Announcement
Osirium Technologies : Contract win
RNS Number : 6973P
Osirium Technologies PLC
12 February 2019
For immediate release
12 February 2019
Osirium Technologies plc
("Osirium" or "Group")
Contract win with major UK provider of software and IT services
Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a major UK provider of software and IT services to the public sector.
Under the terms of the contract Osirium will deliver its full PxM Platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. The license is initially for 250 devices of the three modules and is set to run for 12 months.
The Osirium platform will enable the customer to develop secure, managed services with tight controls over access to systems, as well as detailed reporting.
David Guyatt, Chief Executive Officer, commented: "Osirium is delighted to have been awarded this contract against competitive offerings and we look forward to working with the customer as a strategic partnership. This win is evidence of how effective, secure service provision is becoming an important driver for the Privileged Acccess Management marketplace, and how Osirium uniquely addresses these challenges.
Three factors stand out. Osirium's Task Automation allows the customer to transform how they securely manage an ever increasing volume of repeated, routine but essential tasks. Our licensing model makes it simple for them to scale and grow their secure services business without constraint. Finally, the flexibility and ease of use of the Osirium platform allow them to operate, manage and report on a wide and diverse range of environments."
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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 / Alex Price
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Yellow Jersey PR (Financial PR) Sarah Hollins Henry Wilkinson |
Tel: +44 (0)7764 947 137 Tel: +44 (0)7951 402 336
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Notes to Editors:
About Osirium
Osirium Technologies plc (AIM: OSI.L) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Management ("PAM") software. Osirium's cloud-based products protect critical IT assets, infrastructure 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 solution. The team has developed the concept of a Virtual Air Gap to separate users from passwords. Built on Robotic Automation technology, Osirium's Privileged Task Management module further strengthens Privileged Account security by minimising the cyber-attack surface and delivering an 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
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