Stratford Managers’ client, Martello Technologies, announced that the local cloud communications services firm has raised $7.5 million in private placement round. The financing will help to fuel the company’s aggressive growth strategy including future acquisitions.
According to a Martello spokesperson, the non-brokered placement, consisting of common shares in the Kanata-based firm, was oversubscribed from an initial target of $6 million.
For more information, view the original article in the Ottawa Business Journal and on Martello’s website.
Stratford Managers has worked with Martello Technologies on Business Operations, and Coaching & Advisory projects.
Recent appearance on Techopia Live with Martello CEO, John Proctor and Stratford VP, Product Consulting Chad Holliday.