Osirium Technologies PLC Osirium Signs Progress Distribution

TIDMOSI

Osirium Technologies PLC

07 February 2018

For immediate release 7 February 2018

Osirium Technologies plc

("Osirium" or "Group")

Osirium Signs Progress Distribution

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security Software-as-a-Service ("SaaS") provider, has today announced an agreement with Progress Distribution. Since launching its channel programme in early 2017, Osirium has made significant progress recruiting partners in a number of key territories.

Progress Distribution has an experienced leadership team which have all worked in vendor, distribution and reseller environments. They bring significant value, through consultancy services, to every opportunity and are focused on addressing the significant challenges that a Chief Information Security Officer ("CISO") faces every day.

Commenting on the agreement, Tim Ager, Sales Director at Osirium, said: "The market response to Osirium, and its approach to Privileged Access Management (PAM), has been very positive. We have strong partners in place, and will of course continue conversations with others as the Group looks for links to strengthen the chain further. Our accreditation process is robust, and supported at the highest level, which means true partnerships are established. Progress Distribution has an excellent reputation in the UK and we look forward to working alongside the team to build further momentum here."

John Quinn, founder and CEO of Progress Distribution, said: "The Cyber Security space is moving quickly so we take a particular interest in products that are essentially 'future-proofed.' Osirium has changed the way organisations look at protecting privileged accounts, separating users from passwords, and has built an impressive customer base as a result. We are delighted to be adding this PAM technology to our portfolio."

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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

About Progress Distribution

Progress Distribution is a boutique IT incubator and distributor that focuses on emerging technologies within Security, Networking, Infrastructure and Storage. Osirium is the latest vendor to join the company's strong portfolio of innovative technology brands, which includes vendors such as Attivo Networks, Redseal, Trusted Knight and PhishMe. Besides offering resellers with proactive sales, business development, commercial and marketing support, Progress Distribution also has a dedicated end user demand generation team, which provides new technology vendors with an extremely valuable go to market strategy for the UK and European markets.

For more information please visit www.progressdistribution.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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