Investor news article Multiple Customers choose to Upgrade MyID

RNS – Connect Partner Programme & Q1 Contract Wins

Date: July 5th 2021 | Author: Chris Edwards | Topic: Investor News, RNS

INTERCEDE GROUP plc

(‘Intercede’, the ‘Company’ or the ‘Group’)

Connect Partner Programme & Q1 Contract Wins

Intercede, the leading specialist in digital identities, credential management and secure mobility, is pleased to announce strong progress with its recently launched Connect Partner Programme, which underpins the current and future growth of the Company through new partnerships in Europe, United States, ASEAN, Latin America and Africa. The strength of these new relationships has resulted in a record number of six new customers being signed up during Q1, with orders received totalling in excess of £600,000, most of which will be recognised in the current fiscal year.

Building on the launch of the Connect Partner Programme in February 2020, new and enhanced relationships have been formed via both Technology Partnerships with organisations such as Aware, Yubico, Utimaco, Primekey, Sailpoint, Feitian, Authentrend, GoTrustID and Entrust as well as Reseller Partnerships, including but not limited to CertiPath, Altron, Guidehouse, Expisoft, eSysco, ASKON, Cryptas, WidePoint, TSM and Nevo Technologies.

With the continued rise of data breaches coupled with a shift to remote working and the increased pace of digital transformation, these partners recognise that many of their customers in Federal/Government, Defence & Aerospace, Finance, Healthcare, Industry and Telecoms are looking to enhance their IDAM offerings with Intercede’s MyID products when it comes to strong authentication and digital identities to enable them to secure their customers better.

Klaas van der Leest, Intercede’s CEO, added:

 ”Despite launching our Connect Programme just before the COVID-19 pandemic began, we have made strong progress in the wider partner community as witnessed by the new and refreshed relationships and we fully expect further new partnerships to be added across many regions in 2021. During the last fiscal year, over 90% of new business revenue was booked through the Connect Partner Programme and it is pleasing to see this momentum continuing during the first quarter of the current year.”

ENQUIRIES

Intercede Group plc                                                             Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive

Andrew Walker, Finance Director

finnCap                                                                                  Tel. +44 (0)20 7220 0500
Stuart Andrews / Simon Hicks, Corporate Finance

Tim Redfern / Charlotte Sutcliffe, ECM

About Intercede

Intercede is a cybersecurity company specialising in digital identities, credential management and secure mobility.

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 all organisations, solving complexity issues by simplifying the management of digital credentials, securely and at scale.

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: intercede.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the company’s obligations under Article 17 of MAR.

 


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