Osirium Tech Regulatory News (OSI)

11 December 2019

RNS REACH

Osirium Technologies plc

("Osirium" or "the Group")

Osirium expands security and automation software portfolio with

release of Privileged Endpoint Manager 

New solution reduces security risks without impacting user productivity 

Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, today announces that further to its commitment of releasing its Privileged Endpoint Manager ("PEM") solution in Q4, the Group can confirm the solution is now available. This follows the launch of the Group's Privileged Process Automation ("PPA") solution in May and brings the total security and automation portfolio to three complementary offerings, expanding the addressable market and providing enhanced cross-selling opportunities.

The new release allows customers to control end-user access to applications that need privileged user rights​ without requiring a substantial infrastructure or relying on IT helpdesks.  

Allowing Windows users to carry out tasks such as running applications as an administrator has traditionally represented a significant security risk, as the administrator role allows for exposure to malware or damage caused by human error. However, in many cases there is a legitimate need for users to run selected applications as administrators in order to get their work done. The Osirium PEM product addresses these conflicting business needs thus delivering enhanced security without compromising productivity. 

Osirium CEO David Guyatt commented, "The release of PEM is a further indication of our leadership and innovation in privilege security and automation. Our Privileged Access Management platform protects customers' most critical and frequently targeted assets. Our Privileged Process Automation framework allows them to delegate IT processes, free up key skills and save money. As of today, our Privileged Endpoint Management delivers additional value by addressing this key end user challenge." 

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About Osirium

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.