Intercede, the Leicester based supplier of identity and credential management software, reported strong performance in a trading update for its financial year to March 2011 driven by increasing industrial demand for its digital security products.

Intercede anticipates results will show sales c.10% ahead of 2009/10's £6.2 million, a pre-tax profit of c. £2.0 million (2010: £510,000) and year end net cash £6.0 million (2010: £4.7 million). Intercede achieved growth despite the loss of expected revenues from the UK National Identity scheme which was cancelled by the current UK government in May last year. Sales to US government agencies and their contractors along with other foreign sales more than made up for the shortfall. Stronger growth is expected over the next 12-24 months as they look to new markets and partners.

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