Osirium Technologies (OSI); trading continues to improve and is in line with expectations

Published on 14-01-2019 09:34:41
Author Sparks Team

At the start of 2019, Osirium has more Proof of Concept (POC) programmes scheduled in the first quarter than in the whole of 2018. The conversion rate of POCs to sales also continued to increase. The company expects revenue for the 12 months ended 31 December 2018 to be at least £0.95m, which is subject to audit.

The company was also included in the Gartner Magic Quadrant for Privileged Access Management (PAM). As the market for PAM becomes mainstream, Osirium expects further progress through conversion of new prospects through its UK and international channel partners and plans to generate additional revenues from existing customers through the implementation of its ‘land and expand’ approach.

David Guyatt, CEO, commented: “We are pleased with the strong progress made during the period. As well as winning new UK accounts in sectors such as financial services and retail, where we had an established presence, the Group also secured customers in the drinks manufacturing, energy and utilities sectors.”

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