Cybersecurity software company Osirium reveals plans to float on Aim in April, with Panmure Gordon acting as nominated adviser

 
Hayley Kirton
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The company focuses its software on tracking and protecting privileged accounts (Source: Getty)

Osirium has today revealed its plans to start trading on the London Stock Exchange later this year.

The UK-based cybersecurity software company, which focuses on monitoring how systems' privileged accounts are being used and how they can be protected, is aiming to raise at least £4m after expenses so that it can start trading on Aim in April.

Osirium's operational management team has just shy of 100 years of IT security software experience between them and the company also has three patent applications pending.

"Our team has demonstrated that it can innovate and deliver technology that improves the security of businesses in this cyber-age," said David Guyatt, chief executive of Osirium. "We are also fortunate to have the confidence, commitment and support of our growing customer base."

The company, which was founded in 2008, hopes that the float will raise funds to help support its growth into the expanding marketplace.

Guyatt added: "The IPO will enhance the credibility and profile of Osirium which will help attract new customers and enable us to retain and recruit high quality employees. We are excited about the opportunity in front of us to capitalise on the growth dynamics of this vibrant market and establish Osirium as a recognised leader in our field."

Panmure Gordon is acting as nominated adviser and broker for the company.

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