13 March 2018
Tern Plc (the "Company", or the "Group")
Update on Strategic Partnership
Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that Device Authority ("DA"), the IoT security business in which Tern has a 56.8% shareholding, has today confirmed that Larsen & Toubro Infotech Limited ("LTI") is the party with whom DA entered into a strategic partnership and which was referred to in Tern's Portfolio Update announcement of 24 January 2018.
LTI (NSE:LTI) is a global technology consulting and digital solutions company with over 250 clients, for which DA will provide security solutions for LTI enterprise customers, pivoting towards IoT.
To view the DA announcement, please follow this link: http://info.deviceauthority.com/lti-strategic-partnership
Tern CEO, Al Sisto said:
"We are pleased to finally reveal the identity of DA's strategic partner, which represents a significant digital solutions player. DA's KeyScaler product continues to gain traction with blue chip brands due to its ability to deliver trust, control and compliance for Chief Information Security Officers."
- End -
Enquiries
Tern Plc
Al Sisto/Sarah Payne
|
via Redleaf Communications
|
WH Ireland
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
|
Tel: 0117 945 3470
|
Whitman Howard
(Joint broker)
Nick Lovering/Francis North
|
Tel: 020 7659 1234
|
Redleaf Communications
Elisabeth Cowell/Fiona Norman
|
Tel: 020 3757 6880
|