Other Investments

DiffusionData & SVV

“We believe participation in the New SVV Fund is an excellent way to broaden Tern’s exposure to exciting early-stage private UK technology companies”

Sure Valley Ventures UK Software Technology Fund

Tern is a participant in a new venture capital fund, the Sure Valley Ventures UK Software Technology Fund (the “New SVV Fund”) alongside the British Business Bank (the “BBB”) and other investors.

Details of the New SVV Fund

SVVUK is a new UK venture capital fund, investing in cutting-edge software companies that are at the forefront of immersive technology and metaverse innovation. With a focus on augmented and virtual reality, artificial intelligence, the IoT and security, SVVUK’s portfolio companies are poised to transform the digital landscape.

Commenting Al Sisto, CEO of Tern, said:

“We believe participation in the New SVV Fund is an excellent way to broaden Tern’s exposure to exciting early-stage private UK technology companies with a modest capital commitment, whilst delivering a number of other potentially significant benefits to Tern and its shareholders. In addition to the attractive financial returns we envisage from our participation, we believe that it will provide important technology insights, assist with business development and increase our network, thereby significantly enhancing the Tern ecosystem.”

 

DiffusionData Limited

Previously Push Technology, the company was founded in 2006 with offices in London and Silicon Valley. DiffusionData is a pioneer and the leader in Enterprise-grade, real-time data streaming and messaging for mission-critical business applications worldwide. The Diffusion product suite comprises Diffusion for on-premises applications and Diffusion Cloud for virtual applications that reside in either the public cloud or in a private corporate cloud. It can also run across hybrid environments.

DiffusionData significantly enhances the ability of organisations to communicate in real-time. This includes direct communication as well as indirect, for example, by refreshing data displayed information in real-time rather than when a user explicitly asks for an update. Interactive applications are infinitely more engaging, updating in real-time as new data becomes available.

Tern took a minority stake in 2014.

 

DiffusionData Limited &
Sure Valley Ventures UK Software Technology Fund