Share Name Share Symbol Market Type Share ISIN Share Description
Tern LSE:TERN London Ordinary Share GB00BFPMV798 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -5.80% 8.125p 8.00p 8.25p 8.625p 8.125p 8.625p 933,887.00 12:23:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 0.1 5.3 6.4 1.3 9.76

Tern Plc Statement Re Device Authority

31/01/2017 7:01am

UK Regulatory (RNS & others)


 
TIDMTERN 
 
 
   31 January 2017 
 
   Tern Plc 
 
   (AIM: TERN) 
 
   Device Authority appoints George Samenuk 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things , is pleased to provide an update on Device Authority Ltd 
("Device Authority"), one of its investee companies. 
 
   George Samenuk, former Chairman and CEO of McAfee (NYSE: MFE), the 
world's largest dedicated software security business, has joined Device 
Authority's  board as a Non-Executive Director. 
 
   "Device Authority is an exciting company to be a part of, with 
breakthrough security technology, which is going to continue to attract 
new partners and customers in 2017. I am looking forward to working with 
the global team and help them grow and connect with organisations which 
realise the importance of security within the IoT ecosystem," said 
George Samenuk. 
 
   Mr Samenuk has served on the boards of Symbol Technologies (sold to 
Motorola for $3.9 billion) and other privately-owned companies. He also 
spent over twenty years at IBM, holding a variety of executive positions 
and ended his career there as General Manager of the Americas, 
responsible for $45 Billion in revenue. 
 
   "We are delighted to have George join our board," said Albert Sisto, 
Executive Chairman of Device Authority. "He has achieved extraordinary 
success in his career as both an industry executive and as a pioneer in 
the security industry. George's experience of building global businesses 
across both developed and emerging markets will be a tremendous asset as 
we build and expand our business." 
 
   Darron Antill, CEO of Device Authority, commented: "We welcome George's 
knowledge of the technology software industry, particularly the security 
market and his remarkable track record. We are well positioned to enable 
IoT security for the evolving Enterprise and IoT partner ecosystem." 
 
   Enquiries: 
 
 
 
 
 
 
Tern plc                        Tel: 020 3807 022 
 Angus Forrest / Al Sisto 
 
WH Ireland                      Tel: 0117 945 3470 
 (NOMAD and broker) 
Mike Coe / Ed Allsopp 
 
Whitman Howard                  Tel: 020 7659 1234 
 (Joint broker) 
 Nick Lovering / Francis North 
 
 
 
   About Device Authority 
 
   Device Authority provides simple, innovative solutions to address the 
challenges of securing the Internet of Things (IoT). We help our 
customers simplify the process of establishing a robust, end-to-end 
security architecture within the IoT and deliver efficiencies at scale 
through security automation. The KeyScaler(TM) IoT security platform is 
purpose-built to address these challenges through automated device 
provisioning, credential management, secure updates and policy-driven 
data encryption. 
 
   It has offices in Fremont, California and Bracknell, UK, Device 
Authority partners with the leading IoT ecosystem providers, including 
PTC http://www.ptc.com/ , http://www.thingworx.com/ DigiCert 
http://www.digicert.com/ , Dell 
http://www.dell.com/en-us/work/learn/internet-of-things-solutions , 
Symantec http://www.symantec.com/ and Intel 
http://www.intel.com/content/www/us/en/internet-of-things/overview.html 
. 
 
   About Tern: 
 
   Tern Plc acquires and invests in privately owned companies with 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. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 
 
 
 
 

(END) Dow Jones Newswires

January 31, 2017 02:01 ET (07:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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