Osirium Technologies secures contract with 'major' high street retailer.

Osirium, which one the contract in a competitive bid against four other privileged access management vendors, said on Thursday that its new UK-based client had purchased a 60-month term license for its platform, including the privileged access management, privileged task management and privileged session management modules.

The AIM-listed group did not disclose the value of the contract.

Chief executive David Guyatt said: "I am delighted that Osirium has won another prestigious household name client in the retail sector. The fact that we have won against four other PAM competitors, including displacing an incumbent supplier, is further evidence of customers recognising the completeness of the Osirium proposition.

"The completion of the sales process in under three months is an illustration not only of increasing demand for PAM, but also of the effectiveness of our customer engagement model."

As of 0935 BST, Osirium shares had surged 28.72% to 25.10p.