Turnium Technology Group, a Canadian company specialising in Technology-as-a-Service (TaaS) and partner enablement services, has entered into a non-binding Letter of Intent to acquire all the assets of Insentra Holdings Pty Ltd and certain affiliated entities in the USA and UK (collectively, 'Insentra').
Headquartered in Sydney, Insentra is a channel-only business specialises in providing advisory, professional, AI and managed IT services and solutions to businesses by exclusively partnering with IT providers.
The purchase price was C$5,728,344 (AU$6,264,975).
“The Insentra acquisition is complementary to our growth strategy and our Technology as a Service offering, which management expects could potentially triple the size of our business assuming market conditions remain favourable and all milestones and performance targets are achieved," Doug Childress, global CEO of Turnium, said.
"Both Turnium and Insentra sell to end customers through a channel-led business model, which, combined, will deliver over 280 worldwide partners. With the closing of the Transaction, Insentra is expected to provide increased revenues, increased technical and operational resources and a strong leadership team to help facilitate Turnium achieving its long-term revenue objectives.”
Ronnie Altit, one of the founders and the CEO of Insentra, said the transaction enhances the opportunities available to the company's partners and their clients by providing access to a broader suite of services.
"Turnium’s channel approach, combined with its Technology as a Service offering and our channel-only DNA, creates a powerful platform that will unlock meaningful opportunities across our global ecosystem," he said.
Provided that the transaction closes prior to December 31, 2025, for the fiscal year ended September 30, 2026, management of Turnium projects C$24M to C$26M in revenue, with an expected gross margin in the range of 38% to 41% and an adjusted EBITDA in the range of C$2.4M to C$3.0M.
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