11:17 AM EDT, 10/20/2025 (MT Newswires) -- Martello Technologies Group ( DRKOF ) said Monday it is transitioning its Vantage DX product to End of Sale status. The move will also halve its global workforce, the company said.

The company's chief technology officer Doug Bellinger will move into an advisory role, advising the board of directors on technology strategy.

Martello ( DRKOF ) will refocus its resources on the Mitel business and pursue new innovations applying artificial intelligence to the IT monitoring space.

"The operational restructuring announced today aims to move Martello ( DRKOF ) toward profitability, creating the foundation for future growth and shareholder value", said Jim Clark, chief executive officer. "While we sincerely regret the impact on our people, we believe this is the right decision for the business. We will continue to serve our valued Vantage DX partners and customers while we work closely with Mitel to nurture the Mitel Performance Analytics (MPA) business and pursue new innovation in AI, which we believe can be impactful in the monitoring space."

Martello ( DRKOF ) shares are up $0.005, to $0.015, on the TSX Venture Exchange.

Price: 0.02, Change: +0.01, Percent Change: +50.00