Osirium Technologies Shares Rise on New Business Wins

By Joe Hoppe

Shares in Osirium Technologies PLC rose on Wednesday after the company said that it has secured a number of new business wins at improved values.

Shares at 0826 GMT were up 1.5 pence, or 32% at 6.25 pence.

The U.K. provider of cybersecurity software said that the wins bring the total number of new customers won in January and February to nine, with four of the new contracts a greater value than any deal signed in 2021.

The total value of the bookings signed since the start of the year is up compared with the same period in 2021, the company said, adding that it believes this represents a return to pre-coronavirus pandemic contract values.

After record new customer wins in 2021, the pipeline continues to be strong going into 2022, with particular opportunities in National Health Service trusts and the higher education sector, the company said.

"We achieved a record number of customer wins in 2021, albeit with lower contract values, and I'm delighted to see we are now seeing a continuation of this rate of customer acquisition in tandem with a return to pre-pandemic average contract values," Chief Executive David Guyatt said.

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