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Schlum,
OSI always seems to follow the January trading updates by RNSing good news relatively soon afterwards.
And I'm optimistic that contracts deferred due to the pandemic will be signed as a priority, as companies realise that good quality PAM like OSI's is essential.
22nd Apr 2021 4:41 pm RNS Proposed Placing and Subscription & Notice of GM
11th Mar 2021 7:00 am RNS NHS Trust Customer Wins
1st Feb 2021 7:00 am RNS New Patent Granted
15th Jan 2021 7:00 am RNS Trading Update
20th Feb 2020 7:00 am RNS Contract win with major regional NHS Trust
14th Jan 2020 7:00 am RNS Trading Update
27th Feb 2019 7:00 am RNS Contract wins
12th Feb 2019 7:00 am RNS Contract win
14th Jan 2019 7:00 am RNS Trading Update
6th Mar 2018 7:05 am RNS Placing and Notice of General Meeting
28th Feb 2018 7:00 am RNS Osirium Announces Support for Microsoft Azure
21st Feb 2018 7:00 am RNS Contract win
7th Feb 2018 7:00 am RNS Osirium Signs Progress Distribution
9th Jan 2018 7:00 am RNS Trading Update
16th Mar 2017 7:00 am RNS Distributor Appointed in Middle East & Nth Africa
2nd Mar 2017 7:00 am RNS Osirium Extends Global Footprint to Asia Pacific
6th Jan 2017 7:00 am RNS Business update
So here we are in placing territory.
"CyberArk snaps up identity startup Idaptive for $70M
Zack Whittaker@zackwhittaker / 2:29 PM GMT+1•May 13, 2020
Israeli cybersecurity company CyberArk has acquired identity startup Idaptive for $70 million in an all-cash deal.
CyberArk is one of the shining stars in the Israeli cybersecurity scene before its initial public offering in 2013 saw it go public on the Nasdaq. To date, its share price has almost quadrupled.
At the core of CyberArk’s identity and privileged access management technology is making sure the right people — like corporate employees — can access the right systems and services. Data suggests exposed or breached credentials can account for most data breaches. Having technologies in place that put barriers in place to prevent credential misuse can prevent further damage.
No wonder Idaptive makes for a good fit.
Idaptive, a Santa Clara, Calif.-based startup that spun out from Centrify in 2018, made a name for itself by taking a zero-trust approach to identity security. Zero-trust treats every user the same, whether they’re inside the firewall or not.
In a blog post, CyberArk said the acquisition will bolster its position in the identity management space, allowing its customers to improve their security posture across a multitude of different infrastructures, like hybrid and multi-cloud environments.
“Merging the innovative technology and talents of the Idaptive team with that of CyberArk represents an exciting opportunity to deliver a differentiated, modern approach as we work to continually meet the ever-changing needs of the dynamic threat landscape,” said CyberArk’s chief marketing officer Marianne Budnik."
https://techcrunch.com/2020/05/13/cyberark-snaps-up-identity-startup-idaptive-for-70m/?guccounter=1
From MSSP Alert:
"CyberArk Acquires Idaptive for Identity as a Service, SSO and MFA
CyberArk Acquires Idaptive for $70 million; gains privileged access management (PAM), single sign-on (SSO), multi-factor authentication (MFA) and Identity as a Service (IaaS) capabilities.
by Joe Panettieri • May 13, 2020
CyberArk has acquired Idaptive for $70 million. The buyer gains additional privileged access management (PAM), single sign-on (SSO), multi-factor authentication (MFA), artificial intelligence, and Identity as a Service (IaaS) capabilities. Centrify spun-off Idaptive as a standalone company in 2018. ..."
Thanks also to David Gruen on ADVFN for this OSI post on Saturday:
David Gruen 15 Jan '22 - 08:54 - 467 of 550 0 1 0
"CyberArk Market Cap: 5.74B
Osirium Market Cap: 4M
hTTps://www.gartner.com/reviews/market/privileged-access-management/compare/product/cyberark-privileged-access-management-solutions-vs-osirium-pam
McAfee ePO integration is massive:
hTTps://osirium.com/plays-well-with/mcafeeepo5.php
Bought in on Technicals, but loving the Fundamentals."
If the company stays independent though, longer term it has genuine 100-bagger potential.
Sales growth momentum has been temporarily hit by the pandemic, but is expected to resume strongly this year, and OSI has the right products at the right time.
Some large contract wins could potentially see annual sales rapidly grow to the £10M. p.a. level within a few years, which could equate to millions of pounds of profit, and a £100M.+ market cap.
Very small cap. tech. companies of this quality are very rare, with investors sometimes fighting for a piece of the action.
It's so hard to buy decent quantities on the market, so the opportunity to participate in a placing can be manna from heaven.
Of course no placing will be required if the company is taken over first, but otherwise its pricing will be strongly influenced by the company's intrinsic value, which suggests a good premium to the current s.p. of 12p.
Though premium placings per se are quite rare, for hugely undervalued companies they are actually par for the course.
On 22nd. October last year I had two of my shares announce such placings in one day, with those two finishing as the top two risers that day. -
"LSE % Gainers Top Lists
EPIC Name %
IRON Ironveld +52%
STAR Starcom +32%"
Massively oversold on small retail sales, and due a good bounce imminently.
The current s.p is bonkers considering that the IP here is so valuable.
The company has signalled that it may be up for sale, and it's hard to believe that it would go for under £10M.
But it could be much more than that, especially if there is a bidding war.
OSI holds seven patents that could be a key to tackling the ransomware plague.
It's software research and development has cost about £13M. over about the last decade.
But its real worth could be multiples of that.
"Ransomware Costs Expected to Reach $265 Billion by 2031
August 6, 2021 @ 12:05 PM | By David Bisson | 2 min read"
https://securityintelligence.com/news/ransomware-costs-expected-265-billion-2031/
Thanks to David Gruen on ADVFN for this OSI post today:
David Gruen 17 Jan '22 - 14:10 - 505 of 538 0 1 0
"A < 4 Million Market Cap Cyber Security company which boasts a place on the Gartner Magic Quadrant is laughable. Forget technicals, forget placings, this potentially has 100 bags in it."