Business
Turnium Announces Execution of Asset Purchase Agreement for the Acquisition of Assets of Insentra Management Services and Closing of Offering of Secured Debentures and Warrants
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESFollowing closing of the Transaction, Insentra is expected to provide increased revenues, over 200 new indirect channel partners, increased technical and operational resources and a strong leadership teamThe acquisition continues Turnium's transformation to a Channel-first modelFor CY2026, management is providing...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES","length":180,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Following closing of the Transaction, Insentra is expected to provide increased revenues, over 200 new indirect channel partners, increased technical and operational resources and a strong leadership team","length":204,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The acquisition continues Turnium's transformation to a Channel-first model","length":79,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For CY2026, management is providing guidance of C$30M to C$32M in revenue, with an expected gross margin in the range of 43% to 46% and an adjusted EBITDA in the range of C$2.1M to C$3.1M(1)","length":190,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":473,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or "the Company"), a global leader in Technology-as-a-Service (TaaS) and partner enablement services, including an AI-powered prospecting and lead generation platform, is pleased to announce, further to its press releases dated November 10, 2025 and December 29, 2025, that the Company and certain of its subsidiaries have entered into a definitive asset purchase agreement (the "APA") dated February 2, 2026 with Insentra Management Services Pty Ltd. ("Insentra"), certain subsidiaries of Insentra ("Insentra Subsidiaries") and each of the securityholders of Insentra and Insentra Subsidiaries (the "Owners" and collectively, with Insentra and Insentra Subsidiaries, the "Vendors") to acquire substantially all the assets of the Vendors.","length":940,"tagName":"p"},{"type":"text","content":"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.","length...