Contract Orders and Renewals

Intercede Group PLC

18 September 2024

 

18 Sept 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Contract Orders and Renewals

Intercede, the leading cybersecurity software company specialising in digital identities, today announces further contract orders and renewals, of more than, in aggregate, $1.3m in value.

Intercede is pleased to confirm the following orders and renewals:

·    Department of State (DoS) order for MyID CMS, totalling c.$0.74m in licence sales and associated support and maintenance;

·    enhanced professional services order, of more than $0.18m, to assist in an upgrade to a newer version of MyID CMS as well as ongoing operational support;

·    a licence order and support and maintenance renewal with a large defence contractor in excess of $0.36m; and

·    a professional services order from a large US aerospace and defence manufacturer totalling c$0.05m.

These orders and renewals, received via our partners, further underpin the Group's revenue for FY25 and contracted revenue backlog for future years.

ENQUIRIES

Intercede Group plc	Tel. + 44 (0)1455 558111
Klaas van der Leest	CEO
Nitil Patel	CFO
Cavendish Capital Markets Limited	Tel. + 44 (0)20 7220 0500
Marc Milmo/Fergus Sullivan	Corporate Finance
Tim Redfern/Ondraya Swanson	ECM

About Intercede

Intercede is a cybersecurity software company specialising in digital identities, and its innovative solutions enable organisations to protect themselves against the number one cause of data breach: compromised user credentials.

The Intercede suite of products allows customers to choose the level of security that best fits their needs, from Secure Registration and ID Verification to Password Security Management, One-Time Passwords, FIDO and PKI. Uniquely, Intercede provides the entire set of authentication options from Passwords to PKI, supporting customers on their journey to passwordless and stronger authentication environments. In addition to developing and supporting Intercede software, the Group offers professional services and custom development capabilities as well as managing the world's largest password breach database.

For over 20 years, global customers in government, aerospace and defence, financial services, healthcare, telecommunications, cloud services and information technology have trusted Intercede solutions and expertise in protecting their mission critical data and systems at the highest level of assurance.

For more information visit: www.intercede.com

 

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