REG - Intercede Group PLC - Contract Win

IntercedeAnnouncement

02/02/2022 07:00

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RNS Number : 3774A  Intercede Group PLC  02 February 2022

 

 

 

 2 February 2022

INTERCEDE GROUP plc

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

 

Contract Win

 

 

Intercede, the leading specialist in digital identities, credential management
and secure mobility, is pleased to announce that it has successfully won a
competitive bid to supply a new customer, a prestigious independent US Federal
Agency.

 

The contract relates to the supply of Intercede's MyID credential management
software to deploy digital identities to mobile devices in the form of derived
PIV credentials, compliant with US government security standard FIPS 201 and
SP800-157. The solution leverages Intercede's technology partnership with
Microsoft, by delivering PKI credentials into Microsoft Intune managed
smartphones enabling sensitive data protection and secure access to agency
systems.

 

A purchase order has been received for an initial 20,000 devices plus
associated Professional Services and Support & Maintenance totalling
$0.5m, the majority of which will be recognised as revenue in the current
financial year. The deployment has the potential to rollout to substantially
more devices over time.

 

Intercede CEO Klaas van der Leest said:

"I am delighted that this leading Federal Agency has chosen MyID to meet their
mobile security needs, demonstrating the ongoing relevance of MyID to provide
the highest levels of security on a wide range of modern devices, a
cornerstone of digital transformation and zero trust architectures."

 

The contract was included within the directors' expectations for the current
financial year ending 31 March 2022.

 

 

ENQUIRIES

 

 Intercede Group plc                               Tel.   +44 (0)1455 558111
 Klaas van der Leest, Chief Executive

 Andrew Walker, Finance Director

 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 company specialising in digital identities,
derived credentials and access control, enabling digital trust in a mobile
world.

 

Headquartered in the UK, with offices in the US, we believe in a connected
world in which people and technology are free to exchange information
securely, and complex insecure passwords become a thing of the past.

 

Our vision is to make the highest levels of cybersecurity available to
organizations and consumers alike, solving complexity and scalability issues
by managing high volumes of digital credentials.

 

We have been delivering trusted solutions to high profile customers for over
20 years. Our team of experts has deployed millions of identities to
governments, most of the largest aerospace and defence corporations, and major
financial services and healthcare organizations, as well as leading
telecommunications, cloud services and information technology firms, providing
industry-leading employee and customer credential management systems.

 

For more information visit: www.intercede.com (http://www.intercede.com)

 

 

 

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