Tern makes progress with Flexiant debtors

Cloud and mobile sector investment company Tern announced on Thursday that the two business units acquired from Flexiant Limited for £0.075m are well advanced.

In a short update, the firm said both units had significant changes being implemented to improve performance.

“Trading has recommenced and to date over £0.09m has been collected from debtors,” Tern’s board said in a statement.

“Further updates will be made in due course.”