It has been another year of significant progress for Osirium in which we have achieved record levels in bookings and revenue and further grown our customer base while also taking substantial steps to reach cash breakeven and beyond.
The market demand for privileged security continues to strengthen, with businesses recognising privileged security as an essential component of cybersecurity despite turbulent macroeconomic conditions. This is reflected in the healthy levels of product and license expansion from existing customers in 2022, reinforced by the emergence of PPA and PEM as standalone products during the period.
We have started the new year with a refocused sales strategy and a partner first sales approach, through which we expect to see increased interest across a wider range of sectors and geographies. As privileged security continues to rise up the agenda of IT professionals globally, we are excited for the future and the continued growth of the business.
Chief Executive Officer