TIDMOSI

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 GBP300 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           Tel: +44 (0) 20 7886 
  (Nominated Adviser and                               2500 
  Broker) 
 Fred Walsh / Peter Steel 
  / James Greenwood/ 
  William Wickham - Corporate 
  Finance 
  Charles Leigh-Pemberton 
  - Corporate Broking 
 Hollins Communications            Tel: +44 (0) 7764 947137 
  (Financial PR) 
  Sarah Hollins

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

END

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(END) Dow Jones Newswires

August 26, 2016 02:00 ET (06:00 GMT)

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