Osirium Technologies PLC Contract renewals (3703T)
October 12 2017 - 02:00AM
UK Regulatory
TIDMOSI
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: +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, 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTZMMMGVMVGNZM
(END) Dow Jones Newswires
October 12, 2017 02:00 ET (06:00 GMT)
Osirium Technologies (LSE:OSI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Osirium Technologies (LSE:OSI)
Historical Stock Chart
From Mar 2023 to Mar 2024