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Pin to quick picksOsirium Tech Share News (OSI)

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Osirium Wins Contract With "Major" UK Phone And Broadband Provider

Wed, 02nd Dec 2020 10:00

(Alliance News) - Osirium Technologies PLC on Wednesday said it has won a significant contract for its privileged access management technology with a "major" UK telephone, broadband and mobile services provider.

The unnamed new customer has purchased an initial 36 month term enterprise license for the British cloud-based cybersecurity software vendor's PAM platform, which will include the privileged access management, privileged task management and privileged session management modules, as well as consultancy and training from Osirium Professional Services.

"2020 has inevitably presented us, our customers and partners with a number of challenges. With more and more specialist security integrators this year selecting Osirium as their PAM provider of choice, I am particularly pleased that this win has been secured with yet another excellent new reseller partner," said Chief Executive David Guyatt.

Additionally, Osirium said its PAM platform has been selected in a competitive bid against a range of other PAM vendors as part of a sales initiative led jointly by Osirium and Infradata, which is a provider of cyber security and cloud networking solutions and services, and is an approved Osirium reseller partner.

Looking ahead, Osirium now anticipates bookings being ahead of current market expectations for trading in the year to December 31.

Shares in Osirium were up 8.5% at 22.25 pence in London on Wednesday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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30 Oct 2023 13:53

IN BRIEF: Osirium Technologies shares suspended as takeover completes

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Shares are suspended from trading on AIM on Monday, as takeover by SailPoint Technologies UK Ltd becomes effective. At the end of August, Osirium agreed to an offer from SailPoint of 2.35 pence per share in cash. This valued Osirium's shares at GBP3.1 million and gave the company an enterprise value, including debt, of GBP6.6 million. Osirium shareholders approved the deal earlier this month. Shares will be cancelled from AIM on Tuesday.

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5 Oct 2023 15:47

UK shareholder meetings calendar - next 7 days

Friday 6 October 
Caracal Gold PLCGM re capital raise
ECR Minerals PLCGM re approval of subscription
Pendragon PLCGM re UK Motor and PVM sale
Monday 9 October 
JD Sports Fashion PLCGM re buy of Iberian Sports Retail
Henderson Diversified Income Trust PLCAGM
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Tuesday 10 October 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
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Glantus Holdings PLCCourt Meeting re takeover by Basware OY
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Pollen Street PLCCourt Meeting and GM re new holding company
Thursday 12 October 
Osirium Technologies PLCCourt Meeting and GM re cash acquisition by SailPoint Technologies
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Sep 2023 20:02

Osirium Technologies revenue rises; targets new contract wins

(Alliance News) - Osirium Technologies PLC on Thursday said revenue increased as its loss narrowed in the first half of 2023.

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30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

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30 Aug 2023 12:27

Osirium agrees to takeover by SailPoint Technologies after challenges

(Alliance News) - SailPoint Technologies UK Ltd on Wednesday said that it has agreed to takeover Osirium Technologies PLC for 2.35 pence per share.

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18 Jul 2023 15:24

IN BRIEF: Osirium eyes raising further capital before year-end

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Reports annual recurring revenue has increased 34% to GBP2.2 million over the 12 months to June 30 from GBP1.6 million the year prior. ARR is up 20% from GBP1.8 million since the start of 2023. Bookings for the six months ended June 30 are expected at GBP1.22 million, up from GBP1.18 million the year prior. Revenue in the six-month period is expected to be no less than GBP1.1 million, up from GBP900,000 the year prior. Says ARR growth was driven by new customer wins and a high rate of renewals. Notes a strong start to the second half of the year, with a "healthy" pipeline underlined by a "growing pool" of prospective new customers as well as expected customer renewals and contract expansions.

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9 May 2023 14:03

Osirium Technologies makes good first-quarter progress

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies reported positive first-quarter trading in an update on Tuesday.

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9 May 2023 11:30

IN BRIEF: Osirium Technologies shares up amid new customer wins

Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was GBP2.0 million, up 25% from GBP1.6 million a year prior. Cash balance and debtor position at March 31 was GBP690,000. Based on previous years, expects to receive a research and development tax credit of around GBP600,000 before the end of the first half of 2023. Attributes "positive momentum" into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers.

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2 May 2023 14:57

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Mar 2023 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

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23 Mar 2023 11:46

IN BRIEF: Osirium Technologies shares plunge on widened annual loss

Osirium Technologies PLC - cloud-based cybersecurity and IT automation software vendor - Pretax loss widens to GBP3.6 million in 2022 from GBP3.4 million in 2021. Says the loss is due to expenditure returning to a more normal level. The main expenditure of the business reflects significant investment in headcount and activity levels in the business's sales, pre-sales, marketing and engineering departments, Osirium says. Revenue increases to GBP1.9 million from GBP1.5 million, in-line with recently upgraded market expectations. Total bookings jump 86% to GBP3.0 million from GBP1.6 million the year prior. Says its customer base increases by 46% in 2022, while over 70% of existing customers increase their range of services or number of licences.

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23 Mar 2023 10:41

AIM WINNERS & LOSERS: Zinnwald Lithium up on GBP19 million fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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9 Jan 2023 14:51

IN BRIEF: Osirium Technologies expects higher annual revenue

Osirium Technologies PLC - UK-based cybersecurity firm - Expects to report bookings and revenue for 2022 of at least GBP3.0 million and GBP1.9 million, respectively. These are up from GBP1.6 million and GBP1.4 million in 2021 and are in line with recently updated market expectations. Osirium's annual recurring revenue for December is GBP1.8 million, an increase of 28% over GBP1.4 million a year earlier.

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9 Jan 2023 12:34

Osirium Technologies ends year in line with upgraded expectations

(Sharecast News) - Cloud-based cybersecurity specialist Osirium Technologies said in an update on Monday that, subject to audit, it was expecting to report bookings and revenue for the financial year just ended of at least £3m and £1.9m, respectively.

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Copyright 2022 Alliance News Ltd. All Rights Reserved.

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