Thales and Device Authority officially launch solution to secure the Connected Health industry
Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that Thales' healthcare IoT security solution, developed in conjunction with Tern's portfolio company Device Authority ("DA"), in which Tern has a 56.8% holding, has been officially launched by Thales.
The Company announced on the 22 June 2018 that Thales had commenced preliminary marketing of the healthcare IoT security blueprint, which integrates DA's KeyScaler platform with the Thales nShield Connect hardware security module, and the official launch represents the next step in Thales' sales strategy.
DA is forecasting for the Thales strategic partnership to start to contribute to revenues in 2018.
Tern CEO, Al Sisto, said: "This opens up a new revenue stream to DA in a market which clearly needs protection from cyber-attacks. The use of IoT in the healthcare industry is increasing and therefore I am delighted to see DA and Thales launching this technology to deliver effective protection to patients."
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.