Osirium Technologies Share Discussion Threads

[hodhasharon] 15/10/2020 15:12

Testing 15p. Might buy a few as a punt at that point.

[euclid5] 15/10/2020 09:27

Edison Research B dated 6 Oct 2020 Outlook and changes to forecasts Although management expects an uptick in new business wins in H2 and better revenue growth in FY21, it notes that FY20 revenue may be lower than current market estimates. We have reduced our bookings forecasts for FY20 and FY21, reflecting the delays in decision making while COVID19 restrictions are in place. This results in a reduction in our reported revenue forecasts for both years. At the same time, we have reduced our operating cost forecasts, reflecting salary reductions this year as well as lower spend on travel and events. Overall, this reduces our EBITDA loss forecast in FY20 and slightly increases it in FY21. We continue to expect that the company will need to seek more funding in FY21 and provisionally model this as an increase in debt. Https://www.edisongroup.com/wp-content/uploads/2020/10/Osirium-Technologies-New-business-recovering-after-weak-Q2.pdf

[the white house] 15/10/2020 08:34

Previous RNS detail 250 and 500 units. This one is for 5,000. Is this as big a deal as that sounds'

[euclid5] 09/10/2020 09:55

If it's just based on 5 yrs, plenty of growth in that time for PAM system - 5 years is plenty of time in the IT business world. If it was 1 0r 2 that's a different story Have to check to see the latest broker report on OSI Thanks for the reply

[18bt] 09/10/2020 06:51

Euclid, the debate is probably about where technology will go and whether OSI has a continuing market c5 years hence. A lot of businesses are currently years behind in their adoption of priviledged access controls. Personally I think it highly unlikely that they will leapfrog current best practice and move their systems to where NotK thinks they should be. So IMHO there is a good 5 years of growth and after that it is much more difficult to see. But a 5 year horizon is OK for me.

[euclid5] 08/10/2020 20:31

Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19), has a positive impact on the privileged access management (PAM) market. Increasing demand to enforce social distancing from governments due to the highly contagious nature of Coronavirus (COVID-19) has encouraged enterprises to deploy work-from-home (WFH). Therefore, enterprises are focusing more on online activities that is expected to increase the cyber-threat. To overcome this threat, enterprises are focusing on deploying privileged access management solutions to secure their online accounts. Hence, this is positively impacting the adoption of privileged access management (PAM) worldwide. hxxps://www.transparencymarketresearch.com/privileged-access-management-pam-market.html

[euclid5] 08/10/2020 20:22

This is on the Harwell capital website, one of their major s/holders: "Osirium offers the world’s first, built-for-purpose, 21st-century cyber-security and privileged infrastructure automation solution, which effortlessly protects its customers from the cyber-threats of hybrid-cloud IT Infrastructures, as well as driving down operational costs by automating and delegating privileged tasks" hxxps://www.harwellcapital.com/our-portfolio/osirium/

[euclid5] 08/10/2020 20:21

This is on the Harwell capital website, one of their major s/holders: "Osirium offers the world’s first, built-for-purpose, 21st-century cyber-security and privileged infrastructure automation solution, which effortlessly protects its customers from the cyber-threats of hybrid-cloud IT Infrastructures, as well as driving down operational costs by automating and delegating privileged tasks" hxxps://www.harwellcapital.com/our-portfolio/osirium/

[euclid5] 08/10/2020 20:12

A very good technical debate / discussion here. So NotK doesn't think the OSI PAM system is in a growth market area and Albert A belives it is. I am not clused up with you gutes on this level. so can't add much here. Are there any reports on their system we can download to see if they are in a large growth market, i.e. Deloitte / PWC reports

[notknowing] 08/10/2020 10:25

Banks take a risk based approach..... PAM (and the risk it introduces), V background checks, training, SIEM, network enclaves accessible by the chosen few, scripted remediation, tried and tested troubleshooting runbooks. The list goes on. PAM can be more trouble than it's worth. There's more than enough forensic capability in the average OS.

[albert arthur] 08/10/2020 10:20

Most banks do, most will never get off it. Most have tried. JP Morgan, HSBC, And many others. Not only oracle, but most core banking system run on it. And have been developed over the last 30 years.

[notknowing] 08/10/2020 10:16

You're using Oracle! Say no more! If you're working in a GMT -10 years context, this solution should work for you.

[albert arthur] 08/10/2020 10:11

I'm migrating the entire oracle banking estate to a mixture of OCI, and AWS. We are using cloud infrastructure, we need to access the OS. As root and oracle etc, also, the database as a sysdba. Also, users connecting via the application need to Eli are their privileges. Post entire cloud migration the world will always need users. Sysadmins... very basic web application still need OS manual intervention. So totally disagree with your comments.

[notknowing] 08/10/2020 09:47

To add to that...... Most instances don't even have interactive user accounts on them in the new world. The management ports are blocked off. The only ingress points to an instance (production or management), is via 443 for browser/api traffic. Even your traditional on promise Admin instances (Active Directory, Exchange, DNS, DHCP, etc,) are now managed in the cloud via a browser. PUs will still exist, but in the context of the browser based application, and working within the confines of the provided capability. Don't get me started on Containerisation. The problem you're trying to fix diminishes even further.

[notknowing] 08/10/2020 09:29

That's cloud v1, where on-premise is built in the cloud. Cloud v2 with immutable instances, Infrastructure as Code, and CICD pipelines......there will be no reason for an admin to actually log into a box. It's all abstracted, the Devs and the Engineers build the solution, security is built into the pipeline (Static Code Analysis, AV etc.), and then the Ops release and manage the solution in Production. If anything fails, the non-functioning instance or the entire stack is rebuilt in minutes, while the production workload runs on the second stack. Sysadmins don't log onto boxes in the future. The manage everything via a browser, both control-plan and management services. It's all abstracted.

[albert arthur] 08/10/2020 09:23

Cloud infrastructure still requires root access from Staff. Infrastructure and DBAs will not be outsourced. They will simply use cloud infrastructure, which will always require super users.

[notknowing] 08/10/2020 08:57

What problem do you think PAM fixes?

[18bt] 08/10/2020 08:49

Albert - I titally agree with you. Priviledged access to "super users" is a growing issue and I can't see why it is going away. As well as in-house priviledged access, further outsourcing of office support and more frequent roll out of updates and inter-linking of systems means this isn't going away. Cloud migration makes absolutely no difference - different people still need different access to systems whether office server-room or cloud based.

[notknowing] 08/10/2020 08:36

Cloud migration will further reduce this need.

[notknowing] 08/10/2020 08:35

Sysadmins will all but vanish for the larger players.

[albert arthur] 08/10/2020 07:48

How? It's growing and growing and being more regulated.Working in Financial services on Linux machines, this is something being enforced by regulation, something required. Sysadmins will not vanish... neither will local, or cloud based access. Cyberark are similar. Listed on the NASDAQ, and have a cap of 4b over. OSI cap is 3.2m 1250 times higher. Also OSI are much more than PAM.Good thing about OSI is they have 100% renewals, also stealing customers and winning against competitors. Increasing revenue.

[notknowing] 08/10/2020 07:35

The problem with PAM solutions is they fix a problem that is reducing over time. The market for such solutions will be tiny in 5 years time. Let's hope these guys evolve with the changing landscape.

[18bt] 08/10/2020 07:31

Outsting an incumbent is a big plus as is the 5 year term. I suspect the revenue will be small, but it maintains a bit of momentum.

[albert arthur] 08/10/2020 07:26

Competitive contract win with major UK RetailerOsirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a major UK high street retailer. The contract win was secured in a competitive bid against four other Privileged Access Management ("PAM") vendors and displaces an incumbent supplier, highlighting the strength of Osirium's functionality and integrated PAM platform.The new client has purchased a 60-month term license for the Osirium PAM platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. Consultancy and training from Osirium Professional Services are included in the contract.