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Major share price risers and fallers in London at 4pm
Company
LON:TERN
Tern Plc. is an AIM-quoted investment company focussed on the fast changing IT sector. It aims to get value from proven IT businesses in order to maximise shareholder value. It does this by: Identifying businesses with proven technology and customers Making controlling Investments in businesses that Tern works with to rapidly commercialise sales into markets such as the US Acting as a catalyst to transform the businesses by inputting management skills, expertise and contacts as well as funds Key focus on Internet of Things (IoT), cloud and mobile technologies
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Major share price risers and fallers in London at 4pm
Most of the money (£2mln) has been earmarked for Device Authority Ltd, an internet of things security specialist
Hardware & electrical equipment
Former executive director Al Sisto will now take charge of day-to-day operations with immediate effect
Hardware & electrical equipment
The technology will be used with the remote management of industrial machinery and has a minimum value of US$300,000 and there is an expected uptake over the life of the contract.
Metal Tiger is going into business in Saudi Arabia, CloudTag has raised half a million, and Tern receives partners with Dell.
"We are excited about this key partnership with Dell," said Device Authority chief executive Darron Antill.
Daily round up of the day's news headlines from Proactive Investors.
The market appears to have been been catching on as well in recent weeks.
A look at some of today’s significant movers in London
Hardware & electrical equipment
The partnership will expand the range and type of IoT devices that can be secured
Dr Sam Malafeh, the new deputy chief executive officer of AEC Education, has subscribed for £200,000 of shares at 5p each.
Cello reports "noticeable impact" from Brexit, Tern reports a big jump in total assets, and Green Dragon has a production boost in China.
Hardware & electrical equipment
Device Authority was bought by the firm's cyber encryption specialist Cryptosoft in April
Hardware & electrical equipment
The investment group bought the two business units from Flexiant Limited last month for £75,000
Hardware & electrical equipment
Internet-of-Things security specialist Device Authority will be among the beneficiaries of investment.
Deltex sings up two new US accounts, W Resources unveils its maiden resource estimate for the São Martinho Gold Deposit, while Cloudtag gets some major retailers on board.
Hardware & electrical equipment
Tern said that the conditions of the deal had not been met
Xtract Resources sells its Manic gold project, Westminster Group receives a letter of intenet from a Middle East airport and Tern is to buy a cloud management software provider.