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RNS – Contract Renewal Orders

Karen Moulds September 4th 2023 Investor News, RNS

INTERCEDE GROUP plc

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

Contract and Renewals Orders

Intercede, a cybersecurity software company specialising in digital identities, is pleased to announce that the Group has secured the following contract and renewal orders:

  • New licence order for MyID CMS from a large existing Federal Agency client
  • New 3- year licence order for MyID MFA from a global aluminium producer in the Middle East
  • Renewal of Support and Maintenance contract with a major US Defence and Aerospace manufacturer
  • 3-year renewal of Support and Maintenance contract with an agency within the Department of Transportation in the US.

These orders, with an aggregate contract value in excess of $2m, underpin the Group’s revenue forecasts for FY24, creating contracted revenue backlog for FY25 and FY26 as well as further enhancing recurring revenue KPI’s.

Klaas van der Leest, CEO, commented:

‘I am pleased that all the above orders were contracted through resellers and partners, thereby highlighting the importance of the Connect Partner Programme and further substantiating the Group’s go to market strategy. At the same time, the pipeline continues to strengthen and develop in line with our expectations.’

ENQUIRIES

Intercede Group plc                                                                                  Tel. +44 (0)1455 558 111

Klaas van der Leest, CEO

Nitil Patel, CFO

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 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

Trusted by Governments and Enterprises Worldwide

Where protecting systems and information really matters, you will find Intercede.  Whether its citizen data, aerospace and defence systems, high-value financial transactions, intellectual property or air traffic control, we are proud that many leading organisations around the world choose Intercede solutions to protect themselves against data breach, comply with regulations and ensure business continuity.