REG - Intercede Group PLC - New Contract Upsell Orders and Renewal

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RNS Number : 1943B  Intercede Group PLC  21 April 2026

21 April 2026

INTERCEDE GROUP plc

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

 New Contract Upsell Orders and Renewal

 

Intercede, the leading cybersecurity software company specialising in digital
identities, today announces new contract upsell orders and a renewal.

Further to the announcement on 9 April 2026, Intercede is pleased to provide
details of additional  contract wins that further underscore the Group's
improving order intake momentum as it enters the new financial year:

·      An upsell to an existing large US Federal Agency of new perpetual
licences for MyID CMS, including support and maintenance, totalling c$3.6m;

·      An upsell to an existing UK Government Department of new
perpetual licences for MyID CMS and associated support and maintenance,
totalling c$0.1m;

·      A renewal of support and maintenance for an existing MyID CMS
deployment in a large US Federal Agency, totalling c$0.1m.

These orders, totalling c$3.8m, have been received via the Group's partners.

Klaas van der Leest, CEO, commented:

 

"As outlined in our updates on 17 March and 9 April, FY26 revenues were
impacted by procurement delays rather than lost opportunities. Today's update
further reinforces our confidence that these opportunities were deferred, not
lost, as our pipeline continues to convert.

 

The scale of upsell activity with existing US Federal and UK Government
customers is particularly encouraging, providing a strong start to FY27 and
strengthening confidence in the Group's ability to continue to deliver while
remaining mindful of the current global environment".

 

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/Trisyia Jamaludin  Corporate Finance
 Matt Lewis                                    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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