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Tern PLC
Tern PLC: Device Authority announces new strategic alliance
15-Apr-2019 / 13:00 GMT/BST
15 April 2019
*Tern Plc (the "Company", or the "Group")*
*Device Authority announces new strategic alliance*
Tern Plc (AIM: TERN), the investment company specialising in the Internet of
Things ("IoT"), is pleased to note today's announcement from Device
Authority ("DA"), the IoT security specialist in which it has a 56.8%
holding, regarding a new strategic alliance with the leading provider of
digital certificates, IdenTrust (part of HID Global) to deliver secure
lifecycle management to the IoT.
DA has previously reported the creation of a compatible service for
IdenTrust, which has now evolved into a strategic reseller partnership. The
combination of DA's KeyScaler platform capabilities and IdenTrust's digital
certificate solutions is intended to provide customers with a complete IoT
security solution that automates compliance, minimises costly manual
intervention and manages risks in a diverse industrial regulatory
marketplace.
IdenTrust's comprehensive identity-based digital certificates deliver
assured individual and trusted identity solutions for financial
institutions, healthcare providers, government agencies and enterprises
around the world. With over five million certificates in active production,
IdenTrust supports over 18 billion validations per year and is the world's
leading digital Certification Authority.
*Al Sisto, CEO of Tern, said*: "This is a very positive development for DA,
which significantly enhances its already impressive IoT security solution
and go-to-market strategy. This alliance with IdenTrust is testament to the
quality of DA's KeyScaler product and further demonstrates the continuing
progress it is making within the IoT security sector. We are confident in
DA's strategy and look forward to announcing future achievements as they
develop."
*Enquiries *
+---------------------------------+--------------------------+
|*Tern Plc* |via Newgate Communications|
|Al Sisto/Sarah Payne | |
+---------------------------------+--------------------------+
|*Allenby Capital* |Tel: 020 3328 5656 |
|(Nomad and joint broker) | |
|David Worlidge/Alex Brearley | |
+---------------------------------+--------------------------+
|*Whitman Howard* |Tel: 020 7659 1234 |
|(Joint broker) | |
|Nick Lovering/Christopher Furness| |
+---------------------------------+--------------------------+
|*Newgate Communications* |Tel: 020 3757 6880 |
|Elisabeth Cowell/Fiona Norman | |
+---------------------------------+--------------------------+
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
799897 15-Apr-2019
(END) Dow Jones Newswires
April 15, 2019 08:00 ET (12:00 GMT)
© 2019 Dow Jones News
