Intercede is pleased to announce the award of a contract with a major US aerospace and defense contractor. This is in addition to the contract with a European aerospace company announced on 25 September 2013.
With this latest contract, Intercede’s MyID software will be trusted to manage the identity credentials of more than 500,000 employees across four of the six largest global aerospace and defense contractors, working in some of the world’s most security sensitive environments.
This contract will contribute to revenues in the current financial period and beyond. The average period of revenue generating engagement with a new Intercede customer exceeds five years.
Richard Parris, Chief Executive and Chairman of Intercede, said: “It is significant that yet another major aerospace and defense company has chosen to invest a major part of its identity and authentication strategy in Intercede’s technology. This is a tremendous reinforcement of our market leading position in the cybersecurity ecosystem and is indicative of our growth trajectory”.
Following yesterday’s CBI Conference, Regional Director Lucy Haynes said: “The CBI campaigns to ensure the UK government provides the support necessary to enable medium-sized businesses, such as Intercede, to thrive in export markets around the world. Intercede already generates over 80% of its revenues in overseas markets and is a prime example for ambitious firms who want to grow.”
Intercede® is a security software provider whose MyID® identity management platform enables global organizations and governments to create trusted digital identities for employees and citizens on secure devices such as smart cards, smartphones and tablets. MyID enables the protection of IP, assets, and digital content, delivering trusted digital identities as the cornerstone of cyber security strategies for government, defense, financial services and other industries.
The Company operates in global markets (including the US, Europe and Middle East) and works with large international partners to deliver flexible digital identity solutions that are interoperable with other existing technologies and which are tailored to customer needs.
The world’s largest governments, major corporations and mobile network operators trust Intercede’s deep expertise to deliver effective solutions. The Company’s technology achievements reflect a significant investment in the development of intellectual property, exemplary speed of deployment and adherence to international standards including FIPS 201, where MyID was the first electronic personalization product to obtain GSA approval. This trust is reflected in Intercede’s rate of repeat business with its customers, which typically runs at 70-80% of annual revenues.
Intercede has been developing ID management systems since 1992 and MyID is currently deployed by end customers located in 24 countries. The company is headquartered in the UK, listed on the London Stock Exchange (AIM: IGP) and is ISO 9001 and TickIT certified.
For more information visit www.intercede.com
Intercede Group plc
Tel.+44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Pelham Bell Pottinger
Tel. +44 (0)7802 442486