13th Mar 2018 06:02
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 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
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| ISIN: | GB00BFPMV798 |
| Category Code: | MSCH |
| TIDM: | TERN |
| Sequence No.: | 5290 |
| End of Announcement | EQS News Service |
663093 13-March-2018
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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