31 January 2017
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
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."
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
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
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
Symantec http://www.symantec.com/ and Intel
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
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.