Osirium Technologies PLC NHS Trust Customer Wins
March 11 2021 - 1:00AM
RNS Non-Regulatory
TIDMOSI
Osirium Technologies PLC
11 March 2021
11 March 2021
Osirium Technologies plc
("Osirium" or "the Group")
NHS Trust Customer Wins
Osirium Technologies plc (AIM: OSI.L), a leading vendor of
cybersecurity software, is pleased to announce it has strengthened
its position in the public sector through a series of NHS trust
customer wins for its Privileged Access Management (PAM)
solution.
These new customer wins follow on from a cybersecurity guidance
by the National Cyber Security Centre and a NHS Digital initiative,
launched towards the end of 2020, which provided funding to NHS
trusts for privileged access solutions to address the mounting
challenge from ransomware targeting backup systems.
The Group responded rapidly to this initiative and is pleased to
report nine new NHS trust customers since the beginning of
February, with these deals providing significant upsell
opportunities in line with Osirium's "land and expand"
strategy.
Notably, these customer wins were secured in collaboration with
three of the Group's channel partners, demonstrating the growing
contribution of the indirect channel to Osirium's sales. The Group
is experiencing increasing traction across a wide range of markets
through these domestic and international partners, working more
closely with them through joint marketing campaigns.
With these recently signed contracts, Osirium now counts a
growing number of NHS trusts as customers. The Group continues to
see a healthy pipeline of further deals in this field and, as part
of its ambition to become a key player in UK healthcare, will
continue to target the remaining NHS trusts in collaboration with
its partners.
David Guyatt, Chief Executive Officer, said:
"We're delighted to have secured these new NHS trust customers.
These new contracts reflect not only the growing attention now paid
to privileged access security across public healthcare but the
importance of Osirium's indirect channels to our sales.
With bookings momentum continuing from our record Q4 last year,
we look forward to securing more deals of this nature as well as
exploring the significant upsell opportunities presented by these
initial contracts through our proven "land and expand"
strategy."
- 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 Tel: +44 (0) 203 405 0205
(Financial PR)
David Ison / Josh Royston / Kieran
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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