Tern Plc : Announcement re: Device Authority Award

9 June 2016

Tern Plc

Device Authority Ltd wins Award

The directors of Tern Plc are delighted to report that Device Authority Ltd, the global leader in policy and device-driven security for the Internet of Things (IoT), has been named by techUK's Cyber Connect programme and the Department for Culture, Media & Sport as the UK's Most Innovative Small Cyber Security Company, following a pitch in front of a live audience at this year's InfoSecurity Europe.

The Award was chosen by a panel of industry experts, chaired by Dr Alison Vincent, CTO UK and Ireland at Cisco.

Samantha Sanderson, UK's SME Cyber Security Champion, Cyber Connect Lead, said: "The competition is a great demonstration of the innovation taking place in the UK's cyber security industry. We would like to thank all of our participants, sponsors and supporters, and congratulate Device Authority on their success."

Digital Economy Minister Ed Vaizey said: "The Government is committed to supporting the UK cyber security industry and I congratulate Device Authority on being named the UK's most innovative small cyber company 2016. The UK is a world-leading digital economy and Government has made cyber security a top priority, investing £1.9 billion in cyber over the next five years."

"We are excited to have won this award and to showcase our IoT security solutions at InfoSecurity Europe 2016.  We are confident our mission to enable customers to unlock the power of the Internet of Things (IoT) in a secure and safe manner will prevail among the enterprise security industry. We are here to help when organisations begin their move into the IoT", said Remco Postma, VP Sales of Device Authority, who did the final pitch on the Keynote stage at InfoSecurity Europe.



Tern plc Tel: 07973 561 232
Angus Forrest
WH Ireland NOMAD and Broker Tel: 0117 945 3471
John Wakefield / Ed Allsopp
Peterhouse  Corporate  Finance  (Joint broker) Tel: 020 7469 0936
Lucy Williams / Duncan Vasey

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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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