Osirium Technologies wins private equity customer

Cyber-security software provider Osirium Technologies announced a new customer win on Wednesday with one of Europe's leading private equity firms.

Osirium said the contract, set for an initial twelve-month term, was to deliver its full PxM product offering of Privileged Account Management and Privileged Task Management modules with associated consultancy services to the private equity client.

The main focus of the contract will be on tightening security controls and access and introduce reporting and auditing of systems and applications.

Giving a clue of the size of the new client company, Osirium said that since 1994 it has invested over €16bn in 34 businesses with an aggregate enterprise value of over €48bn.

David Guyatt, chief executive officer, commented: "We are delighted to secure this major new financial services customer and a further 'land and expand' licensing deployment.

"With the recent and highly-publicised spike in cyber terrorism and increasing numbers of businesses suffering devastating data breaches, they wanted to ensure that their customers did not suffer such a fate. The most important area to the Group was to control access to privileged devices, applications and infrastructure by internal staff and third-party service providers. Osirium looks forward to working with them closely to deliver an effective and secure interface."