Report
Richard Williamson

Osirium Technologies - H2 order intake stronger than expected

Osirium has announced a new customer in the telecoms sector, won in collaboration with partner Infradata. The three-year contract uses the full privileged access management (PAM) suite, including Osirium’s unique workflow automation technology. The company has also confirmed that bookings for FY20 are likely to be ahead of consensus expectations. We maintain our forecasts pending the year-end trading update in January, when the scale of bookings upside will be clearer.
Underlying
Osirium Technologies

Osirium Technologies and its subsidiary are engaged as a U.K. based cyber-security software provider that protects critical information technology ("IT") assets, infrastructures and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Richard Williamson

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