Year End Trading Update (8697A)
05 April 2012 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 8697A
Intercede Group PLC
05 April 2012
5 April 2012
Intercede Group plc
("Intercede")
Year End Trading Update
Further to the Trading Update issued on 16 February 2012,
Intercede confirms that the financial year ending 31 March 2012
will be profitable and cash generating. Pre-audit indications are
that revenues will be ahead of the prior year and profits will be
in line with expectations. Cash balances totalled GBP7.0m as at 31
March 2012, which compares to GBP6.0m at the same time last
year.
We continue to invest according to plan to meet emerging market
demands in cloud services, cyber-security and mobile device
management. Additionally, Intercede has invested in four new
'identity as a service' opportunities with partners. Only one of
these services has contributed to current year performance but all
are likely provide recurring revenues in future periods. Three of
these services are through partners in the US.
Richard Parris, Intercede Chairman and Chief Executive,
said:
"Intercede is in a stronger position than a year ago both
financially and operationally despite a depressed global economy;
and the orders we have received demonstrate that we remain the
technology leaders in our sector. We remain committed to investing
in the development of market leading technology to meet demand for
identity focused services around the world and in the US in
particular. As we continue to grow our sales infrastructure and
support capability, we are increasingly better placed to exploit
this growth potential."
Intercede expects to announce its results for the year ended 31
March 2012 by mid June 2012.
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
Sarah Wharry
Rose Herbert
Pelham Bell Pottinger Tel. +44 (0)20 7861 3112
Archie Berens
About Intercede
Intercede is the producer of the MyID(R) identity and credential
management system (IDCMS), the MyID Management Agent for
Microsoft(R) Forefront(TM) Identity Manager and a range of mobile
applications for securing smartphones.
The company's website has recently been re-launched to better
reflect its enhanced proposition. For more information visit
www.intercede.com, email info@intercede.com or call +44 (0)1455
558111.
MyID technology is being used around the world by large
corporations, governments and banks to manage millions of
identities for employees, citizens and customers. Notable
deployments in the US include 14 federal agencies, two million
smart cards in support of the US Transportation Worker Identity
Credential program (TWIC), four US financial institutions and
340,000 smart corporate identity badges for Boeing, Booz Allen
Hamilton and Lockheed Martin. In Europe, Australasia and the Middle
East, MyID is being deployed in support of government identity,
financial services, healthcare and corporate employee ID security
projects.
MyID is the only IDCMS software product that enables
organizations to easily and securely manage the identities of
people, secure devices and their associated credentials within a
single, integrated, workflow driven platform. This includes
enabling and managing secure registration, biometric capture,
application vetting and approval through to smart card and
smartphone personalization, issuance and management.
At the forefront of the secure identity field, Intercede also
offers innovative new solutions for smartphones, including secure
email, physical and logical access, identity verification via near
field communications and attribute management. With the trend
towards 'bring your own device' in the workplace and the move to
cloud-based services, MyID allows organizations to embrace new and
more convenient approaches to security.
MyID was the first electronic personalization product to achieve
compliance with the US FIPS-201 Personal Identity Verification
(PIV) standard and is widely deployed by federal agencies,
government contractors and other commercial entities. In
particular, it supports the latest standards applicable for all
PIV, PIV-Interoperable and PIV-Compatible (CIV) deployments.
MyID provides customers with a platform that can meet their
needs now and in the future. It is a fully supported commercial
off-the-shelf product that can be quickly deployed for thousands or
millions of users.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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