RCS - Tern PLC - Device Authority Microsoft & CyberArk Partnership

TernAnnouncement

11/03/2025 07:15

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RNS Number : 0873A  Tern PLC  11 March 2025

REACH - non-regulatory announcement*

 

11 March 2025

 

Tern Plc

 

("Tern" or the "Company")

 

Device Authority partnership with Microsoft and CyberArk

 

Tern Plc (AIM:TERN), the investment company specialising in supporting high
growth, early-stage, disruptive Internet of Things ("IoT") technology
businesses, is pleased to note that Device Authority Limited ("Device
Authority"), a company in which Tern currently holds 25.3% of the equity, has
announced that Microsoft, CyberArk, and Device Authority have joined forces to
deliver a secure IoT solution for manufacturing based on the National
Institute of Standards and Technology ("NIST") latest framework, extracts of
which are set out below.

 

Extracts from the Device Authority announcement:

 

In response to the increasing need for secure IoT infrastructure in the
manufacturing sector, CyberArk, Device Authority, and Microsoft have partnered
to launch a comprehensive solution grounded in the National Institute of
Standards and Technology (NIST) reference architecture for IoT security. This
collaboration is designed to help manufacturers protect their connected
devices from factory floors to edge environments by embedding robust identity
security, access management, and device lifecycle protection.

 

The manufacturing industry is experiencing a digital transformation driven by
the coming together of the Internet of Things (IoT) and Operational Technology
(OT), with countless devices now connected to optimize operations. However,
each connected device introduces new vulnerabilities, making security
paramount. The NIST reference architecture for IoT, introduced in May 2024,
provides a structured approach to secure onboarding, continuous device
management, and threat monitoring across the device lifecycle. However,
translating this framework into practical, scalable solutions requires
collaborative innovation, which Microsoft, CyberArk, and Device Authority aim
to provide through their partnership.

 

Each partner brings essential capabilities to this end-to-end solution
architecture for NIST compliance. Through Azure IoT and Defender for IoT,
Microsoft enables secure, scalable device management and real-time monitoring.
The cloud-edge integration ensures consistent security for devices, even in
remote, air-gapped environments. As a leader in identity security, CyberArk
provides Privileged Access Management (PAM) solutions that restricts
unauthorized human access to critical devices and systems. Finally, Device
Authority, a leader in device identity lifecycle management, automates secure
device onboarding, identity credentialing and encryption, minimizing human
error, accelerating incident response and maintaining data integrity through
the connected ecosystem.

 

Together, these solutions offer manufacturers a secure architecture that
aligns with NIST's guidance, safeguarding IoT devices and data from deployment
to decommissioning.

 

Commenting on the solution, Device Authority CEO Darron Antill, said:
"Manufacturers often face unique security challenges, particularly at the
edge, where devices operate in remote or decentralized locations. Edge
environments introduce added vulnerabilities thanks to high device density,
varying network connectivity and intermittent monitoring but still the need
for real-time decision-making. This complex environment makes a solution that
can operate across widely dispersed devices and locations and help to ensure
device and data security and operational continuity vital.

 

"Our joint solution addresses these challenges by integrating cloud-edge
connectivity, secure identity management, and lifecycle security. This unified
solution enables manufacturers to protect devices from malicious access and
maintain operational resilience, even in the most distributed settings."

 

Brian Carpenter, Senior Director Business Development at CyberArk, added: "The
complexity of the security challenges faced by the Manufacturing Sector in
particular means that no single solution can enable an organization to be
fully compliant with important NIST guidelines and navigating the vendor
ecosystem to create a piecemeal solution is almost impossible.  By joining
forces, we are smoothing the way for people to implement the best practices
that enable NIST compliance from automation of security of operations to
reduce risk and improve scalability, to continuous monitoring and threat
detection and privileged access management across the entire spectrum of
identities."

 

Kaivan Karimi, Global Partner Strategy and OT Cybersecurity Lead, from
Microsoft, concluded: "As connected technologies become more embedded in
manufacturers operations, protecting these devices is critical. This
collaboration between three leading companies in their field provides
manufacturers with a comprehensive approach to their IoT security, directly
aligned with NIST's latest guidelines. With an ecosystem-based security
solution, manufacturers can protect their operations from the factory floor to
the edge, ensuring both regulatory compliance and resilience against cyber
threats."

 

About Device Authority

 

Device Authority is a global leader in Identity and Access Management ("IAM")
for the IoT; focused on the automotive, medical device ("IoMT") and industrial
("IIoT") sectors. Device Authority's KeyScaler™ platform provides zero touch
provisioning and complete automated lifecycle management for securing IoT
devices and data at scale, with frictionless deployment across device
provisioning, authentication, credential management, policy based end-to-end
data security/encryption and secure OTA (over the air) and HSM (hardware
security module) updates. For more information, visit:
https://deviceauthority.com (https://deviceauthority.com)

 

Enquiries

 

 Tern Plc                                                       via IFC Advisory

 Ian Richie, Chairman

 Allenby Capital Limited                                        Tel: 0203 328 5656

 (Nominated Adviser and Broker)

 Alex Brearley / Dan Dearden-Williams (Corporate Finance)

 Kelly Gardiner / Guy McDougall (Sales and Corporate Broking)

 IFC Advisory Limited                                           Tel: 0203 934 6630

 (Financial PR and IR)

 Tim Metcalfe

 Graham Herring

 Florence Staton

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