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Tern Plc (TERN)

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Monday 25 November, 2013

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:

  • Named a 2013 Gartner  "Cool Vendor" in Cloud Management; 

  • 451 Group commented ".no enterprise expects its internal IT to grow significantly. Instead, enterprises are turning to service providers for private, hybrid and public cloud-based IT infrastructure. Meeting the needs of these service providers calls for much more than simply spinning up VMs, and thanks to its heritage inside a hosting company, Flexiant is in a position to understand the requirements at first hand. Service providers need to adapt to capture the market opportunity, compete on differentiate services, create new revenue streams and higher-margin offerings, and achieve operational productivity gains. Flexiant's software is designed to help them do all this"; 

  • Info-Tech Research Group named Flexiant 'a Cloud Management Trendsetter ....that is head and shoulders above the alternatives'.   

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

  • Flexible self-service 

  • Powerful user interface 

  • Reseller functionality 

  • Metering and billing 

  • Multi-cluster scalability  

  • Plugin trigger technology for easy integration 

  • Application blueprints 

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:

  • Technology partners include Dell, Microsoft, Parrallels, VMware, Opscode, nexenta  

  • Research partners include BT, SAP, Ericsson, Nokia Siemens Networks, Telefonica  

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."

Enquiries
Tern plcTel: 07973 561 232
Angus Forrest
Flexiant
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

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