Tern PLC Device Authority Agreement with Avnet
22 Fevereiro 2022 - 12:09PM
RNS Non-Regulatory
TIDMTERN
Tern PLC
22 February 2022
REACH
22 February 2022
Tern Plc
("Tern" or the "Company")
Device Authority Agreement with Avnet
Tern Plc (AIM:TERN), the company focused on value creation from
Internet of Things ("IoT") technology businesses, is pleased to
note that Device Authority Limited ( " Device Authority") has
announced that it has entered into an agreement with Avnet, Inc.
("Avnet") to help customers worldwide manage and protect their
connected device infrastructure.
Device Authority's existing relationship with Avnet (Nasdaq:
AVT), a global technology distributor and solutions provider, has
been deepened by the agreement entered into on 22 February 2022 to
help customers worldwide manage and protect their connected device
infrastructure through the combination of their technologies. Under
the agreement, Avnet will integrate Device Authority's KeyScaler
platform into its cloud-based device management platform,
IoTConnect. This integration will allow device makers to secure and
manage the full identity lifecycle of their devices through Avnet's
IoTConnect Platform, which is designed to accelerate and scale IoT
deployments worldwide.
As part of the agreement, Device Authority has joined Avnet's
IoTConnect Partner Program with a shared goal to provide customers
with seamless, industry leading IoT system designs on Avnet's
IoTConnect Platform. Avnet's IoTConnect Partner Program is one part
of Avnet's IoTConnect Solutions Suite.
Commenting, Lou Lutostanski, Vice President of IoT, Avnet, said:
"Many IoT deployments lack built-in security to counter threats, so
our industry-first solution securely manages IoT devices throughout
the entire value chain, from chip manufacturer through
device-makers, and to end customers across multiple sectors.
"By integrating device identity lifecycle management into
Avnet's IoTConnect solution, we're enabling users to manage devices
built on multiple different technologies and platforms through a
single pane of glass. With that visibility and access to key
features such as delivering and managing PKI (Public Key
Infrastructure) certificates all in one platform, our customers can
deploy a sustainable long-term IoT security strategy more
confidently."
Commenting, Darron Antill, CEO, Device Authority, said: "The
proliferation of IoT devices is growing at an accelerating rate.
Device-based security must start with a strong identity and include
recognition of the full lifecycle that those devices will
experience from initial registration to end-of-life. Avnet's global
reach, and the device management capabilities of their IoTConnect
platform combined with our KeyScaler platform brings a new level of
IoT security to our joint customers."
Agreement with BSI
Device Authority's agreement with Avnet follows Device
Authority's recently announced partnership with BSI Group ("BSI"),
the business improvement and standards company, to protect
customers from cyber-attacks by providing trust for IoT devices.
Device Authority's partnership with BSI is designed to extend BSI's
cybersecurity capabilities in EMEA and North America to include
identity access management for IoT for the first time.
The partnership follows BSI's recent renaming of its
Cybersecurity and Information Resilience division (CSIR) to 'BSI
Digital trust' to reflect the evolution of the security and
resilience landscape. Device Authority's work with BSI will enable
them to ensure that their client's connected devices, applications,
and data are protected against potential security threats. The
collaboration will provide organisations with best practice
security solutions to protect and manage IoT devices throughout
their lifetime.
Commenting Al Sisto, CEO of Tern, said :
"I am delighted with the continuing rapid progress that Device
Authority is making. Following the strategic investment from Venafi
in December 2021, we are very pleased to see Device Authority enter
into further partnerships with some of the world's leading IoT
technology companies to help provide significant benefits to their
customers from integrating Device Authority's KeyScaler
platform.
"These relationships will help Device Authority further grow its
monthly recurring revenues through its subscription base and its
modularised licence platform, KeyScaler. Device Authority also
continues to gain industry cybersecurity analyst recognition and we
were delighted to see that ABI Research* recently reported that
they consider Device Authority as the current industry leader in
their IoT device identity lifecycle management competitive
assessment."
*https://www.abiresearch.com/market-research/product/7779608-iot-device-identity-lifecycle-management/
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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