Cyber-security specialist Osirium confirms continued annual growth

Cybersecurity software provider Osirium Technologies confirmed that trading in the calendar year had continued to improve as hoped, and that results would be in line with market expectations.

The AIM-listed company, which provides is products on a software-as-a-service basis, added that it was "very confident" in the firm's prospects moving forward. Based in Reading, Berkshire, Osirium's approach to protecting computer infrastructure and devices is to preventing access to company's 'privileged accounts' that control financial and personal private data, removing unnecessary access and powers of privileged account users, deterring such account users from abusing their roles and containing the effects of a breach if one does happen.

David Guyatt, chief executive officer, said, "We are pleased with the strong progress made during the period, with a number of new contract wins and renewals across a wide range of sectors, providing a growing base of 'land and expand' deployments."

"The group is also confident that there will be further progress as new prospects are converted through our UK and international channel partners," he added.

As of 1030 GMT, Osirium shares had dropped 2.28% to 150.00p.