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Osirium Technologies (OSI)

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Tuesday 09 January, 2018

Osirium Technologies

Trading Update

RNS Number : 2868B
Osirium Technologies PLC
09 January 2018
 

 

For immediate release

9 January 2018

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Trading Update

 

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, today provides the following trading update ahead of the Group's final results for the year ended 31 December 2017.

 

Trading has continued to improve year on year as anticipated and, as a result, the Group's booking levels will be in line with market expectations.

 

David Guyatt, Chief Executive Officer, commented: "We are pleased with the strong progress made during the period, with a number of new contract wins and renewals across a wide range of sectors, providing a growing base of 'land and expand' deployments.   The Group is also confident that there will be further progress as new prospects are converted through our UK and international channel partners. 

 

The Board remains very confident in the Group's prospects and we believe Osirium has a unique proposition and is well placed to prosper as cyber-security remains a key priority for corporates."

 

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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 Limited

(Nominated Adviser and Broker)

Tel: +44 (0) 20 7710 7600

Fred Walsh / Neil Shah / Ben Maddison

 


Yellow Jersey PR

(Financial PR)

Sarah Hollins

Tel: +44 (0) 7764 947137

 

 

 

 

 

 

 

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
 
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