Inactive Instrument

OSIM TECH

Equities

OSI

GB00BZ58DH10

Osirium Technologies shares suspended as takeover completes

October 30, 2023 at 09:54 am EDT

Osirium Technologies PLC - Theale, England-based vendor of cloud-based cybersecurity and IT automation software - Shares are suspended from trading on AIM on Monday, as takeover by SailPoint Technologies UK Ltd becomes effective. At the end of August, Osirium agreed to an offer from SailPoint of 2.35 pence per share in cash. This valued Osirium's shares at GBP3.1 million and gave the company an enterprise value, including debt, of GBP6.6 million. Osirium shareholders approved the deal earlier this month. Shares will be cancelled from AIM on Tuesday.

Current stock price: 2.20p

12-month change: down 20%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about OSIM TECH

Osirium Technologies Delists in London Amid SailPoint Technologies UK’s Takeover	23-10-31	MT
Osirium Technologies shares suspended as takeover completes	23-10-30	AN
SailPoint Completes Acquisition of Britain's Osirium Technologies	23-10-30	MT
Sailpoint Technologies Uk Ltd completed the acquisition of Osirium Technologies PLC (AIM : OSI) from Group of shareholders.	23-10-29	CI
UK Court OKs SailPoint's Purchase of Osirium Technologies	23-10-26	MT
Osirium Shareholders Approve Proposed GBP3 Million Takeover by SailPoint	23-10-12	MT
Osirium Technologies revenue rises; targets new contract wins	23-09-07	AN
Earnings Flash (OSI.L) OSIRIUM TECHNOLOGIES Reports H1 Revenue GBP1.1M	23-09-07	MT
Osirium Technologies PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-07	CI
FTSE 100 Ends Higher, Helped by Hopes of US Rate Pause	23-08-30	DJ
Stocks up as soft US data lifts hope of Fed pause	23-08-30	AN
SailPoint Technologies to Acquire Osirium Technologies for GBP3 Million	23-08-30	MT
UK Net Mortgage Approvals Fall As Interest Rates Remain High	23-08-30	DJ
Osirium agrees to takeover by SailPoint Technologies after challenges	23-08-30	AN
Sailpoint Technologies Uk Ltd entered into a scheme of arrangement to acquire Osirium Technologies PLC (AIM : OSI) for £2.87 million.	23-08-29	CI
FTSE Closes Tuesday Up 0.6% Lifted by Banks, Oil Stocks; Ocado Soars	23-07-18	DJ
UK Consumers Cut Spending Amid Rising Mortgage Rates	23-07-18	DJ
Osirium eyes raising further capital before year-end	23-07-18	AN
FTSE 100 Closes Down Dragged by Property Stocks; IAG Shines	23-05-09	DJ
UK Home Builders Drop as House Prices Fall in April	23-05-09	DJ
Osirium Technologies shares up amid new customer wins	23-05-09	AN
BOE Could Begin to Cautiously Cut Rates in 4Q	23-05-09	DJ
FTSE 100 Falls After Weaker UK House Price Data	23-05-09	DJ
Osirium Technologies plc Announces Trading Results First Quarter 2023	23-05-09	CI
FTSE 100 Closes 0.9% Lower as Banks Struggle	23-03-23	DJ

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Company Profile

Osirium Technologies plc is a cybersecurity software provider. The Company delivers Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Osirium Automation solutions. It operates through the sale of software subscriptions and consultancy services segment. Its products can be deployed in the cloud or on-premises to protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing privileged accounts, removing unnecessary access and powers of privileged account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen. Its PEM solution balances security and productivity by removing risky local administrator rights from users while at the same time allowing escalated privileges for specific applications. It serves various industries, including education, finance, government and defense, healthcare, industrial control system and others.

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