REG - Intercede Group PLC - New Contract and Renewal Orders

IntercedeAnnouncement

21/11/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231121:nRSU0564Ua&default-theme=true

RNS Number : 0564U  Intercede Group PLC  21 November 2023

21 November 2023

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

 

New Contract and Renewal Orders

 

Intercede, the leading specialist in digital identity, credential management
and secure mobility, is pleased to announce that the Group has secured the
following new contract and renewal orders:

 

·    New licence order for MyID CMS from a major world governance bank
based in Europe;

·    Commencement of professional services for a new deployment with a
significant US Federal Agency;

·    Upgrade by a large Transportation Agency in the US; and

·    Renewal of Support and Maintenance contracts across a host of smaller
clients of the Group.

 

These orders, with an aggregate contract value in excess of $0.5m, underpin
the Group's revenue for FY24 and creates contracted revenue backlog for FY25.

 

Klaas van der Leest, CEO, commented:

 

"With the release of our H1 results today we are pleased to announce further
new contract wins in Europe and the US. These contracts and renewals
strengthen our recurring revenues and continue the Group's strong momentum in
FY24."

 

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/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 (http://www.intercede.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTBMBBTMTJTTMJ