Martello boosts subscription-based software sales with Savision acquisition

OTTAWA – Martello Technologies Group is buying Amsterdam-based Savision B.V. for $11.9 million.The Ottawa-based cloud management and bandwidth solutions company said Monday that the move extends its network and IT performance management capabilities and expands its sales presence in key European markets.Founded in 2006 in the Netherlands, Savision provides enterprise software for the visualization of IT systems management data such as performance metrics, outage information and incidents. Its software is an ITOps solution that integrates and controls monitoring, cloud, and service management tools data in a single pane of glass, and is deployed in more than 50 countries.Savision CEO Stefanie...