29
January 2024
INTERCEDE GROUP
plc
('Intercede', the 'Company'
or the 'Group')
New Orders
Intercede, the leading
cybersecurity software company specialising
in digital identities, is pleased to announce that the Group has secured the
following new orders:
· New customer in the
UK with a large aerospace and defence integrator, servicing a new
deployment within HM Government, for MyID CMS with associated
options for future product and licence expansion;
·
New technology client for MyID CMS in the Middle
East; and
· Enhanced
professional services order to an existing client in the US federal
space to assess and assist in a future deployment of MyID
CMS.
These orders, with an aggregate
contract value in excess of £0.6m, underpin the Group's revenue for
FY24 and creates contracted revenue backlog for FY25.
Klaas van der Leest, CEO, commented:
"It is particularly pleasing to
announce further traction through our partners in the UK and Middle
East, especially the former which has been long in development. The
Group has hit the ground running for Q4 and momentum is being
maintained in to FY25 and beyond. Our pipeline continues to develop
in line with our expectations".
ENQUIRIES
Intercede Group plc
Tel. +44 (0)1455 558 111
Klaas van der Leest, CEO
Nitil Patel, CFO
Cavendish Capital Markets
Limited
Tel. +44 (0)20 7220 0500
Simon Hicks/Fergus Sullivan,
Corporate Finance
Tim Redfern, Corporate
Broking
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