Technology
Tern plc
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Company Description
Tern is an AIM-quoted venture capital investment company that invests in a focused portfolio of unlisted technology companies specialising in the Internet of Things (IoT) - the network of physical devices that connect and exchange data over the internet. As well as funding, Tern provides strategic and operational support to investee companies and can draw upon its extensive network of influential, market-leading contacts. Tern specialises in providing UK IoT businesses with access to networks and potential partners in the USA. Tern's portfolio consists of UK-based companies that have global ambitions and potential for rapid growth. These are predominantly software companies that are developing commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.
Investment Summary
Tern offers investors exposure to an increasingly broad range of unlisted Cloud or IoT-related businesses that have been selected for their strong growth potential. Tern management team's very well-connected North American presence acts as a strong incentive for UK businesses to partner with Tern, giving it access to some of the most exciting investment opportunities, and the financial, strategic and operational support provided by Tern should help these businesses to maximise their potential. The growing diversification of Tern's portfolio and the extensive experience of its management team lower the risks associated with investing in early-stage unlisted companies, but portfolio companies are revalued infrequently, meaning Tern's portfolio valuation growth is likely to remain uneven and lag the collective progress of the underlying businesses.
Recent Content
Portfolio update highlights inflexion point
25/01/2023 Tern plc
Tern has announced an update on its portfolio activity. Individual companies are gaining commercial traction, with configuration work […]
Fundraise and commercial traction
08/12/2022 Tern plc
Tern has successfully raised £1.5m (gross) through an issue of 15m subscription shares at 10p per share, a […]
Fundraise to strengthen negotiating position
06/10/2022 Tern plc
Tern has successfully raised £1.6m gross proceeds through an issue of 17.3m subscription shares and 4m retail shares […]
Repeat licencing revenue a highlight of H1 22
23/09/2022 Tern plc
Tern has delivered a solid set of first-half results and further positive developments post-period. The portfolio is at […]
FundamentalVR fundraise at material uplift
11/08/2022 Tern plc
Tern’s portfolio company FundamentalVR, the immersive technology and haptics specialist, has successfully closed the second tranche of its […]
A hybrid VC model to access the IoT opportunity
01/08/2022 Tern plc
Tern recently issued a strategy update following the termination of its proposed acquisition of Pires Investments plc. While […]
Wyld Networks warrants exercised
06/04/2022 Tern plc
Tern has announced that 98.6% of the Wyld Networks AB outstanding TO1 Warrants have been exercised, providing approximately […]
Strong full-year results
17/03/2022 Tern plc
Tern, the AIM-listed specialist in the acquisition and development of Internet of Things (IoT) technology businesses, has delivered […]
Participation in a new venture capital fund
02/03/2022 Tern plc
Tern has agreed to participate in a new venture capital fund, the Sure Valley Ventures UK Software Technology […]
Positive portfolio update
11/02/2022 Tern plc
Tern has announced an update on its portfolio. The update follows recent successful fundraises that are already starting […]
£1.59m Talking Medicines fundraise at material valuation uplift
01/02/2022 Tern plc
Tern’s portfolio company Talking Medicines, the digital health data company, has announced a successful £1.59m fundraise at a […]
Company Management Team
Albert E Sisto
Chief Executive Officer
Al’s an IT industry veteran with more than 25 years senior executive level experience. As Chief Operating Officer at RSA Data Security Inc., the leading security software company, he led its transformation from a passive patent licensing operation to an aggressive, sales oriented software company. At RSA he negotiated partnership agreements with IBM, Intel, Compaq, Cisco and Nortel. Al was Chairman, President and CEO of Phoenix Technologies Ltd, the global BIOS software company. He revitalised Phoenix through the acquisition of Internet appliance business, Ravisent Technologies; investing in semiconductor and microprocessor designer Transmeta and spinning off Silicon Corporation.
Sarah Payne
Chief Financial Officer
Sarah qualified with Ernst & Young as a Chartered Accountant before joining its corporate finance team. She then spent six years with the BBC, firstly within commercial and investment strategy and then as Head of Financial Planning and Analysis. For the seven years before joining Tern PLC, Sarah was an outsourced Finance Director for SME businesses principally within high tech markets.
