Intercede Group PLC Contract Win - Initial Progress Order (6303W)
20 August 2020 - 8:05AM
UK Regulatory
TIDMIGP
RNS Number : 6303W
Intercede Group PLC
20 August 2020
20 August 2020
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Contract Win - Initial Progress Order
Further to the contract win that was announced on 30 July 2020,
Intercede, the leading specialist in digital identity, credential
management and secure mobility, is pleased to announce the receipt
of an initial progress order in excess of $1.0m.
As previously announced, the new contract win follows
Intercede's involvement in a successful bid to create an innovative
Identity Management System (IDMS) solution compliant with Homeland
Security Presidential Directive 12 (HSPD-12) for the US Department
of State (DoS) and its customers.
The ten-year, multi-million dollar contract will see Intercede's
MyID software issuing and managing the lifecycle of hundreds of
thousands of DoS employee digital identities as part of the
agency's next-generation IDMS implementation.
Further details of the contract are available in a press release
that has been issued by Guidehouse as the Prime Contractor:
https://guidehouse.com/news/national-security/2020/guidehouse-awarded-contract-to-support-identity
Klaas van der Leest, Intercede's CEO, said:
"We are delighted that MyID software will form the central
element of the Department of State's next-generation IDMS. This
contract win underlines the quality of our MyID software and its
future in managing best in class digital identity solutions for
security conscious organisations like the DoS. It also highlights
the strength of our offering when working proactively with
partners, following on from the recent launch of our Connect
Partner Programme. Together with Guidehouse as the prime
contractor, plus Appian Logic, Aware and CertiPath, we have an
innovative solution that will meet the needs of the DoS now and
over the next ten years."
Intercede expects to receive a further order for software
licenses and associated development, professional services and
support & maintenance within the next few months; a portion of
which will be recognised in the current financial year ending 31
March 2021.
The contract was included within the directors' expectations for
the current financial year ending 31 March 2021.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. +44 (0)20 7220 0500
Stuart Andrews, Corporate Finance
Simon Hicks, Corporate Finance
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, derived credentials and access control, enabling
digital trust in a mobile world.
Headquartered in the UK, with offices in the US, we believe in a
connected world in which people and technology are free to exchange
information securely, and complex insecure passwords become a thing
of the past.
Our vision is to make the highest levels of cybersecurity
available to organizations and consumers alike, solving complexity
and scalability issues by managing high volumes of digital
credentials.
We have been delivering trusted solutions to high profile
customers for over 20 years. Our team of experts has deployed
millions of identities to governments, most of the largest
aerospace and defence corporations, and major financial services
and healthcare organizations, as well as leading
telecommunications, cloud services and information technology
firms, providing industry-leading employee and customer credential
management systems.
For more information visit: www.intercede.com
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END
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