Intercede Group PLC Trading Update (4549B)
07 Oktober 2015 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 4549B
Intercede Group PLC
07 October 2015
7 October 2015
Intercede Group plc
("Intercede" or the "Company")
Trading Update
We are pleased to report that Intercede has achieved strong
revenue growth during the first half of the financial year. This is
in line with expectations and reflects continued progress with
existing customers and a number of new contract wins.
First half revenues increased by more than 35% compared to the
previous year from GBP4.0 million to approximately GBP5.5 million.
An enlarged sales and marketing team continues to drive business
expansion and during the period 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, signed a new agreement with a US West Coast bank and made
our first sale following the announcement of the Partner Agreement
with Citrix on 13 May 2015.
As previously announced, we continue to invest in the
recruitment and training of specialist technical professionals to
ensure we remain scalable in a fast growing market. The size of the
team has grown by approaching 10% year on year.
The new 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
TSTFSWFWMFISEFS
(END) Dow Jones Newswires
October 07, 2015 02:00 ET (06:00 GMT)
Intercede (LSE:IGP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Intercede (LSE:IGP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024