Contract Win - Initial Progress Order
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:
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.
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
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.