Osirium Technologies shares rose 6.5% to 8.25p after the group announced that it signed its first customer in the US through one of its channel partners on Monday.
Osirium’s Privileged Access Management security software was picked by the new customer, a worldwide investment bank located in New York and listed on the New York Stock Exchange.
By controlling internal and third-party accessibility to vital servers, apps, and networking equipment, Osirium’s services will protect the client’s IT system from potential attacks such as ransomware attacks.
This deal was offered through reseller HIC Global in collaboration with software firm Prianto, which has a strong cybersecurity footprint with mid-market clients in the UK, Europe, and North America.
Prianto has received different contracts with Osirium for its Privileged Access Management and Privileged Endpoint Management services after recently partnering with the company.
While the deal is not intended to have a large influence on the group’s profits in the current financial year, the company’s directors believe it is strategically essential in indicating potential demand for the group’s products in the United States.
David Guyatt, Chief Executive Officer, Osirium Technologies, said, “We are delighted to announce this first win in the USA, which represents further evidence of the opportunity to grow outside of the group’s core UK market.”
“This contract is strategically important and shows good referenceability as we continue to expand our footprint in this important region while working with our network of partners like Prianto to make it easy for customers to do business.”
“This network forms a core element of the group’s strategy, both domestically and internationally, and extends the Group’s reach across the five continents in which it operates.”
“In line with the maturation of the privileged security market alongside the broadening of the group’s network, Osirium expects to see a continued healthy pipeline of greenfield opportunities, both in the UK and overseas.”
