Wednesday 19th June 2019

Osirium wins two new contracts in transport, travel and financial service sectors

Published on March 7th, 2019

Cloud-based cybersecurity software vendor, Osirium Technologies plc , has announced two new contract wins. The unnamed customers are one of the UK’s main providers of travel and transport services, and the UK division of a global provider of financial services.

Under the terms of both contracts Osirium will deliver its full PxM Platform including the Privileged Access Management, Privileged Task Management and Privileged Session Management modules. With both customers the solution will manage and control access from third party privileged users into complex environments comprising Linux, Windows and Network Infrastructure devices.

The travel and transport services initial customer license is for more than 500 devices and is set to run for 12 months. Of particular importance is the ability to record the actions carried out by third parties, such as external contractors, to ensure the customer meets its auditing commitments.

The financial services initial customer licence is for 150 devices, is set to run for 12 months, and covers a comprehensive package of software, consultancy, training and 24/7 technical support. For this customer the Osirium solution has been selected to help address three significant challenges:

  • demonstrating rigorous compliance with SWIFT regulatory requirements;
  • protecting internal staff against potential security breaches, such as those associated with managing long and complex passwords;
  • establishing an effective model for managing external contractor access to privileged accounts but without compromising security.

David Guyatt, chief executive officer, comments: “We are delighted to have been awarded these two contracts, one of which involved displacing a competing vendor. These wins further underline the increasing acceptance of Osirium as a Privileged Access Management solution provider able to address complex customer requirements.

Helping organisations take control of privileged accounts accessed by third parties has been a recurring theme for some time, and rigorous auditing is a now also a major challenge for a growing number of customers. At the heart of these wins was Osirium’s ability to address the entirety of the customer’s multi-vendor environment as well as automating essential operating tasks.”

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow