Osirium Technologies PLC Two contract renewals with Think Money & M-Netics (1319U)
October 20 2017 - 2:00AM
UK Regulatory
TIDMOSI
RNS Number : 1319U
Osirium Technologies PLC
20 October 2017
For immediate release
20 October 2017
Osirium Technologies plc
("Osirium" or "Group")
Two contract renewals with Think Money and M-Netics
Osirium Technologies plc (AIM: OSI.L), a UK headquartered
cyber-security SaaS provider, is pleased to announce that both
Think Money and M-Netics have renewed their contracts for 12
months.
Thinkmoney, part of the Think Money Group, a UK-based banking
services provider, has worked with Osirium to transform its IT
platform to support its key current account, loan and credit card
products. Part of the IT project remit was to significantly improve
management control and governance of privileged access to critical
IT systems. A relatively small but highly secure subsystem has been
implemented to encompass 50 multi-platform servers, backend
databases, firewalls and other network and security devices.
Mobile technology solutions company, M-Netics, provides
end-to-end solutions covering all aspects of mobile hardware
requirements for leading logistics providers, manufacturers,
retailers and field service organisations. It also operates close
partnerships with leading wireless technology companies. Osirium
has implemented a platform to control 'off-domain access' to
servers on separate networks in multiple locations.
Osirium delivers to both customers its PxM product offering of
Privileged Account Management, Privileged Task Management and
Privileged Session Management modules and associated services.
David Guyatt, Chief Executive Officer, commented: "We are
delighted to continue our relationship with these two high-growth
midcap customers who recognise the importance of not only
addressing insider threats but sophisticated external
cyber-attacks. In both cases, we worked in partnership with them to
deliver an easy to use, quick to install and cost effective
platform which addressed their separate business requirements. The
Osirium team looks forward to continuing to work closely with
them."
- Ends -
For further information:
Osirium Technologies plc Tel: +44 (0) 118 324
2444
David Guyatt, Chief Executive
Officer
Rupert Hutton, Chief Financial
Officer
www.osirium.com
Stifel Nicolaus Europe Tel: +44 (0) 20 7710
Limited 7600
(Nominated Adviser and
Broker)
Fred Walsh / Neil Shah
/ Ben Maddison
Yellow Jersey PR Tel: +44 (0) 7764 947137
(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
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