Neighbourly transaction: Gatineau's Adaptiv Networks acquires division of Kanata-based Martello

Ottawa Business Journal, excerpts from article by David Sali

Two local companies that help smooth the flow of data over the internet also encountered little resistance on the sale of a technology business unit that will instantly make a Gatineau firm a global player in its field.

Kanata’s Martello Technologies and Gatineau’s Adaptiv Networks said Wednesday they have reached an agreement that will see the Quebec-based software networking firm acquire the assets and some liabilities of Martello’s Elfiq division in a cash-and-share deal.

Adaptiv, which creates software-defined, cloud-based networks designed to help speed up internet traffic, will now have 63 employees at offices in Gatineau, Mississauga, Montreal and Mumbai. 

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