Osirium Technologies PLC Trading Update (2868B)

TIDMOSI

RNS Number : 2868B

Osirium Technologies PLC

09 January 2018

For immediate release

9 January 2018

Osirium Technologies plc

("Osirium" or "Group")

Trading Update

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, today provides the following trading update ahead of the Group's final results for the year ended 31 December 2017.

Trading has continued to improve year on year as anticipated and, as a result, the Group's booking levels will be in line with market expectations.

David Guyatt, Chief Executive Officer, commented: "We are pleased with the strong progress made during the period, with a number of new contract wins and renewals across a wide range of sectors, providing a growing base of 'land and expand' deployments. The Group is also confident that there will be further progress as new prospects are converted through our UK and international channel partners.

The Board remains very confident in the Group's prospects and we believe Osirium has a unique proposition and is well placed to prosper as cyber-security remains a key priority for corporates."

   -      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

TSTLFFIILAITIIT

(END) Dow Jones Newswires

January 09, 2018 02:00 ET (07:00 GMT)