RNS – Momentum being maintained with New Contract Orders, Subscription Renewals

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