage DX.
Proactive tool for detecting and resolving Microsoft Teams issues.
Apps and channels of Martello Technologies
its YouTube channel MartelloTech has 298 subscribers and 30 videos.
Videos from Martello Technologies
The most watched videos on Martello Technologies's YouTube channel, MartelloTech (298 subscribers). Click a video to play it here.
More on MartelloTech.
Funding Insights of Martello Technologies
Martello Technologies has successfully raised a total of $11.25M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.4 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.25M
- Total Rounds 12
- Last Round Post-IPO — $1.4M
- First Round $3M
(Sep 2014)
- Investors Count 3
Latest 10 of 12 funding rounds of Martello Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $1.4M | Post-IPO | – | – | |
| Mar 2024 | $1.1M | Post-IPO | – | – | |
| Dec 2023 | Post-IPO | – | – | ||
| Jul 2023 | $1.89M | Post-IPO | – | – | – |
| Mar 2023 | $868,243 | Post-IPO | – | – | |
| Nov 2022 | $2M | Post-IPO | – | – | |
| Mar 2022 | $2.5M | Grant | – | – | |
| Jan 2022 | $1.93M | Post-IPO | – | – | |
| Nov 2018 | $3M | Debt – Conventional | – | – | |
| Jun 2018 | $7.5M | Series B | – | – | – |
3 investors in total: 3 institutional.
Investors in Martello Technologies
Martello Technologies has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include RBC Royal Bank, Wesley Clover and FedDev Ontario.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management firm investing in startups and established companies | wesleyclover.com | Ottawa, Canada | ||
It serves as a government backed investment fund focused on the economic growth of southern ontorio. | 2009 | feddevontario.gc.ca | Waterloo, Canada | |
Commercial banking services are provided to businesses and individuals. | 1864 | rbcroyalbank.com | Halifax, Canada |
Investor details for Martello Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Martello Technologies
38 people are tracked at Martello Technologies (11 in leadership, 5 in board & advisors, 22 in team).
| Name | Role | Group |
|---|---|---|
Tracy King | VP, Marketing | Leadership |
Alec Saunders | Director | Leadership |
Doug Bellinger | Chief Technical Officer | Leadership |
Lynn Rockburn | Partner Manager and Channel Operations | Leadership |
Andrew Rust, Director of Product / Senior Product Manager | Director of Product Management | Leadership |
Klaas Hulder | Senior Director Of R&d | Leadership |
Jim Clark | CFO | Leadership |
Sara Purdon | Director Global Marketing Communications | Leadership |
Emilio DiLorenzo | Co-Founder, VP & Chief Technology Officer | Leadership |
Yann Baudic | Director Technical Support | Leadership |
Olivier Raynaut | VP Client Delivery | Leadership |
Terence H. Matthews | Co-Chairman | Board & advisors |
Mike Galvin | Director | Board & advisors |
Don Smith | Director | Board & advisors |
Colley Clarke | Director, Chair Of Audit Committee | Board & advisors |
Antoine Leboyer | Director | Board & advisors |
Christopher Wilson | Software Architect | Team |
Ziad El Hafiane | R&D engineer | Team |
Ana Trujillo | Customer Success Manager | Team |
Olivier LAMER | Senior Service Delivery Engineer | Team |
18 more people are available in the full profile.
Complete people profiles for Martello Technologies
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IPO & Listings of Martello Technologies
Martello Technologies is a publicly listed company on the TSXV with ticker symbol MTLO in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Sep 2018
- Listed onTSX-V: MTLO
- Listed entityMartello Technologies Group, Inc.
- Exchange sectorTechnology services
- ISINCA5730741017
- Share price0.01 CAD · 2026-10-13
- Market capitalisation5,837,074.00 CAD
- EPS (diluted, trailing year)-0.02 CAD
- Volume (last session)48,500
Financials of Martello Technologies
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 11.9M CAD | -13.0M CAD | -4.3M CAD |
| 2024 | 14.5M CAD | -5.7M CAD | -2.4M CAD |
| 2023 | 15.8M CAD | -5.7M CAD | -1.8M CAD |
| 2022 | 16.1M CAD | -25.2M CAD | -3.1M CAD |
| 2021 | 17.5M CAD | -8.2M CAD | -4.4M CAD |
Detailed financial statements for Martello Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Martello Technologies
Martello Technologies has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Elfiq Networks, GSX Solutions and Savision.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Server monitoring, reporting, and management services are provided. | gsx.com | Geneva, Switzerland | 1996 | Apr 2020 | $13.3M | |
IT infrastructure services are monitored through a dedicated platform. | savision.com | Amsterdam, Netherlands | 2006 | Oct 2018 | $11.97M | |
Network performance is enhanced via link balancing and SD-WAN solutions. | elfiq.com | Montreal, Canada | 2004 | Dec 2017 | •••• |
Complete acquisition details for Martello Technologies
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Martello Technologies
7 dated milestones of Martello Technologies across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Martello Technologies is founded.
- Funding First funding round of $3.0M.
- Acquisition Acquires Elfiq Networks.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Savision.
- Acquisition Acquires GSX Solutions.
- Funding Latest funding round, Post-IPO, of $1.4M.
Competitors of Martello Technologies
Martello Technologies has 2 listed competitors in our database, 2 of them funded. They include Sigma Systems and Sandvine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sigma-systems.com | 1996 | Toronto, Canada | $21M | Product, order management, and network provisioning solutions are provided. | ||
| sandvine.com | 2001 | Waterloo, Canada | $15M | Network policy control products are provided for broadband service providers. |
Detailed competitors of Martello Technologies
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Web traffic of Martello Technologies
The website of Martello Technologies (martellotech.com) receives about 8.2K visits a month.
- Monthly visits8.2K
▼ 19.8% vs previous month
Websites whose visitors overlap most with Martello Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stocklight.com | 100% | 680.7K | #690,517 | View details | |
investor.mitel.com | investor.mitel.com | 96% | – |
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Related news about Martello Technologies
Complete news archive for Martello Technologies
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Frequently Asked Questions about Martello Technologies
Martello Technologies was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Martello Technologies is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Martello Technologies is a funded company, having raised a total of $11.25M across 12 funding rounds to date. The company's 1st funding round was a Series B of $7.5M, raised on Sep 2014.
Annual revenue of Martello Technologies is $8.52M as on Mar 31, 2026.
Martello Technologies was founded in 2009 in Ottawa, Canada, and operates in the telecommunications and IT sector. Cloud-based and on-premise solutions for fault and performance management are offered, including Mitel Performance Analytics for monitoring network performance. Martello Vantage is utilized to assess network readiness for unified communications prior to deployment. UCScore is employed to establish stable UC network foundations, mitigating issues like echo, delay, and jitter from overcapacities.
Martello Technologies's top competitors include Sandvine and Sigma Systems.
Martello Technologies offers Vantage DX.
Yes, Martello Technologies is publicly traded on TSXV under the ticker symbol MTLO.
Martello Technologies has made 3 acquisitions, including Elfiq Networks, GSX Solutions, and Savision.
Martello Technologies has 3 investors. Key investors include RBC Royal Bank, Wesley Clover, and FedDev Ontario.
Martello Technologies operates through Martello Technologies Corporation.