TIDMIGP

RNS Number : 1853S

Intercede Group PLC

06 July 2015

6 July 2015

Intercede Group plc

("Intercede" or the "Company")

Trading Update

Intercede is pleased to announce a strong start to the new financial year.

Revenue in the first quarter was GBP2.7m which is double the same period last year and 34% up on the fourth quarter of the last financial year. An enlarged sales and marketing team continues to drive business expansion and during the quarter we have secured an enterprise-wide contract with one of the largest US healthcare corporations, sold our mobile derived credential solution to a major US Federal Agency and signed a new agreement with a US West Coast bank.

These contracts will all yield further revenues during the current year and beyond. The strong start to the year provides a solid base to meet market expectations for the year.

ENQUIRIES

 
 Intercede Group plc         Tel. +44 (0)1455 558111 
 Richard Parris, Chairman 
  & Chief Executive 
  Andrew Walker, Finance 
  Director 
 
 finnCap                     Tel. + 44 (0)20 7220 
                              0500 
 Stuart Andrews, Corporate 
  Finance 
 Joanna Weaving, Corporate 
  Broking

About Intercede

Intercede is a software and service company specialising in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity.

Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years.

Intercede's MyID software is an identity and credential management system that enables organisations to create and assign trusted digital identities to employees, citizens and machines and in turn allows secure access to services, facilities, information and networks. MyID adheres to international standards, while remaining simple enough to be deployed onto consumer devices such as smartphones, tablets and other devices in the Internet of Things.

In 2015 Intercede launched MyTAM; enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps. The cloud-based service provides a cost-effective and convenient way for developers and corporations to protect their apps and users' sensitive data.

For more information visit: www.intercede.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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