For those who don’t deal directly in public securities, it can be easy to breeze over the intricacies of taking a company public.
Deal gives Ottawa company instant access to the European market, boosting its customer base and beefing up its service offerings.
Martello said in a release that the IRAP funding will help it to hire 11 new employees and “accelerate” the development of its network performance management services.
Twenty-two Ottawa firms made it on the annual rankings of Canada's fastest-growing firms, four more than last year
Martello Technologies CEO John Proctor tells OBJ there's already another acquisition in the pipeline
Listing is the latest milestone for the local telecom firm, which is backed by Ottawa tech titan Terry Matthews.
Martello will soon begin trading on the TSX-V under the symbol MTLO
Oversubscribed round indicates high investor confidence in the firm as it prepares to go public later this year, company says.
Martello announced last month that it would pursue a public listing on the TSX Venture Exchange.
Petten was a founding member of Kanata’s L-Spark SaaS accelerator and served as its director of marketing for the past four years.