REG - Intercede Group PLC - Contract and Renewals Orders

IntercedeAnnouncement

04/09/2023 07:00

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RNS Number : 2001L  Intercede Group PLC  04 September 2023

4 September 2023

INTERCEDE GROUP plc

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

 

Contract and Renewals Orders

 

Intercede, a cybersecurity software company specialising in digital
identities, is pleased to announce that the Group has secured the following
contract and renewal orders:

 

·    New licence order for MyID CMS from a large existing Federal Agency
client;

·    New 3- year licence order for MyID MFA from a global aluminium
producer in the Middle East;

·    Renewal of Support and Maintenance contract with a major US Defence
and Aerospace manufacturer; and

·    3-year renewal of Support and Maintenance contract with an agency
within the Department of Transportation in the US.

 

These orders, with an aggregate contract value in excess of $2m, underpin the
Group's revenue forecasts for FY24, creating contracted revenue backlog for
FY25 and FY26 as well as further enhancing recurring revenue KPI's.

 

Klaas van der Leest, CEO of Intercede, commented:

 

"'I am pleased that all of the above orders were contracted through resellers
and partners, thereby highlighting the importance of the Connect Partner
Programme and further substantiating the Group's go to market strategy. At the
same time, the pipeline continues to strengthen and develop in line with our
expectations."

 

ENQUIRIES

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

 finnCap Ltd                      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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