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: [phone]
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: [phone]
Fred Walsh / Neil Shah / Ben Maddison
Yellow Jersey PR (Financial PR) Sarah Hollins	Tel: [phone]

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

 

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