Announcement
Osirium Technologies : Contract Win
RNS Number : 1944I
Osirium Technologies PLC
26 August 2016
Osirium Technologies plc
("Osirium" or "Group")
Contract win with a leading global asset management company
Osirium Technologies plc (AIM: OSI.L), a UK based cyber-security software provider, is pleased to announce a significant contract win with a leading global asset management company. The asset manager has over £300 billion of assets under management and offices in c.30 countries.
Under the terms of the contract, Osirium will deliver its full product offering of Privileged Account Management, Privileged Task Management and Privileged Session Recorder software modules to 3,000 devices. As part of the contract Osirium will also provide its consultancy services. The contract is expected to deliver a material financial contribution in the current year and will run over a three year term.
David Guyatt, Chief Executive Officer, commented: "We are delighted to sign this major new customer within the financial services sector, which is testament to our position as a trusted and reliable partner to help protect a Company's critical IT assets from cyber-attacks. This is the largest single contract negotiated in the Group's history and Osirium looks forward to working closely with our new partner to combine cyber security with task automation benefits."
For further information:
|
Osirium Technologies plc |
Tel: 44 (0) 118 324 2444 |
|
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer
|
|
|
Panmure Gordon (UK) Limited (Nominated Adviser and Broker) |
Tel: +44 (0) 20 7886 2500 |
|
Fred Walsh / Peter Steel / James Greenwood/ William Wickham - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
|
|
|
Hollins Communications (Financial PR) Sarah Hollins |
Tel: +44 (0) 7764 947137 |
The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTAKPDQCBKDQFB
;