Osirium Technologies PLC Contract Win (1607V)
November 01 2017 - 3:00AM
UK Regulatory
TIDMOSI
RNS Number : 1607V
Osirium Technologies PLC
01 November 2017
1 November 2017
Osirium Technologies plc
("Osirium" or "Group")
Contract win with one of Europe's leading private equity
firms
Osirium Technologies plc (AIM: OSI.L), a UK headquartered
cyber-security SaaS provider, is pleased to announce a new customer
win with one of Europe's leading private equity firms. The contract
will run over an initial twelve-month term.
The customer primarily invests in three areas, private equity,
real estate and infrastructure. Since 1994, the Group has invested
over EUR16 billion in 34 businesses with an aggregate enterprise
value of over EUR48 billion.
The Group has appointed Osirium to deliver its full PxM product
offering of Privileged Account Management and Privileged Task
Management modules with associated consultancy services. The focus
has been to tighten security controls and access and introduce
reporting and auditing of systems and applications.
David Guyatt, Chief Executive Officer, commented: "We are
delighted to secure this major new financial services customer and
a further 'land and expand' licensing deployment. With the recent
and highly-publicised spike in cyber terrorism and increasing
numbers of businesses suffering devastating data breaches, they
wanted to ensure that their customers did not suffer such a fate.
The most important area to the Group was to control access to
privileged devices, applications and infrastructure by internal
staff and third-party service providers. Osirium looks forward to
working with them closely to deliver an effective and secure
interface."
- 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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