Contract renewals

RNS Number : 3703T

Osirium Technologies PLC

12 October 2017

 

For immediate release

12 October 2017

Osirium Technologies plc

("Osirium" or "Group")

Contract renewals with a Tier 1 Telco and Global Aerospace & Defence company

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce that two tier 1 customers, a leading telecommunications group and global aerospace & defence company have renewed their contracts for 12 months and 24 months respectively.

Under the terms of these contracts, Osirium will deliver its full PxM product offering of Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services. 

David Guyatt, Chief Executive Officer, commented: "We are delighted that these two global businesses across two different vertical sectors continue to value our partnership by renewing their contracts.  This provides further validation of our simple to use and easy to deploy PxM technology and its ability to be installed quickly and scale across international businesses to assist them in cyber-security protection.  The Group looks forward to continuing to work closely with these two customers for many more years to come."

-      Ends -

For further information:

Osirium Technologies plc	Tel: [phone]
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: [phone]
Fred Walsh / Neil Shah / Ben Maddison
Yellow Jersey PR (Financial PR) Sarah Hollins	Tel: [phone]

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

 

END

 

 

CNTZMMMGVMVGNZM