Osirium Technologies Says 2021 Revenue Rose on Bigger Customer Base

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by Michael Susin

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Osirium Technologies Plc said on Friday it expects to report bookings and revenue for 2021 in line with last year and has grown its customer base despite lower contract values.

The UK vendor of cybersecurity software said bookings for the year ended 31 December are expected to be at least £1.6 million ($2.2 million), compared to GBP1.57 million last year.

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The company is expected to report revenue of GBP1.45 million compared to GBP1.43 million posted in 2020.

Osirium said it more than doubled its customer base to more than 100 customers in 2021.

The company said, “While the average initial contract value has remained low due to delays in decision making on large strategic IT projects during the pandemic, the group’s significantly increased customer base increases sales opportunities in line with its land and expansion strategy.” ,” said the company. ,

Write to Michael Susin at [email protected]

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