Tern Plc : Re Agreement

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, the leader in policy driven data authentication and encryption services for connected Internet of Things ("IoT") and Machine to Machine ("M2M") devices, announces it has joined the PTC ThingWorx partner ecosystem as a ThingWorx Ready(TM) partner.

As a ThingWorx Ready partner, Cryptosoft delivers a simplified approach for securing the data payloads within ThingWorx driven IoT information flows.  The integration enables customers to utilise the Cryptosoft platform to enable policy based data centric encryption and device authentication for every connected device in IoT applications built using the ThingWorx® IoT Platform.

With the ever-growing number of smart, connected products and sensors, the true potential of IoT lies in integrating people, systems and things, and developing new innovative applications that disrupt the way industries work. ThingWorx, the leading rapid application development platform for the IoT, is the first platform designed to build and run the applications of the connected world.

Cryptosoft is the only partner that offers a data centric layer of security to the ThingWorx platform. 

Darron Antill, CEO, Crytosoft explains: "Customers in regulated industries or handling high value data will now have access to Cryptosoft security technology enabling them to embrace the potential benefits of IoT whilst preserving integrity, privacy, improving security compliance and reducing risk. The Cryptosoft solution will provide ThingWorx customers with the ability to secure their most important asset: their data, as it moves from device to device."

David Canavan, VP Partner Development, ThingWorz, a PTC business, added: "We are happy to welcome Cryptosoft into the ThingWorx Ready(TM) Partner Program. The data security solutions offered by Cryptosoft on a global basis will help ThingWorx customers accelerate the real, tangible benefits of implementing IoT-based solutions."

Enquiries:

Tern plc	Tel: [phone]
Angus Forrest
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)

ThingWorx Ready(TM) Partner Program
The ThingWorx Ready Partner Program allows hardware and software companies to pre-integrate their product with the ThingWorx rapid application development platform, greatly simplifying the creation and deployment of IoT solutions. These companies provide a wide variety of products throughout the entire connected world value chain - from software systems and cloud platforms to smart sensors, devices, gateways and machines. Becoming ThingWorx Ready reduces the cost and risk of Internet of Things deployments for end customers, helping accelerate the growth of the overall space.

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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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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