Announcement
Osirium Technologies : Contract win
RNS Number : 2857X
Osirium Technologies PLC
23 November 2017
For immediate release
23 November 2017
Osirium Technologies plc
("Osirium" or "Group")
Contract win with a leading law firm
Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce that a leading law firm has signed a contract for a minimum of twelve months.
The customer is one of the leading providers of legal and claim-handling services to the UK general insurance sector, with offices in Manchester, Cardiff, Liverpool, London, Sheffield and Southampton.
Under the terms of the contract, Osirium will deliver its full PxM product offering of Privileged Account Management and Privileged Session Management modules and associated consultancy services.
David Guyatt, Chief Executive Officer, commented: "We are delighted to secure this new customer in the legal sector and a further 'land and expand' licensing deployment. Under FCA guidelines, it is good practice to implement 'powerful' administrator passwords and additional controls. They wanted their customers to be supported by robust processes and powerful IT and business intelligence services to deliver high-quality handling. Our PxM technology has enabled them to ensure these security systems are in place."
- Ends -
For further information:
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Osirium Technologies plc |
Tel: +44 (0) 118 324 2444 |
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David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer
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Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) |
Tel: +44 (0) 20 7710 7600 |
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Fred Walsh / Neil Shah / Ben Maddison
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Yellow Jersey PR (Financial PR) Sarah Hollins |
Tel: +44 (0) 7764 947137 |
Notes to Editors:
About Osirium
Osirium Technologies plc (AIM: OSI.L), is a UK headquartered cyber-security Software-as-a-Service ("SaaS") provider. Osirium protects critical IT assets, infrastructures and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.
Osirium has defined and delivered what the Directors view as the next generation PAM (Privileged Access Management) solution. The team has developed the concept of Virtual Air Gap to separate users from passwords, with Osirium's Privileged Task Management module further strengthening Privileged Account security and delivering impressive return on investment benefits for customers.
Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to AIM in April 2016. For further information please visit www.osirium.com
This information is provided by RNS
The company news service from the London Stock Exchange
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