IGP Intercede Group Plc

TIDMIGP

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

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END

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April 03, 2023 02:00 ET (06:00 GMT)

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