Turnium Technology

Turnium Technology Group Inc. (TSXV: TTGI | FSE: E48) is a leader in software-defined wide area networking (SD-WAN) solutions, enhancing internet reliability and security for businesses. Its proprietary SD-WAN platform ensures uninterrupted connectivity using standard internet, wireless, or low-earth orbit satellite services. Turnium recently merged with Claratti, a licensed Australian telecommunications carrier and provider of IT, managed security, and cybersecurity solutions through 24/7 global IT and security operations.

Turnium Unveils Next-Generation Universal Edge Device Leveraging AI and Post Quantum Cryptography

January 30, 2025 Chris Thompson

Turnium Technology Group (TSXV: TTGI | FSE: E48) has announced a next-generation Universal Edge Device integrating AI-driven dynamic traffic steering and Post Quantum Cryptography (PQC). The device is designed to enhance SD-WAN performance, providing nearly 10x faster data throughput on consumer chips and 13x faster on enterprise chips. It supports up to 100,000 nodes per management server and includes biometric security and remote management. The initiative aligns with Turnium’s Technology-as-a-Service (TaaS) strategy, following its acquisition of Claratti. The new device strengthens Turnium’s market position in SD-WAN and cybersecurity solutions. [more]

Squarespace’s $6.99B Deal Signals Strong Outlook for SaaS Sector

May 13, 2024 Chris Thompson

Permira Advisers is acquiring Squarespace Inc. (NYSE: SQSP) in a $6.99 billion all-cash transaction, reflecting a premium to the market price and comps. This deal, endorsed by the board, signifies a shift for Squarespace towards enhanced strategic flexibility away from public market pressures. With an EV/Revenue multiple exceeding the mid-cap SaaS sector average, the acquisition underscores Squarespace‘s market position and growth potential. [more]

MediaValet Acquisition Highlights Valuation Trends in Canadian SaaS and DAM Sectors

January 29, 2024 Chris Thompson

On January 24, 2024, MediaValet (TSX:MVP), a provider in Digital Asset Management (DAM) solutions, announced its acquisition by STG Partners, highlighting the increasing importance of DAM and SaaS models in the tech industry. This transaction, valued at $79 million, signifies a premium valuation for MediaValet and suggests a positive outlook for similar Canadian SaaS and DAM firms. The acquisition reflects the strategic interest in companies that offer scalable, cloud-native software solutions, underscoring the growing demand for efficient digital asset management in a content-driven business landscape. [more]