Osirium Technologies PLC Substantial contract win (1983N)
23 September 2019 - 4:00PM
UK Regulatory
TIDMOSI
RNS Number : 1983N
Osirium Technologies PLC
23 September 2019
23 September 2019
Osirium Technologies plc
("Osirium" or "Group")
Substantial 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
significant contract win with a major UK provider of software and
IT services to the public sector. The contract represents a
substantial expansion by this customer of its investment in
Osirium, following an initial order, as announced on 12
February.
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 36
month license is for 2,600 devices, in addition to the 250 devices
covered by the initial order. Osirium's software will enable this
service provider to deliver managed security services to its
customers, principally central government organisations and local
authoriities in the public sector, delivering rigorous control of
access to privileged accounts.
David Guyatt, Chief Executive Officer, commented: "Osirium is
delighted that, within a 9 month period, this prominent service
provider has shown such confidence in the Osirium solution and
expanded its base of protected devices more than ten fold. This is
further evidence of the success of our land and expand strategy, as
having experienced the benefits of the Osirum PxM solution, they
have now taken the decision to roll out our technology to public
sector customers served by both of their data centres.
"We are very pleased that are they providing security services
using not only the classic Privileged Acccess Management
functionality but also exploiting Osirium's award-winning Task
Automation capabilities, for example on Linux devices, to minimise
the risk of security breaches."
- 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
Alma PR Tel +44 (0) 20 3405 0205
Josh Royston, Hilary Buchanan
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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