Intercede Group PLC Contract and Renewals Orders (5478S)
07 11월 2023 - 4:00PM
UK Regulatory
TIDMIGP
RNS Number : 5478S
Intercede Group PLC
07 November 2023
7 November 2023
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Contract and Renewals Orders
Intercede, the leading cybersecurity software company
specialising in digital identities, is pleased to announce that the
Group has secured the following contract and renewal orders:
-- New top-up licence order for MyID CMS from a large existing
US Defence and Aerospace manufacturer;
-- New Technology Client for MyID PSM in the Middle East, and
although the value is relatively small it increases the Group's
footprint in the sector and location;
-- New Government Agency for MyID MFA/PSM in the Middle East
again increasing the Group's reach in this country;
-- Significant upgrade by a large northern European Bank of MyID CMS; and
-- Renewal of a sizable Support and Maintenance contract with a
major US Federal Agency, with renewal increasing in monetary terms
by approximately 45%.
These orders, with an aggregate contract value in excess of
$1.4m, underpin the Group's revenue for FY24 and creates contracted
revenue backlog for FY25.
Klaas van der Leest, CEO, commented:
"As announced at the start of September , our pipeline continues
to strengthen and develop. With increased interest from existing
and prospective customers in the US, EMEA and APAC we believe the
Group is well positioned and we look forward to providing further
information in our H1 results later this month."
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558 111
Klaas van der Leest, CEO
Nitil Patel, CFO
Cavendish Capital Markets Limited 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
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END
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