REG - Intercede Group PLC - Contract wins/renewals

IntercedeAnnouncement

03/04/2023 07:15

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RNS Number : 0463V  Intercede Group PLC  03 April 2023

3 April 2023
 
 

INTERCEDE GROUP plc

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

Contract wins/renewals

Intercede, a cybersecurity software company specialising in digital
identities, provides an update on further contract wins and renewals.

As announced on 23 January 2023, the Group had several contract opportunities
that could close before the end of the financial year ended 31 March 2023
("FY23"). Intercede is pleased to confirm that a majority of these
opportunities have been closed, and it has also renewed several support and
maintenance contracts. The total value of these contract wins/renewals is in
excess of $6.0m, which will be recognised from FY24 onwards.

 

These contract wins/renewals include:

 

-   a large US Federal Government order totalling $3.4m for annual
subscription renewal on a longstanding existing project for the period from 1
April 2023 to 31 March 2024;

-      a three-year renewal totalling $1.56m; and

-      two new customers.

 

In line with normal practice, an FY23 trading update will be provided with
further detail in the coming weeks.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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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