REG - Intercede Group PLC - New Orders

IntercedeAnnouncement

29/01/2024 07:00

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RNS Number : 1275B  Intercede Group PLC  29 January 2024

29 January 2024

INTERCEDE GROUP plc

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

 

New Orders

 

Intercede, the leading cybersecurity software company specialising in digital
identities, is pleased to announce that the Group has secured the following
new orders:

 

·   New customer in the UK with a large aerospace and defence integrator,
servicing a new deployment within HM Government, for MyID CMS with associated
options for future product and licence expansion;

·    New technology client for MyID CMS in the Middle East; and

·   Enhanced professional services order to an existing client in the US
federal space to assess and assist in a future deployment of MyID CMS.

 

These orders, with an aggregate contract value in excess of £0.6m, underpin
the Group's revenue for FY24 and creates contracted revenue backlog for FY25.

 

Klaas van der Leest, CEO, commented:

 

"It is particularly pleasing to announce further traction through our partners
in the UK and Middle East, especially the former which has been long in
development. The Group has hit the ground running for Q4 and momentum is being
maintained in to FY25 and beyond. Our pipeline continues to develop in line
with our expectations".

 

 

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, Corporate Broking

 

 

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)

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