Distributed on behalf of Turnium Technology Group
The global information and communication technology market could be worth about $5.61 trillion thanks to the rapid adoption of cloud computing, 5G networks, artificial intelligence, cybersecurity, and the Internet of Things. All of which will have a massive impact on companies, such as Turnium Technology Group (TSXV: TTGI), Cisco Systems (NASDAQ: CSCO), Nvidia (NASDAQ: NVDA), Palo Alto Networks (NASDAQ: PANW), and Alphabet (NASDAQ: GOOG).
Some of the biggest growth drivers will be cloud computing, which is forecast to grow from $626 billion in 2023 to $1.27 trillion by 2028. In addition, with the increasing threat of cyber-attacks, investments in secure infrastructure and data protection are set to rise dramatically, expanding from approximately $225 billion in 2023 to around $450 billion by 2028. Also, with 358 million small and mid-sized businesses globally, the total addressable market for Complete IT solutions represents tens of billions in annual revenue potential.
Look at Turnium Technology Group (TSXV: TTGI), For Example
Turnium Technology Group, which just completed its acquisition of substantially all the assets
of Insentra Management Services Pty Ltd. and certain subsidiaries of Insentra, just entered into a definitive asset purchase agreement dated February 27, 2026 with Tenacious Services Inc. to sell the business carried on by TNET of providing information technologies consulting, support, service delivery, equipment, managed services, Microsoft licensing and hosted voice services in British Columbia and parts of the USA to the Purchaser.
The Company originally purchased the TNET Division from the Purchaser and another entity, Thinsolution Inc., in February 2021. As the Company’s business has evolved, it has classified its TNET Division as a discontinued operation under IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations in Note 27 to its audited financial statements for the year ended September 30, 2025, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca.
By entering into the APA with the Purchaser, the Company is able to dispose of the TNET Division to continue with its current strategy of focusing on scalable, partner-led Technology-as-a-Service solutions and progressing the recently closed acquisition of Insentra, which is expected to further accelerate Turnium’s transition toward a 100% partner-led, wholesale global business model. Providing that the TNET Division, under the ownership of the Purchaser, will be operated by Aaron Patton, the sole shareholder of the Purchaser, who has been operating the TNET Division as its President through a services agreement since the Company originally acquired it in February 2021.
“On behalf of Turnium, I want to express my sincere gratitude to Tenacious and to Aaron Patton for their commitment and stewardship of the TNET Division over the past several years,” said Doug Childress, Chief Executive Officer of Turnium. “This transaction enables Aaron and his team to continue serving customers with continuity and focus, while allowing Turnium to concentrate on executing our global, partner-led growth strategy and the next phase of our evolution post the closing of the Insentra acquisition.”
The Transaction constitutes a non-arm's length transaction within the meaning of the policies of the TSXV, given that Aaron Patton is the sole shareholder of the Purchaser and also the President of the TNET Division. As a result, the completion of the Transaction is subject to the approval of the TSXV. No finder’s fees are payable in connection with the Transaction. Both the Purchaser and Aaron Patton are not a “related party” to the Company as defined under MI 61-101 as Aaron Patton is not a director or officer of the Company and the Purchaser owns less than 2% of the outstanding common shares of the Company. No current director or officer of the Company has any direct or indirect beneficial interests in Tenacious Services Inc. or in the proposed Transaction other than as acting as a director or officer of the Company.
Pursuant to the APA, Purchaser will acquire substantially all of the assets and contractual commitments of the TNET Division and assume their related liabilities at the closing and thereafter. The Company believes that the residual assets and liabilities that will remain with TNET will not be material, and the Company anticipates that it will wind up the operations of TNET in due course during its fiscal year for 2026.
