Tern (TERN)

Sector:

Financials

Index:

FTSE AIM All-Share

3.50p
   
  • Change Today:
      0.070p
  • 52 Week High: 8.50
  • 52 Week Low: 1.70
  • Currency: UK Pounds
  • Shares Issued: 427.18m
  • Volume: 4,031,639
  • Market Cap: £14.95m

Tern's subsidiary to support Microsoft programme with security platform

By Duncan Ferris

Date: Tuesday 24 Apr 2018

LONDON (ShareCast) - (WebFG News) - Investment company Tern PLC's partially owned subsidiary Device Authority (DA), a business dedicated IoT (Internet of Things) security, will support the Microsoft Azure IoT Hub.
The announcement follows the release of DA's KeyScaler 5.8 platform which allows for identity and access management in IoT products and, when combined with the Microsoft Azure IoT Hub, will allow customers to access life-cycle management features and delegated security management models.

'Internet of things' is the term ascribed the interconnection of computing devices embedded in everyday objects like cars and home appliances, which allows them to send and receive data.

The Keyscaler platform will also allow for the automation of security protocols and "adds the benefits of both functionality and audit, and logging for compliance purposes," according to Tern.

Tern holds a 56.8% interest in IoT security firm DA.

Al Sisto, chief executive of Tern PLC, said: "It is great to see DA supporting Microsoft Azure IoT in such a way to enable a more secure and robust solution. Utilising DA's KeyScaler 5.8 in a way which complements the capabilities of the Microsoft Azure IoT Hub allows both technologies to grow together and improve customer experiences."

As of 1217 BST, Tern PLC's shares were up 19.53% at 15.39p.

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Tern Market Data

Currency UK Pounds
Share Price 3.50p
Change Today 0.070p
% Change 2.04 %
52 Week High 8.50
52 Week Low 1.70
Volume 4,031,639
Shares Issued 427.18m
Market Cap £14.95m

Tern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.46% above the market average37.46% above the market average37.46% above the market average37.46% above the market average37.46% above the market average
14.81% above the sector average14.81% above the sector average14.81% above the sector average14.81% above the sector average14.81% above the sector average
Price Trend
72.12% below the market average72.12% below the market average72.12% below the market average72.12% below the market average72.12% below the market average
70.69% below the sector average70.69% below the sector average70.69% below the sector average70.69% below the sector average70.69% below the sector average
Income Not Available
Growth
28.07% below the market average28.07% below the market average28.07% below the market average28.07% below the market average28.07% below the market average
15.6% below the sector average15.6% below the sector average15.6% below the sector average15.6% below the sector average15.6% below the sector average

Tern Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:18 27,901 @ 3.58p
16:11 10,000 @ 3.58p
15:38 15,391 @ 3.58p
15:30 14,944 @ 3.58p
15:08 25,000 @ 3.50p

Tern Key Personnel

CEO Albert Sisto

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