Osirium Technologies PLC Strategic Technology Partnership with RazorSecure
19 September 2018 - 4:01PM
RNS Non-Regulatory
TIDMOSI
Osirium Technologies PLC
19 September 2018
For immediate release
19 September 2018
Osirium Technologies plc
("Osirium" or "Group")
Osirium and RazorSecure Announce Strategic Technology
Partnership
Osirium Technologies plc (AIM: OSI.L), a leading vendor of
cloud-based cybersecurity software, and RazorSecure, an innovative
provider of machine-learning based endpoint protection for critical
infrastructure systems, today announce a strategic technology
partnership for delivering cybersecurity solutions specifically
designed for the Critical Infrastructure, Transport and Industrial
IOT Markets.
Working together, the companies will combine RazorSecure's
monitoring of activity at the process level with Osirium's security
management of who can access what, when, why and where at the login
and workflow level. This partnership is particularly significant
for markets characterised by systems designed well before
deployment and required to operate for ten years or more,
especially now that cybersecurity has become an increasing priority
and is required under legislation, including the NIS Directive.
RazorSecure and Osirium will make the combined cybersecurity
offering available to customers and channel partners. The
initiative will also be supported by joint sales and marketing
campaigns.
David Guyatt, Chief Executive Officer of Osirium, commented:
"Osirium's role is to secure devices with high strength
passwords and cryptographic credentials, while our robotic task
automation maps identities to organisational roles and their
relevant workflows. By joining forces with RazorSecure we further
build on our existing strengths, making more devices and gateways
available for secure single sign-on as well as enriching its task
delegation capabilities. This RazorSecure Osirium strategic
alliance is certainly a win-win for both organisations."
Alex Cowan, Chief Executive Officer of RazorSecure, added:
"RazorSecure focuses on 'what is normal' and we use machine
learning to identify attacks through anomaly detection. We
implement playbooks that can manage automated responses on systems
that are not always connected. We also manage maintenance
situations, where recordings are made of all changes to systems,
right down to the file and configuration level."
- 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 Limited Tel: +44 (0) 20 7710 7600
(Nominated Adviser and Broker)
Fred Walsh / Neil Shah / Alex Price
Yellow Jersey PR
(Financial PR)
Sarah Hollins Tel: +44 (0)7764 947 137
Abena Affum Tel: +44 (0)7555 159 808
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
About RazorSecure
RazorSecure is an innovative provider of host based endpoint
protection for the transport and critical infrastructure market.
RazorSecure's software uses machine learning to change the
cybersecurity game, building baselines of "normal" for each
protecting system, detecting and responding to attacks in real
time.
Headquartered in Basingstoke, RazorSecure are alumni of the GCHQ
Cyber Accelerator run by Wayra and were a finalist for the UK's
Most Innovative Small Cyber Security Company in 2018. For further
information please visit www.razorsecure.com
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END
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