Tern Plc (LON:TERN), the company focused on value creation from Internet of Things (“IoT”) technology businesses, has provided an update on the Company and its portfolio companies.
Portfolio Company Update
Device Authority Limited (“Device Authority”)
Current holding: 53.8%
Convertible loan notes of £0.7 million and short-term loan of £0.1 million
Device Authority is a global leader in Identity and Access Management (IAM) for connected device ecosystems, enabling organisations to achieve ‘Zero Trust’ security at scale. Zero Trust is a security framework requiring all users, whether in or outside the organisation’s network, to be authenticated, authorised, and continuously validated for security configuration and posture before being granted or keeping access to applications and data. Device Authority’s KeyScaler® platform is specifically designed to automate and manage IoT machine identities throughout their entire lifecycle, providing end-to-end device, data, and operational trust.
