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21-Apr-2016 07:52 AM

Tern Plc's Cryptosoft acquires Device Authority Inc

Tern Plc investee company Cryptosoft Ltd has acquired the entire share capital of Device Authority Inc, a specialist in authentication software based in California. The acquisition is by way of a share for share exchange, and will be financed by the issu
26-Jan-2016 07:40 AM

Tern Plc more than trebles FY pretax loss

Tern Plc has booked a FY pretax loss of GBP 0.185m, from a prior-year loss of GBP53,695. Revenue improved to GBP0.16m, from GBP41,000. Administration costs were much higher, and there was a share-based payment charge. Executive chairman Angus Forrest sai
20-Jul-2015 02:03 PM

Tern appoints finance director

Tern has appointed Sarah Payne as finance director with effect from 1 September. Payne has over 17 years of experience as a chartered accountant within a variety of successful senior management positions. She worked with Ernst & Young for six years, sp
09-Feb-2015 02:40 PM

Tern loan note repayment extended

Tern has confirmed that repayment of the £30,000 unconverted element of the £200,000 convertible loan notes issued on 16 August 2013 has been extended by a year. The unconverted element of the notes - which was due for repayment on 1 January if not pre
15-Sep-2014 07:52 AM

Tern Plc acquires Cryptosoft Ltd

Tern Plc, the investing company specialising in the cloud and mobile sectors, is delighted to announce the acquisition of Cryptosoft Ltd ("Cryptosoft"), a privately held data security software company. Tern will own 95% of the issued ordinary
20-Aug-2014 07:54 AM

Tern narrows H1 pretax loss

Tern Plc narrowed its H1 pretax loss to £0.09m, from a loss of £0.5m. Revenue was £10,000, from nil. Most of the losses were linked to administrative costs. Story provided by
13-Feb-2014 07:49 AM

Tern Plc swings to FY pretax profit £0.24m

Tern Plc swung to a pretax profit £0.24m, from a loss of £5.02m. It booked nil revenue. The prior year was impacted by a £4.1m loss from subsidiary operations disposed of, against £0.1m in 2013. "Since its formation in August last year we have s
04-Nov-2013 07:47 AM

Tern Plc appoints two new directors

Tern Plc has appointed Michael Clark as a director and Alastair Kerr as a non-executive director. Both appointments are with immediate effect. Story provided by
03-Sep-2013 02:10 PM

Tern resolutions passed at AGM

Tern - the AIM-quoted investment company focused on the fast changing IT sector - has confirmed that all resolutions put to shareholders at today's (3 September) annual general meeting were duly passed. At 2:10pm: (LON:TERN) share price was +0.0
03-Sep-2013 08:17 AM

Tern eyes target companies in search for acquisitions

Tern said a series of primary acquisition targets have initially been identified and management will be focused on concluding a transaction in a swift and an efficient manner. Tern, which was previously Silvermere Energy, said shareholders approved the s

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