Tern PLC: New Partnership for Device Authority

Non-regulatory announcement

24 June 2019

Tern Plc (the "Company", or the "Group")New Partnership for Device Authority 

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 global leader in Identity and Access Management ("IAM") in which Tern has a 56.8% holding, regarding a new partnership with Tech Mahindra Ltd. ("Tech Mahindra"), a leading provider of digital transformation, consulting and business reengineering services and solutions. 

Through this partnership DA will utilise its IAM and encryption services, offering flexibility for either on premise or in the cloud deployments of innovative identity, authentication and data encryption services to IoT customers. It will primarily be targeting customers in the telecommunications, Industrial and Healthcare sectors. 

Al Sisto, CEO of Tern, said: "We are delighted to announce this partnership between DA and Tech Mahindra. We believe this will provide a good opportunity for DA to deliver solutions across a range of verticals dealing with IoT adoption and security challenges." 

"We are pleased to continue supporting DA as it focuses on building partnerships of this nature." 

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