Developments at Device Authority Ltd

RNS Number : 8314X

Tern PLC

11 May 2016

 

11 May 2016

Tern Plc

Developments at Device Authority Ltd

The directors of Tern Plc are delighted to report that Device Authority Ltd, (formerly Cryptosoft Ltd), a global leader in policy and device-driven security for the Internet of Things (IoT), has announced its inclusion in the list of "Cool Vendors" in the Cloud and Emerging Technology Security 2016  report by Gartner, Inc.

"We consider our inclusion in the Cool Vendor report by Gartner to be confirmation of our mission to enable customers to unlock the power of the Internet of Things (IoT) in a secure and safe manner, and this builds on the inclusion of Device Authority Inc in the 2015 list of  Cool Vendors' Identity and Access Management, 2015  report by Gartner, Inc." said Darron Antill, CEO of Device Authority.  "We continue to innovate while we execute on our product roadmap. With the upcoming launch of Version 4.3 of our IoT security platform, we will deliver a truly revolutionary product that we hope will change the face of the IoT security industry and further enhance our market position."

Device Authority offers an IoT security platform that allows for fast and scalable deployment of their solutions:

•          Authentication and access control

•          Data centric encryption

•          Credential management and provisioning

•          Secure over the air (OTA)/network updates

•          Revenue stream protection

With offices in Fremont California and Bracknell, Device Authority partners with leading IoT ecosystem providers, including ThingWorx and Symantec.

1 Gartner "Cool Vendors in Cloud and Emerging Technology Security 2016" by Andrew Walls, Steve Riley, Earl Perkins, Anmol Singh, Neil MacDonald, Joerg Fritsch, Brian Lowans, 3 May 2016.

2 Gartner, "Cool Vendors in Identity and Access Management, 2015", Ray Wagner, Brian Iverson, Felix Gaehtgens, Gregg Kreizman, Anmol Singh, 22 April 2015.

Enquiries:

Tern plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield / Ed Allsopp
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

Gartner - Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Device Authority

Device Authority is simplifying the security challenges that organisations face when protecting access to services and data for the Internet of Things .  Device Authority's  patented dynamic key generation technology provides a strong, device based trust anchor for automated, scalable IoT identity and secure data delivery.  It solves critical IoT security problems including provisioning and authorisation, device-based access control, software and firmware updates, credential management and data delivery over third party networks and services. (www.deviceauthority.com)

About Tern

Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.  (www.ternplc.com).

 

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