Osirium Technologies (LON:OSIO)’s privileged access management software helps protect critical IT infrastructure from unauthorised use of privileged IT accounts, whether from hacking or internal threats. Since last year’s IPO, Osirium has strengthened its sales & marketing and R&D teams, added a global channel-based route to the mid-market and further developed its product suite. It is now focused on growing its user base, while upselling to its existing customer base.
Protection from internal and external threats
The vast majority of hacking attacks are targeted at privileged access accounts (ie accounts used by IT staff to manage a company’s IT estate). Osirium’s software helps protect critical IT assets, infrastructure and devices by preventing targeted cyber attacks from directly accessing privileged accounts, limiting 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. The high growth PAM software market was worth $690m in 2015 (source: Gartner), +33% y-o-y. Osirium’s software is designed to be simple to use and easy to deploy; its PAM solution helps businesses secure access to their IT infrastructure by creating a “virtual air gap” between privileged users and their passwords, while its PTM task automation solution improves efficiency while reducing security risks.
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