Osirium Technologies PLC Contract win
06 June 2019 - 4:01PM
RNS Non-Regulatory
TIDMOSI
Osirium Technologies PLC
06 June 2019
6 June 2019
Osirium Technologies plc
("Osirium" or "Group")
Contract win with an overseas telecoms services provider
Osirium Technologies plc (AIM: OSI.L), a leading vendor of
cloud-based cybersecurity software, is pleased to announce a
contract win with a major provider of business and domestic
telecoms services in Southern Europe. The contract, which is with a
new customer, will run over three years covering software and
professional services.
The Group has selected Osirium to deliver its full PxM platform
offering Privileged Account Management, Privileged Task Management,
Privileged Session Management and Privileged Behaviour Management
modules and associated consultancy services. This initial phase of
the project will support 250 devices.
Operational issues driving the project centre on domain access
control, securing external access to privileged accounts for third
parties and vendors, and secure network access across the
customer's infrastructure. The focus of the project is to ensure a
correct and tightly controlled level of access privilege, and
remove the risk of core assets being compromised by loose access
controls. In addition, Osirium's task automation capabilities were
seen as a key differentiator.
David Guyatt, Chief Executive Officer, commented: "We are
delighted to have been awarded the contract. It again demonstrates
Osirium's ability, not just in the UK but overseas as well, to
address a wide range of operational challenges that are fundamental
to customer security, while also illustrating the range and depth
of our professional services expertise."
- 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
Henry Wilkinson Tel: +44 (0)7951 402 336
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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END
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