Tern Plc : New Investment

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

New investment

Tern Plc (Tern), the investment company specialising in the cloud and mobile sectors, is pleased to announce that it has invested £50,000 in Seal Software Ltd ("Seal") for < 0.5% of the equity.

Seal specialises in writing software which performs complex analysis of contractual data. Seal Software is specifically designed to locate contractual documents and extract and present key contractual information related to language, clauses, clause combinations, and the key contextual metadata held within them.

Seal Software interfaces with Salesforce.com's CRM products to allow contract discovery and contractual information to be obtained in Salesforce.  Also, Seal provides a portfolio of professional consulting and implementation services that enable customers to maximise the benefits of Seal Software.

Clients include IBM, Lexis Nexis, Thomson Reuters, Old Mutual, Deutsche Bank, Centrica and many other multi-national organisations.

Al Sisto, Director of Tern plc, said "We believe this technology can be deployed in new markets and significantly improve the analysis of big data sets."

Enquiries:

Tern plc	Tel: [phone]
Angus Forrest
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams
Redleaf Polhill	Tel: [phone]
Charlie Geller

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.

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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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