28 February 2019
Intercede Group plc
(“Intercede” or the “Company”)
Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce the first sale of its MyID credential management software to an end customer in the region of SE Asia.
An order totalling $0.5m has been received from a new Partner with offices in Singapore, Hong Kong and Malaysia, that does business throughout the region. The order includes software licenses, associated Support & Maintenance, Development and Professional Services; some of which will be recognised as revenue beyond the current financial year.
It is also anticipated that this first contract will lead on to further business in the region in future years.
|Intercede Group plc||Tel. +44 (0)1455 558111|
|Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
|finnCap||Tel. + 44 (0)20 7220 0500|
|Stuart Andrews, Corporate Finance|
|Simon Hicks, Corporate Finance|
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 organisations 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 organisations, 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
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.