Osirium Technologies, the UK-based cybersecurity software company, said a 46% jump in their customer base and 96% renewal rate were evidence of a significant year of progress in 2022.
Total revenue rose 31% to £1.92m in 2022, up from £1.47m in 2021. Total bookings rose 86% to £3m.
Osirium said their Privileged Process Automation (PPA) and Privileged Endpoint Management (PEM) offerings were now contributing materially to bookings and will add to sales from the more established Privileged Access Management.
Osirium’s systems allow organisations to automate and enhance their cyber security programmes.
The company said the higher customer base provided the platform for upselling opportunities in the future.
“It has been another year of significant progress for Osirium in which we have achieved record levels in bookings and revenue and further grown our customer base while also taking substantial steps to reach cash breakeven and beyond,” said Stuart McGregor, CEO of Osirium
“We have started the new year with a refocused sales strategy and a partner first sales approach, through which we expect to see increased interest across a wider range of sectors and geographies. As privileged security continues to rise up the agenda of IT professionals globally, we are excited for the future and the continued growth of the business.”