Trading Update

RNS Number : 1543X

Intercede Group PLC

08 January 2014

 



Released: 8/1/2014

Embargoed until: 8/1/2014

Intercede Group plc

("Intercede")

Intercede is a leading provider of identity and credential management software,

creating trusted digital identities through its proprietary MyID product.

 Trading Update

We are pleased to report that Intercede continues to generate strong revenue growth. As a result, after the first 9 months of the current financial year, Intercede has matched the revenues achieved in the whole of the previous year.

This is in line with expectations and reflects continued progress with existing customers and previously announced new contract wins.

Richard Parris, Chairman and Chief Executive, said: "This statement means that shareholders can remain confident that Intercede will deliver on the execution of its business strategy for the 2014 financial year and we are very well positioned to exploit anticipated market growth in the following period".

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Enquiries

Intercede Group plc                                                           Tel. [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director

Lorraine Homer, Communication Director

finnCap Ltd                                                                         Tel. [phone]
Stuart Andrews, Corporate Finance

Joanna Weaving, Corporate Broking

Pelham Bell Pottinger                                                        Tel. [phone]

Archie Berens

About Intercede

Intercede is a software company specialising in identity and credential management with a global team of experts located in the US and UK.

Intercede's MyID identity and credential management software enables organisations to create and use trusted digital identities for employees, citizens and machines. This allows secure access to services, facilities, information and networks.

MyID meets the highest government standards yet is simple enough to be deployed onto consumer devices such as smart phones and tablets. Critically, MyID provides an easy, convenient and secure alternative to passwords.

Millions of identities are managed using MyID and Intercede has provided identity verification and management services to global customers for more than 20 years. MyID is a commercial off the shelf software product, designed and developed to be configurable so it can be embedded as the cornerstone of cyber security infrastructure for governments and corporations.

Customers trusting Intercede for secure digital identity include the US and UK governments and some of the world's largest corporations, telecommunications providers and information technology partners.

 

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