Victory Square Technologies Inc (VSQTF)

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Here is another interesting company in VST’s portfolio :)

Victory Square Technologies Portfolio Company Turnium Technology Group Announces Onboarding of its SD-WAN Edge Solution to IBM Cloud for Telecommunications
Turnium Technology Group featured in the “READY TO ROCKET” list of BC based technology companies poised for substantial growth
VANCOUVER, British Columbia, August 25, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square'' or the "Company") (CSE:VST) (OTC:VSQTF)(FWB:6F6) is pleased to announce that its portfolio company Turnium Technology Group Inc. (“Turnium” or “TTGI”) is collaborating with IBM to onboard its cloud-native SD-WAN edge solution to IBM Cloud for Telecommunications.

Turnium’s solution is designed to help connect customers, applications and devices by creating a new cloud extension service that helps customers to interconnect their offices, vehicles, and devices sites with IBM Cloud in a single private international network. This brings Turnium closer to realizing its vision to Connect Everything, Anywhere.

Turnium’s containerized SD-WAN edge solution is designed to simplify the process of adding and managing edge devices, and Turnium’s performance and scalability is designed to make it cost effective for enterprises to extend private SD-WAN networking to all sites using broadband, fixed wireless, LTE/4G, 5G, or fibre. Environments including bare metal, virtual machines, or container environments like RedHat OpenShift, OKD, nspawn, and various Linux(R) operating system distributions are available.

Turnium’s SD-WAN edge solution on the IBM Cloud for Telecommunications can help service providers and enterprises to leverage IBM’s open hybrid cloud platform from any site, branch office, vehicle, or IoT device cluster globally, to deploy connected edge cloud services in the cloud or IT environment they prefer. The IBM Cloud for Telecommunications, with IBM Cloud Satellite for on-premises deployments and leveraging Red Hat OpenShift, is also architected to help them address their industry-specific regulatory and security requirements.

Johan Arnet, CEO at TTGI said “we believe that onboarding our software-only, flexible SD-WAN solution to the IBM Cloud for Telecommunications, can create a cloud extension solution for telecoms, service providers, and customers. Our goal is to connect existing networks and reach every location, every branch, every device, and every cloud, including IBM Cloud, with a single network. With our technology in place, delivering and managing the customer experience of hybrid-multi-network and hybrid-multi-cloud applications can become achievable.”

Gartner forecasts the global SD-WAN market to reach $34.9B USD by 2022 based on the cost-savings and performance increases companies gain by moving from traditional telecommunications-based MPLS services to Internet-based SD-WAN. Turnium provides the technology, infrastructure and services that are designed for Enterprise customers to address savings and performance.

Last month Turnium announced that once again it was listed on the important “Ready to Rocket” list for 2021 (https://venturelabs.ca/announcing-2021-ready-to-rocket-list/). Published for the last 19 years, by Vancouver-based Rocket Builders, the list profiles British Columbia technology companies that are best positioned to capitalize on technology sector trends and experience faster growth than their peers.

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On behalf of the Board of Directors,