Distributed on behalf of Turnium Technology Group
Just last year, Turnium Technology Group (TSXV: TTGI), a provider of “Complete IT” solutions, announced a potential acquisition that had the potential to significantly expand its revenue base. At the time, the company signed a Letter of Intent to acquire Insentra Holdings, a 16-year-old Australian IT services firm with more than 200 channel partners and approximately CAD $24 million in annual revenue.
If completed, the deal would immediately expand Turnium from an $8 million revenue company into a combined entity generating roughly $32 million annually — with a clear path toward $100 million in revenue and $20 million in EBITDA by fiscal 2027.
Today, Turnium has officially announced the closing of that Insentra acquisition — a move that could unlock meaningful growth opportunities. Prior to the deal, Turnium had about 80 partners. With Insentra adding more than 200 additional partners, the combined company now operates with a powerful network of over 280 partners worldwide.
We should also note that the global IT services market is projected to reach between $1.52 trillion and $1.65 trillion this year alone — and estimates suggest it could grow to well over $10 trillion in the years ahead. At the same time, there are approximately 358 million small and mid-sized businesses globally. These companies — from micro businesses with fewer than 10 employees to firms with up to 249 employees — represent a massive, underserved market hungry for comprehensive, managed IT solutions.
That growing demand doesn’t just benefit Turnium. It also creates opportunity for other IT giants, such as Cisco (NASDAQ: CSCO), Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Microsoft (NASDAQ: MSFT).
Turnium Technology Group (TSXV: TTGI) Just Announced the Closing of Acquisition of Assets of Insentra Management, which is Expected to Provide Increaed Revenues
Turnium Technology Group just announced, further to its press releases dated November 10, 2025, December 29, 2025 and February 3, 2026, that it has completed its acquisition of substantially all the assets of Insentra Management Services Pty Ltd. and certain subsidiaries of Insentra.
Insentra is a private company incorporated under the laws of Australia, specialising in providing Advisory, Professional, Artificial Intelligence and managed IT services and solutions to businesses by exclusively partnering with IT providers. Insentra is headquartered in Sydney, Australia and serves clients globally.
The Transaction was completed pursuant to a definitive asset purchase agreement dated February 2, 2026 with Insentra, Insentra Subsidiaries and each of the securityholders of Insentra and Insentra Subsidiaries. Certain non-material terms of the Asset Purchase Agreement were amended pursuant to an amending agreement between the Company and the Vendors dated December 27, 2025.
Doug Childress, CEO of Turnium, stated, “The Insentra acquisition is complementary to our growth strategy and our Technology-as-a-Service offering, which management expects could potentially more than triple the size of our business, assuming market conditions remain favourable and all milestones and performance targets are achieved. Both Turnium and Insentra sell to end customers through a channel-led business model, which, combined, will deliver over 280 worldwide partners. With the closing of the Transaction, Insentra is expected to provide increased revenues, increased technical and operational resources and a strong leadership team to help facilitate Turnium achieving its long-term revenue objectives.”
Ronnie Altit, one of the founders and the CEO of Insentra, stated, “We are excited to be joining forces with Turnium. For sixteen years, Insentra has been built on trust, enduring relationships and a passion for helping our partners succeed. This transaction enhances the opportunities available to our partners and their clients by providing access to a broader suite of innovative services, while enabling our team to continue doing what we do best: remaining 100% channel only and helping our partners grow. Turnium’s channel approach, combined with its Technology-as-a-Service offering and our channel-only DNA, creates a powerful platform that will unlock meaningful opportunities across our global ecosystem.”
Pursuant to the Transaction, as more particularly described in the Prior Releases, the Company has acquired the Purchased Assets in exchange for the following paid to the Owners:
a) a closing purchase price of approximately C$5,728,344, comprised of:
· C$2,144,344 paid through the issuance of 10,721,720 common shares in the capital of the Company at a deemed price of C$0.20 per Common Share; and
· Total cash consideration in the aggregate amount of C$3,584,000, as follows: (A) C$1,000,000 paid at closing; and (B) C$2,584,000 in the form of an unsecured, non-transferable vendor take-back loan, which will be payable to the Owners with interest as follows: (i) C$500,000 by the date that is thirty (30) days following closing; (ii) C$500,000 by the date that is sixty (60) days following closing; and (iii) C$1,584,000 in 20 monthly instalments following closing (with the first instalment commencing on or by April 4, 2026 or as otherwise agreed between the parties). The interest rates payable on each portion will be set at 2% above the Royal Bank of Canada’s prime lending rate, per annum, and will track such rate until the final payment is made on each such portion. In the event of any uncured defaults on any payments, Turnium will pay an additional default interest on the outstanding balance (including accrued interest) at a rate of 1.25% per month on all overdue amounts; and
b) 1,188,000 common share purchase warrants of the Company. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.20 per Common Share for a period of three (3) years following issuance and will vest in equal 1/12th increments over the one (1) calendar year following issuance.
In addition to the Purchase Price and Warrants, as more particularly described in the Prior Releases, the Owners will be eligible to receive the following:
a) Potential earn-out payments of up to C$7,250,000, payable to the Owners over two (2) fiscal years following closing, if certain revenue and adjusted EBITDA targets are achieved. The Performance Earn Out will be payable sixty (60) per cent in cash and forty (40) per cent through the issuance of Common Shares, being a maximum of 14,500,000 Common Shares. Common Shares issued pursuant to the Performance Earn Out will be issued at a price equal to the greater of C$0.20 or a 25% discount to the 10-day volume weighted average price of the Common Shares on the TSX Venture Exchange; and
b) Potential EBITDA bonus of up to C$2,000,000, payable to the Owners over two (2) fiscal years following closing, if certain adjusted EBITDA targets are achieved. The Bonus will be payable sixty (60) per cent in cash and forty (40) per cent through the issuance of Common Shares, being a maximum of 4,000,000 Common Shares. Common Shares issued pursuant to the Bonus will be issued at a price equal to the greater of C$0.20 or a 25% discount to the 10-day volume weighted average price of the Common Shares on the TSXV.
