Intercede secures ten-year contract with the US Department of State
Digital identity and credential management group Intercede revealed on Thursday that it was part of a successful bid for a ten-year contract with the US Department of State.
Intercede said the contract was to create an innovative identity management system and credential management system (IDMS) solution compliant with Homeland Security Presidential Directive 12 for the Department of State and its customers.
The AIM-listed group expects to receive orders for software licenses and associated development, professional services and support and maintenance "within the next few months".
Intercede highlighted that a portion of the order revenue would be recognised in the current year ending 31 March.
As of 1330 BST, Intercede shares were up 5.93% at 74.15p.