Martello Technologies Group Inc. ("Martello") (TSXV: MTLO), a leading provider of network performance management solutions for real-time communications, announced today that Frost Bank, a Texas-based chartered bank that is among the largest banks in the United States, has chosen to renew its contract for the Savision IT operations management software products for the next three years. This follows an eight year relationship in which Frost Bank has continually expanded its Savision product coverage, bringing all of the bank's IT and performance monitoring capabilities into a single dashboard. Savision is a wholly owned subsidiary of Martello.
A chartered bank in Texas with more than 140 locations, Frost Bank resolves problems on their IT network faster with the help of Martello's Savision software. Rather than managing their network using multiple tools, each with their own logins and alerts, they have a single pane of glass in which data and alerts from these tools is consolidated. This reduces alert noise and allows Frost Bank to deploy the correct resources quickly to resolve problems faster. Frost Bank initially integrated its SCOM (System Center Operations Manager) monitoring system with Savision, and has since integrated SolarWinds NPM, CA Application Performance Management and Derdack Enterprise Alert into a single dashboard using Savision IQ.
"Throughout our history with Savision, their responsiveness to our feature requests has helped us improve the way issues on our network are handled," said Roger Salinas, Network Engineer at Frost Bank. "We're a 24/7 operation with more than 50 team members handling help desk and IT administration, and the Savision tool has made us much more efficient."
"Frost Bank is an excellent example of how Martello's solutions can bring clarity and control to increasingly complex and distributed IT environments", said John Proctor, President and CEO of Martello. "We're pleased that this simple and cost-effective solution has brought greater efficiency to Frost Bank, and appreciate their loyalty."
In 2018, Martello has executed on acquisitions, organic growth, a public listing and received numerous awards. On November 2, the company announced the completion of its acquisition of Savision, after having acquired SD-WAN player Elfiq Networks in December 2017. The Company's solutions have also been recognized by the industry. In October, Martello received the Outstanding Information & Communications Technology Company (ICT) Recognition Award from IEEE. In September, Martello was recognized with a Frost & Sullivan Leadership Award for NPM (Network Performance Management) and ranked as Ottawa's Fastest Growing Company on the Growth 500 list of Canada's Fastest Growing Companies at No. 28. The Company's listing on the TSX Venture Exchange (TSXV) followed the closure of an oversubscribed $7.5 million private placement in June 2018. View the complete list of Martello Awards.
About Martello
Martello Technologies Group Inc. (TSXV: MTLO) delivers confidence in network performance. Our solutions manage and optimize the performance of real-time services on cloud and enterprise networks and include network and IT performance management software as well as SD-WAN technology. Over the top (OTT) service providers and enterprises around the world rely on Martello's technology to deliver better service quality and a reliable user experience. Designed for real-time communications such as voice and video, Martello's solutions detect, identify and address network performance problems BEFORE service quality is impacted. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at http://www.martellotech.com.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: general market and industry conditions, risks related to continuous operations and to commercialization of new technologies and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
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