The Consideration Shares will be subject to various contractual lock-up restrictions, as follows: (a) 25% of the Consideration Shares, being 2,680,430 Consideration Shares, will be released from lock-up on the date that is four (4) months after the closing of the Transaction; (b) 25% of the Consideration Shares, being 2,680,430 Consideration Shares, will be released from lock-up on the date that is six (6) months after the closing of the Transaction; (c) 25% of the Consideration Shares, being 2,680,430 Consideration Shares, will be released from lock-up on the date that is twelve (12) months after the closing of the Transaction; and (d) 25% of the Consideration Shares, being 2,680,430 Consideration Shares, will be released from lock-up on the date that is eighteen (18) months after the closing of the Transaction.
The Company expects to grant securities-based compensation to certain new and transferring employees following the closing of the Transaction, once such employees become eligible persons under the Company’s Omnibus Equity Incentive Plan. All such grants will be made in accordance with the terms and conditions of the Plan and the policies of the TSXV.
The Company received final approval of the Transaction from the TSXV prior to closing. The Transaction constitutes an arm's length transaction within the meaning of the policies of the TSXV, and there are no finder’s fees payable in connection with the Transaction. All securities issued in connection with the Transaction will be subject to a hold period of four months and one day from the date of issuance, as well as the resale and seasoning period rules of the applicable securities legislation.
Other related developments from around the markets include:
Cisco Systems and AT&T are deepening a long-standing strategic relationship built on trust, innovation, and a shared commitment to enabling highly secure connectivity and management tools that help enterprises optimize operations and achieve measurable business results. Together, we’re shaping the future of IoT by bringing the full capabilities of 5G Standalone (SA) to support the most demanding applications. This collaboration commercially activates a 5G Standalone-native IoT platform that tightly integrates AT&T’s nationwide 5G SA core with Cisco’s industry-leading Mobility Services Platform portfolio (including IoT Control Center and Converged Core offerings)— which will unlock programmable network capabilities such as network slicing, and application-aware performance at scale. Together, AT&T and Cisco are creating a seamless, end-to-end platform that supports everything from connected vehicles to smart cities and digital healthcare, to deliver ultra-low latency, enhanced security, and exceptional reliability at scale. More than a technology integration, this collaboration reflects a common goal of empowering enterprises with highly secure, flexible, and scalable connectivity that accelerates innovation and simplifies operations. AT&T and Cisco are working side by side to help customers deploy, manage, and scale IoT solutions with confidence.
Nvidia reported record revenue for the fourth quarter ended January 25, 2026, of $68.1 billion, up 20% from the previous quarter and up 73% from a year ago. For fiscal 2026, revenue was $215.9 billion, up 65% from a year ago. For the quarter, GAAP and non-GAAP gross margins were 75.0% and 75.2%, respectively. For fiscal 2026, GAAP and non-GAAP gross margins were 71.1% and 71.3%, respectively. For the quarter, GAAP and non-GAAP earnings per diluted share were $1.76 and $1.62, respectively. For fiscal 2026, GAAP and non-GAAP earnings per diluted share were $4.90 and $4.77, respectively. “Computing demand is growing exponentially — the agentic AI inflection point has arrived. Grace Blackwell with NVLink is the king of inference today — delivering an order-of-magnitude lower cost per token — and Vera Rubin will extend that leadership even further,” said Jensen Huang, founder and CEO of NVIDIA. “Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth.”
Advanced Micro Devices and Meta today announced a 6-gigawatt agreement to power Meta’s next generation of AI infrastructure across multiple generations of AMD Instinct GPUs. This agreement expands on the companies’ existing strategic partnership and aligns roadmaps across silicon, systems and software to deliver AI platforms purpose-built for Meta’s workloads. The first deployment will use a custom AMD Instinct GPU based on the MI450 architecture to deliver AI platforms that are optimized for Meta’s workloads at gigawatt-scale. Shipments supporting the first gigawatt deployment are scheduled to begin in the second half of 2026 powered by the custom AMD Instinct MI450-based GPU and 6th Gen AMD EPYC™ CPUs, codenamed “Venice,” running ROCm™ software and built on the AMD Helios rack-scale architecture. AMD Helios was developed jointly by AMD and Meta through the Open Compute Project to enable scalable, rack-level AI infrastructure.
Microsoft announced the following results for the quarter ended December 31, 2025, as compared to the corresponding period of last fiscal year: Revenue was $81.3 billion and increased 17% (up 15% in constant currency); Operating income was $38.3 billion and increased 21% (up 19% in constant currency); Net income on a GAAP basis was $38.5 billion and increased 60%, and on a non-GAAP basis was $30.9 billion and increased 23% (up 21% in constant currency); Diluted earnings per share on a GAAP basis was $5.16 and increased 60%, and on a non-GAAP basis was $4.14 and increased 24% (up 21% in constant currency). “We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,” said Satya Nadella, chairman and chief executive officer of Microsoft. “We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Turnium Technology Group by Turnium Technology Group. We own ZERO shares of Turnium Technology Group. Please click here for full disclaimer.
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