London Stock Exchange welcomes Osirium Technologies
LONDON STOCK EXCHANGE WELCOMES OSIRIUM TECHNOLOGIES PLC TO AIM
Osirium Technologies plc (AIM: OSI), a UK based cyber-security software provider, is delighted to join AIM today having successfully raised £6 million gross for the company through the placing of 3,846,153 new ordinary shares at a price of 156 pence per share. Based on this price, the total market capitalisation upon admission was £16.2 million.
Osirium protects critical 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.
Osirium has defined and delivered PAM 2.0, which the Company’s Directors view as the next generation Privileged Account management solution. The team has developed the concept of Virtual Air Gap to separate users from passwords, with Osirium’s Privileged Task Management module further strengthening Privileged Account security and delivering impressive return on investment (“ROI”) for customers.
David Guyatt, Chief Executive Officer, commented:
"I am delighted that Osirium has joined AIM having successfully raised £6 million of new funding and we welcome all of our new shareholders. We are excited about the opportunity as a quoted company to capitalise on the growth dynamics of the vibrant cyber-security market and establish Osirium as a recognised leader in our field."
Panmure Gordon (UK) Limited is acting as Financial Adviser, Nominated Adviser and Broker to the Company.