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: [phone]
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Panmure Gordon (UK) Limited (Nominated Adviser and Broker)	Tel: [phone]
Fred Walsh / Peter Steel / James Greenwood/ William Wickham - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
Hollins Communications (Financial PR) Sarah Hollins	Tel: [phone]

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

 

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