Osirium Technologies PLC Contract win (5207U)
25 October 2017 - 5:00PM
UK Regulatory
TIDMOSI
RNS Number : 5207U
Osirium Technologies PLC
25 October 2017
25 October 2017
Osirium Technologies plc
("Osirium" or "Group")
Contract win with one of the world's largest insurance
groups
Osirium Technologies plc (AIM: OSI.L), a UK headquartered
cyber-security SaaS provider, is pleased to announce a new customer
win with one of the world's largest insurance groups. The contract
will run over an initial twelve-month term.
The Group has appointed Osirium to deliver its full PxM product
offering of Privileged Account Management, Privileged Task
Management and Privileged Session Management modules and associated
consultancy services. The remit will include implementing Osirium's
PxM product to protect the Group's outsourced IT Helpdesk, core
business systems and devices.
David Guyatt, Chief Executive Officer, commented: "We are
delighted to sign this major new customer which marks Osirium's
first 'land and expand' licensing deployment within the global
insurance sector. They wanted a simple to administer but powerful
system to protect the Group's IT from internal and external
threats. We look forward to working closely with our new partner to
combine cyber security with task automation benefits."
- Ends -
For further information:
Osirium Technologies plc Tel: +44 (0) 118 324
2444
David Guyatt, Chief Executive
Officer
Rupert Hutton, Chief Financial
Officer
www.osirium.com
Stifel Nicolaus Europe Tel: +44 (0) 20 7710
Limited 7600
(Nominated Adviser and
Broker)
Fred Walsh / Neil Shah
/ Ben Maddison
Yellow Jersey PR Tel: +44 (0) 7764 947137
(Financial PR)
Sarah Hollins
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, 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 (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
END
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