Osirium Technologies - Contract win for Privileged Process Automation

Osirium Technologies

24/03/2022 07:00

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RNS Number : 8377F  Osirium Technologies PLC  24 March 2022

The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Regulation 11 of the Market
Abuse (Amendment) (EU Exit) Regulations 2019/310.

 

24 March 2022

 

 

Osirium Technologies plc

 

("Osirium" or the "Group")

 

Contract win for Privileged Process Automation solution with a leading
provider of services to the UK Healthcare sector

 

Osirium's largest PPA deal to date

 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cybersecurity and
IT automation software, is pleased to announce a contract win at Midlands and
Lancashire Commissioning Support Unit (MLCSU) for its Privileged Process
Automation (PPA) and Privileged Access Management (PAM) solutions. MLCSU
supports 50 Clinical Commissioning Groups (CCGs), NHS GP federations, and
local authorities in the north of England.

 

This is the Group's first customer win where the PPA order is significantly
larger than the PAM element.

 

PPA is Osirium's solution for automating IT and business processes that
traditionally require expert skills and auditability. It is one of the three
core products in the Group's Privileged Access Security suite, alongside
Privileged Access Management and Privileged Endpoint Management. This contract
with MLCSU reflects Osirium's increasing success in marketing its PPA and PEM
solutions as primary or standalone products.

 

PPA will be rolled out initially to 600 users and 100 IT servers and systems
in GP surgeries at one of MLCSU's CCG clients, with the potential for a
further roll out in due course. By deploying PPA at GP surgeries, staff can
action updates such as resetting user accounts immediately, without needing to
know complex IT management systems, the privileged access credentials for user
accounts, or submitting requests to a central IT help desk and waiting for a
response. The result will be less disruption to users, and reduced workloads
for the IT administrators.

 

Key to selecting PPA was ease of use at the GP surgeries. User testing showed
that PPA's unique conversational style of interaction with users meant that
complex operations could be used with little or no training.

 

Osirium worked closely with its specialist healthcare partner, ITHealth, to
ensure the Osirium solution could address the needs of MLCSU.

 

David Guyatt, Chief Executive Officer, commented: "Secure automation is the
way that any organisation, especially the over-stretched NHS, can deliver more
benefits to patients and staff while improving security. We see Automation as
a significant area of growth and there is a growing interest in PPA as a
primary or standalone solution.

 

Importantly, the model being adopted by MLCSU's clients is applicable across a
wide range of industries such as retail, hospitality, and transportation,
providing the opportunity for wide-scale deployment to new and existing
customers. We expect this product to become an important contributor to
Osirium's revenue in line with this broader market awareness."

 

 

 

 

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 (http://www.osirium.com/)

 Allenby Capital Limited (Nominated adviser and broker)                                Tel: +44 (0)20 3328 5656
 James Reeve / George Payne (Corporate Finance)
 Tony Quirke (Sales and Corporate Broking)

 Alma PR (Financial PR adviser)                                                        Tel: +44 (0)20 3405 0205
 Hilary Buchanan                                                                       osirium@almapr.co.uk
 Kieran Breheny
 Josh Royston

Notes to Editors:

 

Osirium Technologies plc (AIM: OSI) is a leading UK-based cybersecurity
software vendor delivering Privileged Access Management (PAM), Privileged
Endpoint Management (PEM) and Osirium Automation solutions that are uniquely
simple to deploy and maintain.

 

With privileged credentials involved in over 80% of security breaches,
customers rely on Osirium PAM's innovative technology to secure their critical
infrastructure by controlling 3(rd) party access, protecting against insider
threats, and demonstrating rigorous compliance. Osirium Automation delivers
time and cost savings by automating complex, multi-system processes securely,
allowing them to be delegated to Help Desk engineers or end-users and to free
up specialist IT resources. The Osirium PEM solution balances security and
productivity by removing risky local administrator rights from users, while at
the same time allowing escalated privileges for specific applications.

 

Founded in 2008 and with its headquarters in Reading, UK, the Group was
admitted to trading on AIM in April 2016. For further information please
visit www.osirium.com (http://www.osirium.com/) .

 

 

 

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