Tern (TERN)

Sector:

IT Services

Index:

FTSE AIM All-Share

9.25p
   
  • Change Today:
      0.13p
  • 52 Week High: 14.75
  • 52 Week Low: 7.13
  • Currency: UK Pounds
  • Shares Issued: 254.32m
  • Volume: 250,981
  • Market Cap: £23.52m

Tern portfolio company scores medical partnership with Wipro

By Duncan Ferris

Date: Tuesday 23 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Tern PLC's shares climbed on Tuesday after its 56.8% owned subsidiary Device Authority (DA) joined a new strategic partnership and joint customer collaboration with IT, consulting and business services specialists Wipro Limited.
The subsidiary, which is a specialist in Internet of Things technology, will work with Wipro to deliver a joint solution for a large multinational healthcare company which is launching a remote patient monitoring service, which will be comprised of a variety of different medical devices connecting and transmitting health data, thus requiring an extra layer of security.

The AIM traded company said that Wipro's worldwide presence, technical capabilities and understanding of Medical/Healthcare customers will provide the partnership with "a robust ability to deliver secure, connected and compliant IoMT solutions."

Al Sisto, chief executive of Tern, said: "This is yet another important milestone for DA's Keyscaler product in establishing itself as the "go to product" for solving the security needs of the connected digital medical products marketplace. This new partnership with Wipro, with its winning together approach, provides DA with an expanded reach to develop additional medical opportunities as well as other Wipro market initiatives that require secure IoT solutions."

Tern's shares were up 0.29% at 8.02p at 1643 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tern Market Data

Currency UK Pounds
Share Price 9.25p
Change Today 0.13p
% Change 1.37 %
52 Week High 14.75
52 Week Low 7.13
Volume 250,981
Shares Issued 254.32m
Market Cap £23.52m

Tern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.07% below the market average6.07% below the market average6.07% below the market average6.07% below the market average6.07% below the market average
34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average
Price Trend
20.37% below the market average20.37% below the market average20.37% below the market average20.37% below the market average20.37% below the market average
8.74% below the sector average8.74% below the sector average8.74% below the sector average8.74% below the sector average8.74% below the sector average
Income Not Available
Growth
4.97% below the market average4.97% below the market average4.97% below the market average4.97% below the market average4.97% below the market average
9.28% below the sector average9.28% below the sector average9.28% below the sector average9.28% below the sector average9.28% below the sector average

Tern Dividends

No dividends found

Trades for 24-Jan-2020

Time Volume / Share Price
09:06 50,000 @ 9.38p
08:45 28,512 @ 9.14p
08:37 17,000 @ 9.38p
08:33 124,469 @ 9.40p
08:25 30,000 @ 9.38p

Tern Key Personnel

Finance Director Sarah Payne

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