Intercede Group PLC Contract Win (3774A)
02 Februar 2022 - 7:59AM
UK Regulatory
TIDMIGP
RNS Number : 3774A
Intercede Group PLC
02 February 2022
2 February 2022
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Contract Win
Intercede, the leading specialist in digital identities,
credential management and secure mobility, is pleased to announce
that it has successfully won a competitive bid to supply a new
customer, a prestigious independent US Federal Agency.
The contract relates to the supply of Intercede's MyID
credential management software to deploy digital identities to
mobile devices in the form of derived PIV credentials, compliant
with US government security standard FIPS 201 and SP800-157. The
solution leverages Intercede's technology partnership with
Microsoft, by delivering PKI credentials into Microsoft Intune
managed smartphones enabling sensitive data protection and secure
access to agency systems.
A purchase order has been received for an initial 20,000 devices
plus associated Professional Services and Support & Maintenance
totalling $0.5m, the majority of which will be recognised as
revenue in the current financial year. The deployment has the
potential to rollout to substantially more devices over time.
Intercede CEO Klaas van der Leest said:
"I am delighted that this leading Federal Agency has chosen MyID
to meet their mobile security needs, demonstrating the ongoing
relevance of MyID to provide the highest levels of security on a
wide range of modern devices, a cornerstone of digital
transformation and zero trust architectures."
The contract was included within the directors' expectations for
the current financial year ending 31 March 2022.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Ltd Tel. + 44 (0)20 7220 0500
Simon Hicks / Fergus Sullivan, Corporate
Finance
Tim Redfern / Charlotte Sutcliffe,
ECM
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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