LONDON: Osirium Technologies plc (AIM: OSI), a leading vendor of cloud-based cybersecurity and IT automation software, has signed its first customer in the United States of America (USA) via one of its channel partners.

The new customer, a global investment bank headquartered in New York and listed on the New York Stock Exchange, has selected Osirium’s Privileged Access Management (“PAM”) security product.

This contract will see Osirium’s services guard against potential threats to the clients IT infrastructure, such as ransomware attacks, through managing internal and third-party access to critical servers, applications and networking equipment.

This contract was sold via reseller HIC Global in conjunction with one of the Group’s new partners, software distribution firm Prianto, which has a strong cybersecurity presence with mid-market customers in the UK, across Europe and North America.

Having recently partnered with Osirium Technologies, Prianto has won multiple contracts with the Group for its PAM and Privileged Endpoint Management (“PEM”) services.

Whilst the contract is not expected to have a material impact on the Group’s results for the current financial year, the Directors of the Company consider that it is strategically important in demonstrating the potential demand for the Group’s products in the significant market in the USA.

David Guyatt, Chief Executive Officer of Osirium 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 Technologies expects to see a continued healthy pipeline of greenfield opportunities, both in the UK and overseas.”