Osirium Technologies PLC New Patent Granted
February 01 2021 - 1:00AM
RNS Non-Regulatory
TIDMOSI
Osirium Technologies PLC
01 February 2021
1 February 2021
RNS REACH
Osirium Technologies plc
("Osirium" or "Group")
New patent granted
Osirium Technologies plc (AIM: OSI.L), a leading vendor of
cloud-based cybersecurity software, is pleased to announce it has
been granted a new patent in the field of authentication services
by the US Patent and Trade Mark office.
The patent (United States Patent number: 10,826,887), approved
in November 2020, is for Osirium's 'Shadow Authentication'
technology. This new technology uniquely addresses a challenge
experienced by Managed Security Service Providers (MSSPs) in
situations where they are not permitted direct access to their
customers' Active Directory servers.
Shadow Authentication allows MSSP customers to request a
password change that will be intercepted and processed by Osirium's
Privileged Access Management platform, Osirium PAM. The benefit for
the MSSP is that its operators or system administrators will not be
interrupted by the request and do not need to know either the
previous password or the customer's password rules. Likewise, the
benefits for the end customer are improved time savings, greater
security and enhanced confidence from the certainty and knowledge
that staff at the MSSP never have sight of their passwords.
The patent builds on Osirium's track record of innovation in
privileged access, including a series of patents previously granted
for credential management.
David Guyatt, Chief Executive Officer, commented : "Our
continuing commitment to innovation has been a key factor in our
success over the years. Our customers value it as it gives them new
ways to address increasing security challenges, and our partners
look for it, as it gives them compelling competitive
differentiators."
- 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 Limited Tel: +44 (0) 20 7710 7600
(Nominated Adviser and Broker)
Fred Walsh / Richard Short
Alma
(Financial PR)
David Ison / Josh Royston / Kieran Tel: +44 (0) 203 405 0205
Breheny
Notes to Editors:
Osirium Technologies plc (AIM: OSI) operates in one of the
fastest growing parts of the cybersecurity market and is a leading
vendor of Privileged Access Security solutions. Osirium's
cloud-based products protect 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 Privileged Access Management solution. Osirium's
award-winning Privileged Task Management module further strengthens
Privileged Account Security by minimising the cyber-attack surface
and delivering an impressive return on investment benefits for
customers. Building on Osirium's Privileged Task Management module,
in May 2019 Osirium launched Privileged Process Automation,
providing a highly-flexible platform for automating essential IT
processes to set a new benchmark in IT Process Automation. This was
followed by the launch of Privileged Endpoint Manager in December
2019, bringing the total portfolio to three complementary
solutions.
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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END
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