Osirium Technologies PLC Osirium Announces Support for Microsoft Azure (1473G)

TIDMOSI

RNS Number : 1473G

Osirium Technologies PLC

28 February 2018

28 February 2018

Osirium Technologies plc

("Osirium" or "Group")

Osirium Announces Support for Microsoft Azure

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, today announces support for the Microsoft Azure cloud platform. The Group's Privileged Access Management (PAM) solution, the PxM Platform, can now be hosted in, and manage, Azure Virtual Machines. This enables organisations to maintain secure PAM solutions in both the cloud, via Azure, and within a hybrid environment.

Microsoft Azure is a cloud computing ecosystem created by Microsoft for building, testing, deploying, and managing applications and services through a global network of Microsoft-managed data centers.

Osirium is hosted in the Azure marketplace using a bring-your-own-licence (BYOL) model. The Osirium PxM Platform is available as an out of the box solution ready to manage a variety of Azure Virtual Machines due to Osirium's unique 'template' approach. Such templates are available for existing virtual machines but can also be customised. New templates are easily created for in-house systems and applications. Osirium also supports MAP Server being run in Azure.

David Guyatt, Chief Executive Officer of Osirium, commented: "The security space, and the threats within it, evolve at an incredible pace. GDPR is just months away now and the new regulations outlined within it will be of concern for many organisations. The extent of reputational damage from a security breach is impossible to predict, or put a price against. We have worked hard to establish a leading-edge technology in the market, and expanding the Group's capabilities to support Azure is an important step forward in our product roadmap. With 20% of the market, Azure is the second largest public cloud operator and extends Osirium's market reach accordingly."

According to RightScale's Cloud Computing Trends: 2017 State of the Cloud Report, companies now run 79 percent of workloads in the cloud, with 41 percent of workloads in a public cloud and 38 percent in a private cloud. As more data and applications are moving to the cloud, unique infosecurity challenges are created. Security came joint first with expertise and spend as the top challenges respondents felt the Cloud bought. However, many traditional security tools that are architected for on-premises environments, and extended to the cloud, present critical blind spots that put an organisation at risk.

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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, infrastructures 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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February 28, 2018 02:00 ET (07:00 GMT)