CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Reliance Global Group Acquires Oblivus Assets to Enter AI Infrastructure Market

By Public Technologies
  • Reliance Global Group completed its acquisition of Oblivus assets from Skyportal on November 3, 2026, entering the AI cloud infrastructure market.
  • The purchase price includes $3 million paid at closing, with up to $750,000 contingent on revenue milestones over the following 12 months.
  • Cash on hand funded the acquisition; the company remains debt-free.
  • Oblivus generated approximately $1.5 million in revenue in the 12 months ended September 2026, according to the seller's unaudited records.
  • The acquired business will operate under the GPU Exchange brand, with growth plans focused on expanding computing capacity and its GPU marketplace.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Global Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611040830PRIMZONEFULLFEED9869892) on November 04, 2026, and is solely responsible for the information contained therein.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk