Osirium Tech Share News (OSI)

(Sharecast News) - Cloud-based cybersecurity software supplier Osirium Technologies announced a contract win with an unnamed international provider of fiduciary and administration services on Wednesday.The AIM-traded firm said that under the terms of the contract, it would deliver its full 'PxM Platform' including the privileged account management, privileged task management and privileged session management modules and associated consultancy services.It said the initial licence was for 400 devices, and was set to run for 39 months.The Osirium solution was is being implemented to address a range of business and operational challenges, the board explained, including the automation of tasks to "simplify and secure" routine and frequently-used activities, as well as to deliver time and cost savings.It added that the solution would provide control over internal access for system administrators and shared partner logins, control and protect passwords against phishing and malware attacks, and audit and monitor user access and activity to demonstrate compliance with GDPR and other regulations."Osirium is delighted to have been awarded this contract," said chief executive officer David Guyatt."The wide range of business challenges and use cases that we will be addressing demonstrates the continuously increasing value our innovative approach to cybersecurity delivers to customers."