Tern Plc: Update on investments

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

Update on investments

New Investment in Push Technology Ltd

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

Push specialises in secure real-time distribution of data to web and mobile applications on any smartphone, tablet, computer or similar device. It enables businesses to deliver engaging, real-time marketing information to customers via a range of devices. It works with organisations in the e-gaming, financial services, telecommunications, media and broadcast and transportation sectors to optimise data, mobile application performance, web scale and data acceleration.

Clients include Betfair, Betdaq, Compliant Phones, Lloyds Bank, Oddschecker, Racing Post, Sportingbet, Tradition and William Hill.

Angus Forrest, Chairman of Tern plc, said "We believe demand for Push Technology's products will rise in line with the demand for internet bandwidth and the requirement for time sensitive data. Its technology will be increasingly licensed for incorporation in other products."

Update on investment in Flexiant Ltd

In November 2013, Tern invested £100,000 for a 1% equity interest in Flexiant Limited ("Flexiant"). Tern notes that Flexiant recently acquired Tapp Technology. Tapp Technology is a multi-cloud management business which allows users to manage the outsourcing of server infrastructure to the cloud.  The Board of Tern believes multi-cloud management will open new markets for Flexiant by combining Tapp's technology with its own products to deliver services to large organisations.

Flexiant has also launched an integrated version of Flexiant Cloud Orchestrator with Parallels Cloud Server Virtualisation. This is the first cloud orchestration and management product combined with container-based operating system virtualisation.  This product allows service providers and hosters to launch Infrastructure as a Service (IaaS) in days and capture a share of the rapidly growing cloud market.

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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Source: Tern Plc via Globenewswire

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