Osirium Tech Regulatory News (OSI)

9 December 2020

REACH

Osirium Technologies plc

("Osirium" or "Group")

Contract win with additional major UK Ambulance Service

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with an additional major regional UK Ambulance Service.

The new contract represents a further instance of Osirium displacing an incumbent PAM provider and being selected in preference to other PAM vendors. The initial order is for the Osirium PAM platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules for 375 devices over a 36-month term. 24/7 support, professional services and training are included in the contract.

The order continues Osirium's success in 2020 in securing business from the UK Ambulance Service sector in conjunction with ITHealth, an approved reseller partner specialising in cybersecurity for healthcare service providers. Key factors in the selection are Osirium's local presence and 24/7 support capabilities, flexibility of licensing, breadth of PAM functionality, and ease of deployment and use.

The principal initial driver for the client in this contract is demonstrating compliance with the NHS Data Protection Security Toolkit directive, to provide assurance of good data security practices and correct handling of personal information. The Osirium PAM platform will be used to carry out a number of functions across a mixed Windows and networking environment, including backups, controlling access, managing credentials, and providing a comprehensive, end to end audit trail. The client also sees real value in applying Osirium's task and process automation capabilities. This allows them to securely delegate activities requiring privileges to staff outside the immediate project team, and, thus, reduce workload strain on specialist IT resources.

Subsequent phases will also include secure management of 3rd party access to the infrastructure, as well as additional controls for internal access.

Following the announcement of a contract win with a major UK communications and mobile services provider on 2 December 2020, this new contract is a further endorsement of Osirium's strategy and strong commercial momentum.

David Guyatt, Chief Executive Officer, commented: "I am delighted that Osirium has been able to secure another win in the NHS and Emergency Services sector and, yet again, displace an incumbent PAM supplier. This contract endorses multiple aspects of our strategy: our focus on simplicity and ease of deployment that other vendors fail to match; our partnership with quality specialist integrators; our commercial flexibiltity and agility in securing this order within a three month sales cycle; and our commitment to providing ourstanding support to our customers."

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Notes to Editors:

Osirium Technologies plc (AIM: OSI) operates in one of the fastest growing parts of the cybersecurity market and is a leading vendor of Privileged Access Security solutions. Osirium's cloud-based products protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

Osirium has defined and delivered what the Directors view as the next generation Privileged Access Management solution. Osirium's award-winning Privileged Task Management module further strengthens Privileged Account Security by minimising the cyber-attack surface and delivering an impressive return on investment benefits for customers. Building on Osirium's Privileged Task Management module, in May 2019 Osirium launched Privileged Process Automation, providing a highly-flexible platform for automating essential IT processes to set a new benchmark in IT Process Automation. This was followed by the launch of Privileged Endpoint Manager in December 2019, bringing the total portfolio to three complementary solutions.

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to AIM in April 2016. For further information please visit www.osirium.com.