Osirium Tech Regulatory News (OSI)

Press release 2 March 2017

Osirium Technologies plc

("Osirium" or "Company" or "Group")

Osirium Extends Global Footprint to Asia Pacific and

Appoints Distology as UK Distribution Partner

Osirium Technologies plc (AIM: OSI.L), the UK based cyber-security software provider, is pleased to announce that its market leading Privileged Access Management (PAM) product is now available in the Asia Pacific region (APAC). Additionally, Osirium has appointed Distology as a UK distribution partner.

As part of Osirium's commitment to the APAC, the Group has appointed Hugh Sunderland and Mike Stephens as Business Development Directors for the region. They will have responsibility for identifying and recruiting key value-added distributors and associated business partners.

The appointment of Distology, a value-added distributor in the IT Security field, strengthens Osirium's UK channel distribution presence. Distology is fully engaged with the Osirium product suite and has trading relationships with 120 resellers, many amongst the largest 150 security resellers in the UK. 

David Guyatt, Chief Executive Officer, commented:

"We are pleased to announced these two agreements. Following recent marketing, feedback from target clients highlights that existing PAM products are cumbersome to deploy and expensive to run. Identifying agile vendors is extremely important as these organisations find it difficult to stay ahead of ever evolving security requirements. Osirium is significantly ahead of the curve with our technology and confident that we can have a positive impact in the Asia Pacific region.

The partnership with Distology will help us build a robust UK channel network and increase our current routes to market substantially.

We look forward to providing an update on our continued progress in due course."

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Notes to Editors

Osirium Technologies plc (AIM: OSI.L), is a UK based cyber-security software provider. Osirium protects critical IT assets, infrastructures 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 PAM 2.0, which the Directors view as the next generation Privileged Account management solution. The team has developed the concept of Virtual Air Gap to separate users from passwords, with Osirium's Privileged Task Management module further strengthening Privileged Account security and delivering impressive return on investment benefits for customers.

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