Osirium Technologies wins 'significant' contract with asset manager

AIM-listed cyber-security software provider Osirium Technologies has won a “significant” contact with an unnamed global asset management company.

Under the terms of the deal, Osirium will deliver its full product offering of privileged account management, privileged task management and privileged session recorder software modules to 3,000 devices.

As part of the contract, it will also provide its consultancy services to the asset manager, which has more than £300bn of assets under management.

Osirium said the three-year deal was expected to deliver a material financial contribution in the current year.

Chief executive officer David Guyatt said: “We are delighted to sign this major new customer within the financial services sector, which is testament to our position as a trusted and reliable partner to help protect a company's critical IT assets from cyber-attacks.

“This is the largest single contract negotiated in the group's history and Osirium looks forward to working closely with our new partner to combine cyber security with task automation benefits."

At 0823 BST, shares were up 11% to 193p.