Tern PLC (TERN) 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. Â 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 |
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End of Announcement | EQS News Service |
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663093Â Â 13-March-2018Â