Osirium Technologies: First Opus Contract Win
Edison | Aug 20, 2019 08:50AM ET
Osirium Technologies (LON:OSIO) has signed up its first customer for the recently launched Opus privileged process automation solution and two new customers for its PxM platform. Osirium has broadened its product range with Opus and the recent launch of its privileged endpoint management (PEM) solution, opening up access to a wider addressable market and providing support for our bookings forecasts.
Osirium has announced that an existing customer, a leading asset manager that recently renewed the full PxM platform for three years, has signed up to use Opus for 12 months. Opus, launched in May, is Osirium’s innovative privileged process automation solution and this is the first contract win for the new solution. The customer will be using Opus to augment its existing ServiceNow infrastructure, freeing up experienced staff to focus on higher-value business initiatives. As we have previously written (Opus: taking the work out of IT security) Opus can access credentials from third-party vault providers, which widens Osirium’s addressable market significantly.
Osirium also recently announced two 12-month contract wins for its PxM platform. The first is with a wealth manager to secure 200 devices and includes consultancy, training and support. The second, with a UK university that previously trialled PxM via the free PxM Express offering, is for 100 devices and will help the customer to manage the security of its outsourced helpdesk and network operations.
Business description
UK-based Osirium Technologies designs and supplies subscription-based cybersecurity software. Its PxM platform includes privileged access management, privileged task management, privileged session management and privileged behaviour management and it has recently launched Opus for secure process automation.
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