Intercede Group PLC Contract and Renewals Orders (2001L)
04 September 2023 - 4:00PM
UK Regulatory
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTZZGGLLFDGFZM
(END) Dow Jones Newswires
September 04, 2023 02:00 ET (06:00 GMT)
Intercede (LSE:IGP)
Historical Stock Chart
From Apr 2024 to May 2024
Intercede (LSE:IGP)
Historical Stock Chart
From May 2023 to May 2024