Vancouver, Canada–(Newsfile Corp. – August 24, 2023) – Turnium Technology Group Inc. (TSXV: TTGI) (“Turnium” or the “Company”), an industry leader in cloud-native Software-Defined Wide Area Networking solutions (SD-WAN), now enables Managed Service Providers (MSP) to increase the reliability, performance, and quality of their AI applications, Voice, Contact Center, and Point of Sale (PoS) solutions with Turnium SD-Access, SD-Light, and SD-WAN.
When a connection to the internet fails or drops, even briefly, businesses that use hosted Voice, Communications, Contact Center, and PoS software cannot make or receive calls or complete debit or credit card transactions. Be it a coffee shop or a major retail chain, or Amazon online, without the ability to service payments or manage customer communications most businesses grind to a halt. According to Payline Data Services, one hour of PoS downtime results in up to $13,000 in business losses.
These issues are solved by Turnium’s proprietary software technology. Multiple connections can be bonded together so that if one connection fails, data, voice calls, and transactions can continue. This is done efficiently and securely, with a speedy 300 millisecond failover time making the switchover imperceptible. Turnium also enables Service Providers to scale down their price points for cost sensitive applications while remaining profitable, using off the shelf, readily available hardware.
The SD-WAN market is expected to increase at a 31.6% CAGR from US$3.4B in 2022 to US$54B in 2032, according to Future Market Insights Inc. Turnium SD-Access, SD-Light, and SD-WAN products give Service Providers an affordable, reliable method of ensuring customers maintain connection to hosted services and transaction or banking platforms. The products allow for growth in monthly recurring revenue (MRR) as well as increased customer satisfaction.
- Designed for single site customers, Turnium SD-Access enables Service Providers to deliver a single, managed circuit to businesses that want to avoid a disruption in their business, all at a price that is highly affordable.
- Turnium SD-Light allows Service Providers to elevate their single-site customer experience by adding real-time link aggregation. Turnium does this by enabling a Managed Service Provider to use up to three active circuits from different Internet Service Providers (“ISPs”) and combine them into a single virtual connection without being tied up by the customer’s own ISP. Should one of these circuits fail, the customer stays connected to the applications that matter using the other circuits. In SD-Light, one circuit can also be designated as a standby, failover connection and use LTE or Starlink to provide wireless access in addition to hardwired connections.
- Turnium SD-WAN is full throttle SD-WAN. It includes all SD-Light features plus unlimited circuit aggregation and private wide area networking (PWAN). SD-WAN enables MSPs to create and manage private, secure, encrypted networks for their customers easily through Turnium’s no-code software platform. MSPs can include cloud locations in the private network, so their VoIP, UCaaS or CCaaS platforms are on-net for each customer location.
About Turnium Technology Group, Inc.
Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service provided by Turnium. Both Turnium SD-WAN offerings are available through a channel partner program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.
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.
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.
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.
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