REG - Intercede Group PLC - Continued Momentum with New Contract Orders

IntercedeAnnouncement

12/03/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250312:nRSL2554Aa&default-theme=true

RNS Number : 2554A  Intercede Group PLC  12 March 2025

12 March 2025

INTERCEDE GROUP plc

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

 

Continued Momentum with New Contract Orders

Intercede, the leading cybersecurity software company specialising in digital
identities, is pleased to announce continued momentum in the business with
further contract orders worth over $1.37m in aggregate, signed during the
quarter ending March 2025.

These include the following new orders:

 

·    a major 3-year subscription licence order for MyID SecureVault
through a systems integrator for a government end client based in AsiaPac. The
initial order is c$0.55m over the period;

 

·    enhanced professional services order, of more than $0.4m, to an
existing client in the US federal space to further assist the deployment of
MyID CMS;

 

·    enhanced professional services order, of more than $0.25m, to an
existing client in the US federal space to assess and assist in a future
deployment of MyID CMS;

 

·    professional services order, of more than $0.17m, to an existing US
federal agency, specialising in providing technological capabilities and
support to the national banking system.

 

These orders, received via our partners, further underpin the Group's revenue
(updated on 8 January 2025) for FY25 and contracted revenue backlog for FY26,
FY27 and FY28.

 

Klaas van der Leest, CEO, commented:

 

"We are very pleased to secure our second subscription licence order for MyID
SecureVault in AsiaPac, especially as we launched the new product only in
December 2024. The order was contracted through one of our partners, one of
Asia's leading cyber security services providers, and once again, underpins
our go-to-market strategy. It is another great example of an increasingly
geo-diversified pipeline.

 

Further, continued momentum in professional services contracts in our US
federal space is welcome, reassuring and underlines the business-critical
nature our software for our client base, both current and future".

ENQUIRIES

 Intercede Group plc                   Tel. + 44 (0)1455 558111
 Klaas van der Leest                   CEO
 Nitil Patel                           CFO

 Cavendish Capital Markets Limited     Tel. + 44 (0)20 7220 0500
 Marc Milmo/Fergus Sullivan/Rory Sale  Corporate Finance
 Tim Redfern/Ondraya Swanson           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  CNTPKDBKOBKDPND