Contract Orders and Subscription Renewals

Intercede Group PLC

02 September 2024

 

2 Sept 2024

INTERCEDE GROUP plc

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

Contract Orders and Subscription Renewals

Intercede, the leading cybersecurity software company specialising in digital identities, today announces further contract orders and subscription renewals, in excess of $1.5m in value.

Amongst these orders and renewals, Intercede is pleased to confirm the following:

·    a large US Federal Government order for MyID CMS, totalling c.$0.6m in licence sales and associated support and maintenance. The order also incorporates a subscription element with third party embedded product;

·    enhanced professional services order, of more than $0.8m, to an existing client in the US federal space to further assist in deployment of a large scale MyID CMS;

·    enhanced professional services order to an existing client in the US federal space to assess and assist in a future deployment of MyID CMS; and

·    a MyID CMS Enterprise licence order with an existing European Bank.

These orders and renewals, received via our partners, 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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