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Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

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Share Price: 2.45
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Change: -0.05 (-2.00%)
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Tern puts another £2m into Device Authority

Wed, 19th Oct 2016 13:03

(ShareCast News) - Cloud and internet of things specialist Tern announced on Wednesday that it has invested £2m in Device Authority, as the lead investor in a £2.5m funding round.The AIM-traded firm described Device Authority as a "global leader" in policy and device-driven security for the internet of things.It said Alsop Louie Partners and all existing A Preference shareholders took up their pro-rata share.Following this fund raising Tern now owns 56.9% of the issued capital of Device Authority and 50.6% of the A preference shares.The funding will be used to expand Device Authority's sales and marketing teams to respond to their new and growing go to market partnerships and to meet the increased demand in the Industrial and Healthcare IoT markets.Device Authority will also expand its development team to accelerate product development and innovation in its recently launched KeyScaler IoT security platform, Tern explained."Over recent months we have been delighted to sign up new partnerships with Intel, Dell, DigiCert and Cumulocity, all of which are highlighting that IoT security is becoming a bigger concern and one that needs to be addressed now," said Device Authority CEO Darron Antill."We are seeing an increase in partners and customers who are making this a critical part of the planning and development phase of a product, rather than an afterthought."
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17 Feb 2017 11:37

Tern swings to FY pre-tax profit as investment value soars

(ShareCast News) - Shares in Tern are up more than 6% as it swung to an annual pre-tax profit in 2016 -- helped by a handsome uptick in the fair value of investments -- in what it described as a "pivotal" year. Pre-tax profit was £5.3m, from a loss of £185,121. Tern also recorded a £5.8m rise in the

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15 Feb 2017 12:07

Tern's stake in investee company Device Authority reduced

(ShareCast News) - Shares in Tern are down more than 1% after its stake in investee company Device Authority Ltd was reduced as a non-executive director in that firm subscribed for preference shares. Device Authority non-executive director George Samenuk, former McAfee chairman and CEO, subscribed £

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7 Sep 2016 14:37

Tern's Device Authority partners with DigiCert

(ShareCast News) - Cloud and Internet of Things (IoT) specialist company Tern announced on Wednesday that its subsidiary, Device Authority, has entered a strategic partnership with DigiCert, a global provider of trusted identity and authentication solutions, to provide enhanced device provisioning a

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21 Jul 2016 14:27

Tern makes progress with Flexiant debtors

(ShareCast News) - Cloud and mobile sector investment company Tern announced on Thursday that the two business units acquired from Flexiant Limited for £0.075m are well advanced. In a short update, the firm said both units had significant changes being implemented to improve performance. "Trading h

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19 Jul 2016 10:01

Tern Raises GBP525,000 In Share Placing (ALLISS)

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27 Jun 2016 10:43

Tern Shares Says Device Authority Expands And Secures Recognition

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24 Jun 2016 13:31

Tern acquires Flexiant business divisions

(ShareCast News) - Cloud and mobile sector investing company Tern announced on Friday that it has successfully completed the acquisition of the assets and businesses of the Research and Multi Cloud Management divisions of Flexiant. The AIM-traded firm said it partnered with Flexiscale Technology, wh

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9 Jun 2016 16:06

Tern celebrates success at Device authority

(ShareCast News) - Tern was celebrating success at one of its investee companies on Thursday, with policy and device driven security firm Device Authority named the UK's Most Innovative Small Cyber Security Company by techUK's Cyber Connect programme and the Department for Culture, Media and Sport.

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9 Jun 2016 08:32

Tern Says Flexiant Deal Will Not Proceed As Planned But Still In Talks

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26 May 2016 08:23

Tern Acquires Cloud Software Firm Flexiant In Shares (ALLISS)

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21 Apr 2016 07:42

Tern's Cryptosoft To Become Device Authority Following Acquisition

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1 Mar 2016 10:38

Tern Says Cryptosoft Teams Up With Symantec For Encryption Services

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19 Feb 2016 08:01

Tern Raises GBP1.1 Million To Invest In Existing Portfolio (ALLISS)

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9 Feb 2016 09:54

Tern Says Cryptosoft Hires Dan McDuffie As Board Advisor

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