RCS - Tern PLC - Device Authority Strategic Partnership

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RNS Number : 8714D  Tern PLC  12 May 2026

REACH - non-regulatory announcement*

 

12 May 2026

 

Tern Plc

 

("Tern" or the "Company")

 

Device Authority Strategic Partnership with Xalient

 

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 a new strategic partnership with Xalient, a leading provider of
identity‑led cybersecurity services and managed solutions.

 

Extracts from the Device Authority announcement:

 

Device Authority, a global leader in identity and access management ("IAM")
for IoT and Operational Technology ("OT") devices, today announced a new
strategic partnership with Xalient, a leading provider of identity‑led
cybersecurity services and managed solutions.

 

The collaboration will strengthen Xalient's IoT security offering through the
integration of Device Authority's KeyScaler platform, enabling scalable,
automated protection for connected devices across complex enterprise
environments.

 

As organizations accelerate digital transformation and expand their use of
connected devices, securing IoT and OT ecosystems has become increasingly
complex. With billions of devices coming online - many of them unmanaged or
operating in production or operational environments - traditional security
models struggle to provide the visibility, control, and resilience required.

 

At the same time, regulatory and policy pressures are increasing on both sides
of the Atlantic.

 

In the EU, requirements such as the Cyber Resilience Act are raising
expectations for secure‑by‑design connected products, device visibility,
vulnerability management, and compliance reporting. In the U.S., guidance and
regulatory activity from bodies such as CISA, NIST, and sector‑specific
regulators are driving stronger requirements around asset visibility, secure
access, risk governance, and operational resilience.

 

As a result, enterprises are being challenged to adopt automated, 'Zero
Trust'‑aligned approaches that can scale across users, devices, workloads,
and machine identities - without adding unnecessary operational friction.

 

Through this partnership, Xalient will leverage Device Authority's KeyScaler
platform to help customers establish and manage strong device identities
throughout their lifecycle - from secure onboarding and automated credential
provisioning to certificate rotation, decommissioning, and policy‑driven
access control. These capabilities are critical in large‑scale and regulated
environments, where manual processes introduce risk and do not scale.

 

Device Authority's KeyScaler platform is purpose-built to address the unique
challenges of IoT and OT environments, delivering end-to-end lifecycle
automation from device provisioning through to decommissioning. By eliminating
the need for human intervention, organisations can reduce operational
overhead, minimise risk, and ensure compliance with evolving security
frameworks and standards.

 

Delivered as part of Xalient's managed "as‑a‑service" security model, the
joint offering enables customers not only to automate device identity, but to
continuously monitor, analyze, and improve their security posture over time.

 

This approach is supported by MARTINA, Xalient's AIOps platform, which brings
together real‑time telemetry, observability, and analytics across identity,
network, security, and user experience. By providing predictive insights and
reducing alert fatigue, MARTINA helps Xalient and its customers proactively
identify issues, prioritize risk, and maintain visibility as environments and
regulatory expectations evolve.

 

By combining Xalient's expertise in identity‑led security strategy, OT
environments, and managed security services with Device Authority's deep
specialization in machine identity management, the partnership will help
customers move from fragmented point solutions to a more resilient,
continuously governed approach to IoT and OT security.

 

Darron Antill, CEO, Device Authority commented: "Securing IoT and OT
environments requires a fundamentally different approach to traditional IT
security. Through our partnership with Xalient, we are extending the reach of
KeyScaler's automated identity lifecycle management to more organisations,
enabling them to establish strong device identities, automate credential
management, and enforce Zero Trust policies across even the most complex and
distributed environments."

 

David (DJ) Morimanno, Field CTO at Xalient, added: "IoT and OT environments
introduce identity challenges that most organisations are not equipped to
solve with traditional tools or manual processes. This partnership brings
together Device Authority's purpose‑built machine identity automation with
Xalient's experience securing complex, regulated environments. Together, we're
helping customers move from fragmented device security to a scalable, Zero
Trust‑aligned approach that supports resilience, compliance, and long‑term
operational confidence."

 

This collaboration will initially focus on energy and utilities,
manufacturing, healthcare, and critical infrastructure, where the scale,
longevity, and criticality of connected device deployments present the
greatest security and compliance challenges.

 

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

 Jane McCracken (Interim Non-Executive Chair)

 Allenby Capital Limited                            Tel: 0203 328 5656

 (Nominated Adviser and Broker)

 Alex Brearley / Ashur Joseph (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 IFC Advisory                                       Tel: 0203 934 6632

 (Financial PR and IR)

 Tim Metcalfe

 Graham Herring

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