Contract Win

RNS Number : 3774A

Intercede Group PLC

02 February 2022

 

 2 February 2022

INTERCEDE GROUP plc

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

Contract Win

Intercede, the leading specialist in digital identities, credential management and secure mobility, is pleased to announce that it has successfully won a competitive bid to supply a new customer, a prestigious independent US Federal Agency.

The contract relates to the supply of Intercede's MyID credential management software to deploy digital identities to mobile devices in the form of derived PIV credentials, compliant with US government security standard FIPS 201 and SP800-157. The solution leverages Intercede's technology partnership with Microsoft, by delivering PKI credentials into Microsoft Intune managed smartphones enabling sensitive data protection and secure access to agency systems.

A purchase order has been received for an initial 20,000 devices plus associated Professional Services and Support & Maintenance totalling $0.5m, the majority of which will be recognised as revenue in the current financial year. The deployment has the potential to rollout to substantially more devices over time.

Intercede CEO Klaas van der Leest said:

"I am delighted that this leading Federal Agency has chosen MyID to meet their mobile security needs, demonstrating the ongoing relevance of MyID to provide the highest levels of security on a wide range of modern devices, a cornerstone of digital transformation and zero trust architectures."  

The contract was included within the directors' expectations for the current financial year ending 31 March 2022.

ENQUIRIES

Intercede Group plc	Tel. [phone]
Klaas van der Leest, Chief Executive Andrew Walker, Finance Director
finnCap Ltd	Tel. + 44 (0)20 7220 0500
Simon Hicks / Fergus Sullivan, Corporate Finance Tim Redfern / Charlotte Sutcliffe, ECM

About Intercede

Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com

 

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