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Tern PLC (TERN)
Tern PLC: Update on DA Strategic Partnership
13-March-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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 [1]
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 via Redleaf Communications
Al Sisto/Sarah Payne
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Francis North
Redleaf Communications Tel: 020 3757 6880
Elisabeth Cowell/Fiona Norman
ISIN: GB00BFPMV798
Category Code: MSCH
TIDM: TERN
Sequence No.: 5290
End of Announcement EQS News Service
663093 13-March-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=839770787812c09f9d43ee9dc4bc7869&application_id=663093&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
March 13, 2018 03:02 ET (07:02 GMT)
