hybrid cloud

eResearch has initiated coverage on Turnium Technology Group (TTGI), a Canadian IT solutions company focused on delivering secure, scalable Technology-as-a-Service (TaaS) offerings to SMEs via global channel partners. TTGI operates through three integrated solution groups TNSI, Tenacious Networks (TNET), and Claratti. The report covers its evolving business model, recent financial results, and valuation framework. With multi-year SME contracts and a growing recurring revenue base, TTGI is positioned for margin expansion and international growth. Our 61-page report includes a detailed financial valuation and an investment thesis. We are initiating coverage with a Speculative Buy rating and a $0.25 target. [more]

CrowdStrike (NASDAQ: CRWD) is acquiring Adaptive Shield, a SaaS security provider, as part of the rapidly evolving cybersecurity landscape. The deal enhances CrowdStrike’s Falcon® platform, addressing identity-based threats across hybrid cloud environments. With cloud exploitation threats up 110% in 2023, this acquisition underscores the industry’s push for comprehensive security solutions. CrowdStrike joins other notable deals in 2024, including CyberArk, Fortinet, and Sophos, in driving industry consolidation. The Adaptive Shield acquisition is expected to close in CrowdStrike’s fiscal Q4, delivering end-to-end SaaS security and expanding its platform’s capabilities to combat rising threats. [more]