Customers with a total of more than 70,000 users have purchased Vantage DX, with growth in sales pipeline generated year to date and more than 20 customers engaged in trials.
In the Fall of 2021
- Customers with a total of more than 70,000 users have purchased Vantage DX. This includes new customers as well as existing customers upgrading to Vantage DX.
- More than 20 Vantage DX enterprise pre- and post-sales trials are in progress, with over 500,000 users in various stages of the trial cycle, from preparation to active deployment. Note that some users represent upgrades for existing customers, and these will not increase
Martello's Microsoft user count should they convert to paid Vantage DX customers. Martello generated approximately 70% more Microsoft DEM sales pipeline in Q3 FY22 than the previous quarter (Q2 FY22). Note that sales in FY23 will be driven by pipeline created in the second half of FY22.
With many businesses worldwide having rapidly deployed Microsoft Teams in 2020 to keep employees productive while working from home, monthly active Microsoft Teams users climbed to 250 million (Microsoft Q4FY21 Financial Results,
A recent report produced by
Read the Report: The State of Microsoft 365 Performance Management
"We want to provide our internal end users with a seamless and stable Microsoft cloud service experience," said
In Q4 FY22,
"I'm pleased with the level of business activity our team has generated as a result of the Vantage DX launch", said
This press release does not constitute an offer of the securities of the Company for sale in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
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This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods and " includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including the outcome of pre-sales trials, the conversion of sales pipeline to increase bookings and revenue, the shortening of sales cycles, the outcome of partner activities, and the outcome of activities with Microsoft.
Forward-looking information is neither a statement of historical fact nor assurance of future performance. Instead, forward-looking information is based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking information relates to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking information. Therefore, you should not rely on any of the forward-looking information. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking information include, among others, the following:
- Continued volatility in the capital or credit markets and the uncertainty of additional financing.
- Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so.
- Changes in customer demand.
- Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment.
- Delayed purchase timelines and disruptions to customer budgets, as well as
Martello's ability to maintain business continuity as a result of COVID-19. - and other risks disclosed in the Company's filings with Canadian Securities Regulators, including the Company's annual information form for the year ended
March 31, 2021 datedJanuary 7, 2022 , which is available on the Company's profile on SEDAR at www.sedar.com.
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