Martello Technologies Group Inc (MTLO)

[Wo]

Martello Updates and Extends Agreement with Mitel

https://finance.yahoo.com/news/martello-updates-extends-agreement-mitel-005400655.html?.tsrc=applewf

CNW Group
January 16, 2019, 7:54 PM EST
Longstanding partnership grows with expanded coverage of key Mitel platforms

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OTTAWA , Jan. 16, 2019 /CNW/ - Martello Technologies Group Inc. (MTLO.V), ("Martello" or the "Company"), a leading provider of network performance management solutions for real-time communications, announced today that it has concluded an amendment to its commercial agreement with Mitel Networks, a key global partner. Updating an agreement signed in April 2016 , the terms of this amendment are expected to be favourable to Martello's revenues, and include expanding the coverage of Martello's software to additional Mitel communications platforms and extending the renewal term. Martello's software is included in Mitel Premium Software Assurance offering in two tiers, Mitel Performance Analytics (MPA) and Mitel Performance Analytics Plus (MPA Plus). This agreement covers the use and resale of MPA software in both tiers.