Martello Technologies Group Inc. provided a progress report on its recently launched Vantage DX single platform DEM solution for Microsoft 365 and Microsoft Teams. Note that Martello's fiscal year ends on March 31st. In the Fall of 2021 Martello launched Vantage DX, in response to emerging post-pandemic hybrid workplace requirements. Since the launch, the Company has seen strong interest in Vantage DX: 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 Third Quarter 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, July 27, 2021).

With these businesses now bringing employees back to the office in a hybrid model, IT teams are turning to Vantage DX to identify and resolve performance issues such as network bandwidth or ISP limitations that impact the user experience in today's digital workplace.