One of Ottawa’s fastest-growing tech firms has a new chief executive.
Martello Technologies said Monday that it had hired John Proctor, a veteran of the Canadian and British Armed Forces as well as the former vice-president of global cybersecurity at CGI, as its new CEO.
Mr. Proctor replaces Bruce Linton, who will remain active within the firm and become Martello’s co-chairman of the board alongside Terry Matthews. Mr. Linton is also the chairman and CEO of cannabis producer Canopy Growth.
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“Martello is primed for continued growth and is adding senior leadership experience to ensure they get there,” Mr. Matthews said in a statement. “John has a proven background and private sector experience, which will help him guide Martello through the next stages of corporate execution.”
Martello develops software that helps IT professionals troubleshoot cloud-based communications systems, with a particular focus on servicing Mitel’s customers. Martello – which was founded in 2009 – and Mitel are connected by Mr. Matthews, who co-founded Mitel and invested in Martello.
The Kanata startup has attracted significant attention in recent years, including a ranking of No. 48 on the 2017 Profit 500 list with five-year revenue growth of 1,552 per cent. Locally, OBJ named Martello its fastest-growing company in 2015 and, more recently, named it one of the recipients of a 2017-18 Employees’ Choice Award.
In September, Mr. Linton mused that an initial public offering and acquisitions were likely to be in Martello’s future.