REG - Intercede Group PLC - Momentum maintained with New Contract Orders

IntercedeAnnouncement

02/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250402:nRSB2172Da&default-theme=true

RNS Number : 2172D  Intercede Group PLC  02 April 2025

2 April 2025

INTERCEDE GROUP plc

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

Momentum being maintained with New Contract Orders, Subscription Renewals

 

Intercede, the leading cybersecurity software company specialising in digital
identities, is pleased to announce continued US and Middle East momentum in
the business with further contract and renewal orders worth c$4.45m in
aggregate.

These include the following new orders and renewals:

 

·    a large US Federal Government annual subscription renewal for MyID
CMS, totalling c$3.49m with a longstanding US client for the period from 1
April 2025 to 31 March 2026. This is the second year of a base year plus four
optional incremental year agreement;

 

·    a MyID CMS renewal for a US supervisory banking system, totalling
$0.19m;

 

·    a MyID CMS renewal for a global US defence contractor, totalling
c$0.27m;

 

·    an enhanced professional services order, of more than $0.145m, to
maintain MyID CMS deployment for a large US Federal agency supporting more
than 250 locations worldwide;

 

·    the initial server licence order and associated support and
maintenance, of more than $0.32m, for an existing POC client in the US federal
space to prepare the groundwork for a future device deployment of MyID CMS;

 

·    a MyID PSM licence order for a major government pension agency in the
Middle East, worth c$17k per annum;

 

·    a MyID MFA licence order for a critical government agency in the
Middle East, worth c$14k per annum; and

 

·    a MyID MFA licence order for a supervisory financial agency in the
Middle East, worth c$14k per annum.

 

These orders, all received via our partners, will ensure that FY25 revenue
will be ahead of the Board's expectations, and will also enhance the Group's
contracted revenue backlog for FY26.

 

Klaas van der Leest, CEO, commented:

 

"I am delighted by the strong March order intake and indeed the full year
outturn (FY25) with new orders and major renewals, including the subscription
renewal with a large US Federal customer. We now enter FY26 with further
momentum, a geo-diversified pipeline, market leading product solutions and
unwavering  commitment from our largest asset, our Group colleagues".

 

ENQUIRIES

 Intercede Group plc                   Tel. + 44 (0)1455 558111
 Klaas van der Leest                   CEO
 Nitil Patel                           CFO

 Cavendish Capital Markets Limited     Tel. + 44 (0)20 7220 0500
 Marc Milmo/Fergus Sullivan/Rory Sale  Corporate Finance
 Tim Redfern/Ondraya Swanson           ECM

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

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 (http://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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTSSMFIFEISEIL