Vancouver, Canada--(Newsfile Corp. - February 20, 2024) - Turnium Technology Group Inc. (TSXV: TTGI) ("Turnium" or "the Company"), an industry leader in cloud-native software-defined wide area networking solutions (SD-WAN), announces that Wafai International Company Inc. of Saudi Arabia ("WafaiCloud") have signed a multi-year term and volume commitment to partner with Turnium. The agreement between WafaiCloud and Turnium involves both companies partnering and actively accelerating cloud adoption with secure on-ramps, optimized connectivity and managed SD-WAN service delivery across the Middle East.
Yaseen Ashraf, Executive Manager at WafaiCloud said, "We are very happy with the Turnium platform. It helps us deliver enterprise-grade solutions at reasonable prices and support our customers better. With Turnium, we improve the reliability of customer connections to our cloud services and ensure that their businesses operate seamlessly while helping them migrate away from MPLS to a more flexible combination of wireline and wireless services. We look forward to working with Turnium to grow our business over the years to come."
Currently with 200 sites already in service, Wafai forecasts aggressive growth in its Turnium SD-WAN pipeline which can grow revenue more than 10 times within three years.
"The Turnium team is delighted to have partnered with WafaiCloud, and expanded our channel partnership relationship into the Middle East market." said Derek Spratt, Turnium CEO. "We are very excited to join hands with WafaiCloud to bring significant value to their customers. WafaiCloud is perfectly positioned to take advantage of rapid hosting, managing, pricing, and delivering the Turnium solution. The addition of WafaiCloud to our Global Partnership Program marks the 16th company to join/renew over the last 12 months supporting the drive to accelerate Turnium's future revenue growth."
Turnium's Ease of Use, Simplicity, Performance, and Licensing
Turnium SD-WAN was evaluated and selected based on its ability to deliver a white-label solution that integrated easily into WafaiCloud's technology and business environment. WafaiCloud and its customers benefit from instant failover, traffic prioritization, visibility to network conditions across multiple underlay connections, and a fast, fully-managed implementation for speedy deployment.
WafaiCloud chose Turnium as the most simple and cost-effective solution to:
- Replace MPLS with more flexible designs;
- Unify its entire WAN backbone;
- Ensure reliability, uptime, and failover;
- Provide high-quality voice and video sessions using internet;
- Secure communications;
- Speed up network deployment and simplify management and troubleshooting; and
- Deliver visibility, control, and analysis across entire customer networks globally in a way that isn't possible in designs using different carriers, access technologies, and policies.
About WafaiCloud
Founded in 1999, WafaiCloud was established to support the software development community across the Middle East. Fast-forward to today, WafaiCloud still supports developers and their needs, and has expanded to support the growing teams, startups, and enterprises that WafaiCloud has helped to create.
WafaiCloud's value is based on delivering enterprise-level capabilities at a lower cost than other major providers in the Middle East, together with the visibility, high-availability, support, and pricing models that make WafaiCloud's solutions easy to adopt.
For more information, visit https://wafaicloud.com
About Turnium Technology Group Inc.
Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, disaggregated software platform that OEM channel partners host, manage, brand, and price. Turnium is also available to Resellers as a Turnium-branded managed service. Turnium SD-WAN is sold through a channel partner program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.
For more information, contact sales@ttgi.io, visit www.turnium.com, or follow us on Twitter @turnium.
About SD-WAN
SD-WAN is revolutionizing the networking and telecommunications industry by abstracting secure, high-speed networking and network control from underlying physical circuits. SD-WAN frees enterprises, small and medium businesses, cloud and managed services providers from the business and cost constraints imposed by traditional telecommunications companies.
# # #
Turnium Contact:
Investor Relations: Bill Mitoulas, Email: investor.relations@ttgi.io, Telephone: +1 416-479-9547
Media inquiries: please email media@ttgi.io.
Sales inquiries: please email sales@ttgi.io
www.ttgi.io, www.turnium.com
CAUTIONARY NOTES
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the Company may terminate and not proceed with the Agreement, or that the Agreement and associated transactions will not be successfully completed for any reason (including failure to obtain the required acceptance from the TSX Venture Exchange). The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198553
SOURCE: Turnium Technology Group Inc.
