Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) said that its portfolio company Turnium Technology Group Inc (TTGI) is collaborating with IBM to onboard its cloud-native SD-WAN edge solution to IBM Cloud for Telecommunications.
The company said Turnium’s solution is designed to help connect customers, applications and devices by creating a new cloud extension service that helps 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”, it added.
Turnium’s containerized SD-WAN edge solution is designed to simplify the process of adding and managing edge devices, while its 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.
“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,” TTGI CEO Johan Arnet said in a statement.
“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.”
The company noted that, according to Gartner, the global SD-WAN market is forecast to reach US$34.9 billion 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.
Victory Square builds, acquires and invests in promising start-ups, then provides the senior leadership and resources needed for fast-track growth. The company's sweet spot is cutting-edge tech that's shaping the Fourth Industrial Revolution. Its portfolio consists of 28 global next-generation tech companies in key sectors, including the Creator Economy, Digital Health, Gaming, Web 3.0, VR/AR and Green Tech.
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