Statement re Cryptosoft strategic partnership w...

Tern Plc
("the Company" or "Tern")

Cryptosoft announces new strategic partnership

Tern Plc, the AIM quoted technology investor specialising in the cloud and mobile sectors, is pleased to provide an update on its data security company Cryptosoft Ltd ("Cryptosoft").

Cryptosoft,  a leader in policy driven data authentication and encryption services for connected Internet of Things ("IoT") and Machine-to-Machine ("M2M") devices, announces it has signed a strategic partnership with Device Authority Inc.

Cryptosoft will offer Device Authority's D-FACTOR(TM) M2M authentication to provide device-based security and device-derived cryptography for its IoT data security technology platform. This integration with Device Authority technology further strengthens Cryptosoft's offering of IoT native data centric security methods to the marketplace.

"Through this partnership we have a unique opportunity to offer a scalable, certificate-less, data centric approach to securing information assets at a data level within the IoT ecosystem. What truly sets us apart here is our ability to deliver this without the use of a traditional Public Key Infrastructure ("PKI").", says Jon Penney, Cryptosoft CTO and founder.

"We are very excited about our partnership with Cryptosoft. By using D-FACTOR(TM) device-authentication, Cryptosoft can deliver scalable, advanced security for its IoT data encryption service", said Talbot Harty, CEO of Device Authority.

The partnership with Cryptosoft advances Device Authority's market strategy to partner with leading IoT gateway and platform solution providers to provide device-driven trust and scalable security for the Internet of Things.

Enquiries:

Tern plc
Al Sisto	Tel. US [phone]
Cryptosoft Limited Darron Antill CEO	Tel. [phone]
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield
Peterhouse Corporate Finance (Joint broker)	Tel. [phone]
Lucy Williams / Duncan Vasey

About Cryptosoft

Cryptosoft is building trust in the IoT and M2M by simplifying the processes that a user needs for a robust, scalable and easy to use encryption service. The Cryptosoft platform provides users with the capability to secure their most important asset: their data, as it moves from device to device and in storage.

Cryptosoft's distributed agent architecture dramatically simplifies and reduces the costs associated with solving data security challenges.  Cryptosoft directly addresses the challenge of securing information within an increasingly connected world to ensure integrity, privacy and compliance.  This is done without disrupting existing workflows or re-coding existing applications using a standards based platform that delivers immediate value. (www.cryptosoft.com)

About DeviceAuthority, Inc.

As an industry recognized leader in cyber security, Device Authority delivers device-based trust for the Internet of Things.

IoT devices are quickly becoming the next wave of "users" to the authentication and access paradigm. Leveraging patented M2M authentication technology, Device Authority's D-FACTOR(TM) authentication engine definitively identifies devices to establish trust between endpoints, gateways and applications.  For IoT, D-FACTOR(TM) eliminates the vulnerabilities and inefficiencies of static keys and certificates by transforming devices into dynamic keys for authentication and device-derived crypto applications.

Use D-FACTOR(TM) to build a trusted network of authorized devices for secure, mission-critical IoT applications.  For more information, www.deviceauthority.com

About Tern

Tern Plc acquires and invests in privately owned companies with their own IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to create value by improving the business model, accelerating growth, expanding the business globally, and identifying exit opportunities. (www.ternplc.com)

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Tern Plc via Globenewswire

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