Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things (“IoT”), is pleased to note today’s announcement from its portfolio company, Device Authority (“DA”), the IoT security business in which Tern has a 56.8% holding.
DA has announced that it has been recognised as the 2018 Emerging Star in the global IoT Security Market by Quadrant Knowledge Solutions, a global advisory and consulting firm, in its recent study titled “Market Outlook IoT Security, 2018-2023, Worldwide”. DA was named in the device identity management segment for its strong technology strategy performance and high industry impact.
Tern CEO, Al Sisto, said:
“We are pleased that DA has been recognised as the 2018 Emerging Star in the global IoT Security Market. Having recently launched KeyScaler as a Service, it’s great to see the recognition DA is receiving within the IoT space.”
About Tern PLC
We work alongside ambitious entrepreneurs in the cloud and Internet of Things (IoT) spaces.
We acquire or invest in companies, which have proven technology, a commercial track record and significant cornerstone customers that can be grown substantially over a three-year period to maximise shareholder value.
We act as a catalyst to transform your business by mentoring you, inputting management skills, sharing expertise and making the right connections; as well as providing capital to facilitate growth.
