REG - Intercede Group PLC - Update on Major New Contract Win

IntercedeAnnouncement

07/12/2023 07:00

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RNS Number : 9524V  Intercede Group PLC  07 December 2023

7 December 2023

INTERCEDE GROUP plc

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

 

Update on Major New Contract Win

 

Further to the major new contract win announced on 5 December 2023, Intercede,
the leading specialist in digital identity, credential management and secure
mobility, is pleased to announce that the Group has been awarded a
professional services order to help deploy MyID Credential Management Solution
(CMS) to the same large US Federal Agency.

 

This additional order, with an aggregate value in excess of $0.8 million,
underpins the Group's upgraded FY24 and FY25 forecasts.

 

Klaas van der Leest, CEO, commented:

 

"Once again, I am pleased to announce a further order that supports our
upgraded forecasts for FY24 and FY25. This is a testament of the hard work my
colleagues have done and indeed continue to do so. This is an Intercede team
working well with our Partners and Clients."

 

 

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)

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