Topics: Tern
With most countries now working flat out to bring the community transmission of coronavirus under control, this is now affecting all of us in our personal as well as professional lives. As a firm, we are taking every rational precaution to minimize potential harms to our colleagues, advisors, suppliers, friends and family, and to contribute our effort to a society-wide resistance to the pandemic as best we can and we have shifted to remote working and virtual meetings.
Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things (“IoT”), is pleased to announce that one of its portfolio companies, Seal Software Group Limited (“Seal Software”), has been acquired by DocuSign Inc (“DocuSign”). DocuSign has agreed to acquire Seal Software for a total consideration of $188 million in cash (excluding the value of shares currently owned by DocuSign) subject to potential adjustments and regulatory approval of the sale.