Tern Plc

Tern Plc : First Investment

Tern Plc : First Investment

Tern Plc

First Investment

The directors of Tern Plc ('Tern or the Company") are pleased to announce the Company has invested £100,000 in Flexiant Limited for a c.1per cent interest.  Flexiant, the leading international provider of cloud orchestration software, arms service providers with a customisable platform to help service providers, hosters and telcos turn innovative ideas into revenue generating services quickly and easily. Flexiant Cloud Orchestrator is aimed squarely at helping these organisations increase profit, revenue and growth from cloud services.

Over the last year Flexiant's innovation and ability to address business issues has been recognised by many analyst organisations including:

With Flexiant, cloud service providers are armed with the following tools including:

Flexiant helps cloud service providers compete successfully in the cloud sector by arming them with the solution to develop, launch and manage their cloud service business, within days, simply.

Leading service providers have selected Flexiant Cloud Orchestrator as the solution that will deliver the agility they need to quickly respond to market opportunities and satisfy demand.  Customers use Flexiant software in the UK, continental Europe and North and South America.

Flexiant partners with the following leading firms and others:

Angus Forrest chairman of Tern, said "We are delighted to have made an investment in Flexiant which embodies every aspect of the opportunity identified by Tern - good IP developed in the UK, being leveraged and exploited globally through international partnerships."

Tern plcTel: 07973 561 232
Angus Forrest
Danielle Cook,  [email protected]
WH IrelandTel: 0117 945 3471
John Wakefield
Peterhouse Corporate Finance
(Joint broker)
Tel. 020 7469 0935
Jon Levinson / Lucy Williams
Bishopsgate CommunicationsTel. 020 7562 3350
Maxine Barnes/Nick Rome/Sam Allen

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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