Tern Plc : Re Agreement

Tern Plc
("the Company" or "Tern")

Cryptosoft announces a new agreement

Tern Plc, the AIM quoted technology investor specialising in the cloud and mobile sectors, is pleased to announce that its investee company, Cryptosoft Ltd ("Cryptosoft"), has signed a strategic partnership agreement with New York based wot.io(TM), the leading data service exchange(TM) for connected device platforms.  

Cryptosoft's data security technology will provide a new, fully integrated data encryption service for wot.io customer data traversing their network.  wot.io is an Independent Software Vendor specialising in IoT.  The agreement provides for revenues generated by the new service to be shared between the companies.

Al Sisto, chairman of Cryptosoft said, "This partnership with wot.io, which will be announced at Mobile World Congress, marks a major advance in Cryptosoft's go to market strategy to offer its security platform through strategic alliances with Independent Software Vendors (ISV's), Mobile Virtual Network Operators (MVNO's) and global Systems Integrators (SI's).  It also spearheads Cryptosoft's penetration of the important North American market".

"Data Security is a critical element that has to be built into every IoT system, which is why we have selected the Cryptosoft platform in our data service exchange," said Tom Gilley, CTO and Founder of wot.io. "At wot.io, we're committed to offering our customers with Enhanced Data Security solutions to protect their valuable information assets."

About Cryptosoft

Cryptosoft(TM) the leading policy driven authentication and encryption services for connected Internet of Things ("IoT") and Machine to Machine ("M2M") devices, provides seamless, simple provisioning of scalable authentication and encryption services to connected machines. It addresses the universal challenge of securing information within an increasingly connected world to ensure integrity, privacy and compliance and adherence to corporate policies. This is achieved using a standards based platform without disrupting existing workflows or re-coding applications. (www.cryptosoft.com)

About wot.io

wot.io offers a data service exchange(TM) for connected device platforms. The company solves the data integration challenge for organizations operating in the (IoT) and (M2M) industries by unlocking data value from disparate connected device platforms.  wot.io partners with connected device platform companies and data service providers to drive business return on investment (ROI) through platform-integrated data retention, device management, data management, analytics, business intelligence and web automation offerings. (www.wot.io) wot.io is ranked number 7 in IoT Nexus' report on the Top 50 IoT companies; and ABI Research's Hot Tech Innovators said "wot.io is probably doing the best of any company offering the 'Internet of Services' for the Internet of Things in a platform fashion... The importance of wot.io is evident as it helps to drive the complexity out of IoT solution creation."

About Tern

Tern Plc invests in technology companies, works to improve execution and seeks to sell them for a gain. We have a hands-on investment approach where we partner with management teams to provide strategic resources that build and grow great global companies. Value creation is at the core of our existence and our successes generating industry leading returns to help investors achieve their goals. (www.ternplc.com)

Enquiries:

Tern plc	Tel: [phone]
Al Sisto
WH Ireland NOMAD and Broker	Tel: [phone]
John Wakefield
Peterhouse Corporate Finance (Joint broker)	Tel. [phone]
Lucy Williams
Redleaf Polhill	Tel. [phone]
Charlie Geller

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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

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