Osirium Technologies PLC Contract win (5207U)

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."

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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

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October 25, 2017 02:00 ET (06:00 GMT)