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Osirium Technologies (OSI)

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Friday 26 August, 2016

Osirium Technologies

Contract Win

RNS Number : 1944I
Osirium Technologies PLC
26 August 2016
 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with a leading global asset management company

 

Osirium Technologies plc (AIM: OSI.L), a UK based cyber-security software provider, is pleased to announce a significant contract win with a leading global asset management company.  The asset manager has over £300 billion of assets under management and offices in c.30 countries.

 

Under the terms of the contract, Osirium will deliver its full product offering of Privileged Account Management, Privileged Task Management and Privileged Session Recorder software modules to 3,000 devices. As part of the contract Osirium will also provide its consultancy services. The contract is expected to deliver a material financial contribution in the current year and will run over a three year term.   

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to sign this major new customer within the financial services sector, which is testament to our position as a trusted and reliable partner to help protect a Company's critical IT assets from cyber-attacks.  This is the largest single contract negotiated in the Group's history and Osirium looks forward to working closely with our new partner to combine cyber security with task automation benefits."  

 

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

 


Panmure Gordon (UK) Limited

(Nominated Adviser and Broker)

Tel: +44 (0) 20 7886 2500

Fred Walsh / Peter Steel / James Greenwood/

William Wickham - Corporate Finance

Charles Leigh-Pemberton - Corporate Broking

 


Hollins Communications

(Financial PR)

Sarah Hollins

Tel: +44 (0) 7764 947137

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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