Martello announced today its No. 28 ranking on the 30th annual Growth 500 list by Canada Business and Maclean’s. Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth.
Martello made the 2018 Growth 500 list with five-year revenue growth of 2,231 percent. This is the second year in a row that Martello has made the list. The Company climbed 20 spots from No. 48 in 2017 which reflects the aggressive moves it has made as a key player within the growing software defined networking and UC markets. Martello offers a cost-effective SD-WAN solution built for UC performance.
This accolade underscores Martello’s commitment to delivering cost effective and innovative SD-WAN products that allow its global clients in more than 150 countries, to stay connected 24/7, while detecting and resolving UC performance issues such as poor voice quality, before the user’s experience is impacted.
“The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,” stated Deborah Aarts, Growth 500 program manager. “As we celebrate 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.”
“Martello is proud to be named once again to the Growth 500,” said John Proctor, president and CEO of Martello. “We’re pleased to be recognized as a leading Canadian technology company, with an aggressive growth strategy. We’re working ambitiously to bring innovative and cost-effective network performance management solutions to businesses facing the growing challenge of network complexity”.
Martello went public with a TSXV listing on September 12th, following the closure of an oversubscribed $7.5 million private placement. The company’s ambitious growth plans include future merger and acquisition activity, an area in which the company has a positive track record. In December 2017, Martello merged with SD-WAN player Elfiq Networks.
