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."
Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that Device Authority Limited ("DA"), a global leader in identity and access management for the IoT, has been accepted into the Venafi Machine Identity and Protection Development Fund, a US$12.5 million initiative to protect all machine identities, established by Venafi, a leading provider of machine identity protection.
Further to the announcement on 26 September 2019 that Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), will host a shareholder conference call with accompanying presentation slides at 10:30 a.m. GMT on Monday 14 October 2019, the Company provides further details of that call.