Osirium Technologies PLC Contract Win (1607V)

TIDMOSI

RNS Number : 1607V

Osirium Technologies PLC

01 November 2017

1 November 2017

Osirium Technologies plc

("Osirium" or "Group")

Contract win with one of Europe's leading private equity firms

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce a new customer win with one of Europe's leading private equity firms. The contract will run over an initial twelve-month term.

The customer primarily invests in three areas, private equity, real estate and infrastructure. Since 1994, the Group has invested over EUR16 billion in 34 businesses with an aggregate enterprise value of over EUR48 billion.

The Group has appointed Osirium to deliver its full PxM product offering of Privileged Account Management and Privileged Task Management modules with associated consultancy services. The focus has been to tighten security controls and access and introduce reporting and auditing of systems and applications.

David Guyatt, Chief Executive Officer, commented: "We are delighted to secure this major new financial services customer and a further 'land and expand' licensing deployment. With the recent and highly-publicised spike in cyber terrorism and increasing numbers of businesses suffering devastating data breaches, they wanted to ensure that their customers did not suffer such a fate. The most important area to the Group was to control access to privileged devices, applications and infrastructure by internal staff and third-party service providers. Osirium looks forward to working with them closely to deliver an effective and secure interface."

   -      Ends - 

For further information:

 
 Osirium Technologies plc              Tel: [phone] 
                                                       2444 
 David Guyatt, Chief Executive 
  Officer 
  Rupert Hutton, Chief Financial 
  Officer 
  www.osirium.com 
 Stifel Nicolaus Europe                Tel: [phone] 
  Limited                                              7600 
  (Nominated Adviser and 
  Broker) 
 Fred Walsh / Neil Shah 
  / Ben Maddison 
 Yellow Jersey PR                  Tel: [phone] 
  (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

CNTOKDDQABDDOKN

(END) Dow Jones Newswires

November 01, 2017 03:00 ET (07:00 GMT)