The consideration payable by the Purchaser to TNET and the Company is:
1. settlement in full, by way of release and discharge, any and all obligations of the Company and TNET to Purchaser, including but not limited to the outstanding indebtedness of $197,257.21 for principal and accrued interest under the original indebtedness owed by the Company to the Purchaser relating to the original purchase by the Company of the TNET Division from the Purchaser in February 2021;
2. the assignment of 3,171,958 common shares in the capital of the Company to TNET, which shares were originally issued to the Purchaser by the Company in connection with the original purchase by the Company of the TNET Division from the Purchaser in February 2021; and
3. $13,727.83 to TNET in connection with certain termination fees for previously leased premises relating to the TNET Division.
No securities will be issued by the Company pursuant to the Transaction, and the Original Consideration Shares assigned to TNET shall thereafter be assigned to the Company and returned to treasury for cancellation. The acquisition of the Original Consideration Shares qualifies as an “Exempt Issuer Bid” under Section 4.7 of NI 62-104 as (i) the Original Consideration Shares are beneficially owned by Aaron Patton, who is the current President of TNET through a services agreement between the Company and the Purchaser; (ii) the value ascribed to the Original Consideration Shares is $285,476.22, being the market value at the execution of the APA); and (iii) the Original Consideration Shares will not exceed 5% of the common share of the Company; (iv) the Company has not relied upon this exemption for the last 12 months prior to the Transaction.
The TSXV has conditionally accepted the Transaction, and the completion of the Transaction remains subject to customary closing conditions, including the final approval of the TSXV.
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.”
Palo Alto Networks, the global cybersecurity leader, announced financial results for its fiscal second quarter 2026, ended January 31, 2026. Total revenue for the fiscal second quarter 2026 grew 15% year over year to $2.6 billion, compared with total revenue of $2.3 billion for the fiscal second quarter 2025. GAAP net income for the fiscal second quarter 2026 was $432 million, or $0.61 per diluted share, compared with GAAP net income of $267 million, or $0.38 per diluted share, for the fiscal second quarter 2025. Non-GAAP net income for the fiscal second quarter 2026 was $732 million, or $1.03 per diluted share, compared with non-GAAP net income of $566 million, or $0.81per diluted share, for the fiscal second quarter 2025. A reconciliation between GAAP and non-GAAP information is contained in the tables below.
"We saw continued strength in platformizations, a trend that is accelerating due to AI - customers are keen to both modernize and normalize their cybersecurity stack, aligning them to our approach. We also saw steady and strong adoption of AI security, which we expect will be a long-term trend," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We are excited to welcome the employees of Chronosphere and CyberArk to help us drive our growth in the future."
Alphabet announced financial results for the quarter ended December 31, 2025. Consolidated Alphabet revenues increased 18%, or 17% in constant currency, to $113.8 billion, reflecting strong momentum across the business and acceleration in growth in both Google Services and Google Cloud. Google Services revenues increased 14% to $95.9 billion, led by 17% growth in Google Search & other, 17% in Google subscriptions, platforms, and devices, and 9% in YouTube ads. YouTube revenue across ads and subscriptions exceeded $60 billion for the full year 2025. Google Cloud saw a continued increase in customer demand as revenues increased 48% to $17.7 billion, led by an increase in Google Cloud Platform (GCP) across enterprise AI Infrastructure and enterprise AI Solutions, as well as core GCP products. Consolidated Alphabet operating income increased 16% and operating margin was 31.6%. Operating income included a $2.1 billion employee compensation charge for Waymo. Net income increased 30% and EPS increased 31% to $2.82. Sundar Pichai, CEO of Alphabet and Google, said: “It was a tremendous quarter for Alphabet and annual revenues exceeded $400 billion for the first time. The launch of Gemini 3 was a major milestone and we have great momentum. Our first party models, like Gemini, now process over 10 billion tokens per minute via direct API use by our customers, and the Gemini App has grown to over 750 million monthly active users. Search saw more usage than ever before, with AI continuing to drive an expansionary moment.
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.
Contact Information:
Ty Hoffer
Winning Media
281.804.7972
Ty@winning.media
Related Stories
