TIDMIGP

RNS Number : 2001L

Intercede Group PLC

04 September 2023

4 September 2023

INTERCEDE GROUP plc

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

Contract and Renewals Orders

Intercede, a cybersecurity software company specialising in digital identities, is pleased to announce that the Group has secured the following contract and renewal orders:

   --    New licence order for MyID CMS from a large existing Federal Agency client; 
   --    New 3- year licence order for MyID MFA from a global aluminium producer in the Middle East;

-- Renewal of Support and Maintenance contract with a major US Defence and Aerospace manufacturer; and

-- 3-year renewal of Support and Maintenance contract with an agency within the Department of Transportation in the US.

These orders, with an aggregate contract value in excess of $2m, underpin the Group's revenue forecasts for FY24, creating contracted revenue backlog for FY25 and FY26 as well as further enhancing recurring revenue KPI's.

Klaas van der Leest, CEO of Intercede, commented:

"'I am pleased that all of the above orders were contracted through resellers and partners, thereby highlighting the importance of the Connect Partner Programme and further substantiating the Group's go to market strategy. At the same time, the pipeline continues to strengthen and develop in line with our expectations. "

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) Dow Jones Newswires

September 04, 2023 02:00 ET (06:00 GMT)

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