Business
Momentum maintained with New Contract Orders
Momentum maintained with New Contract Orders.
About this update from Intercede Group Plc
[{"type":"text","content":"\n\n2 April 2025\n\n\n\n\nINTERCEDE GROUP plc\n('Intercede', the 'Company' or the 'Group')\n\nMomentum being maintained with New Contract Orders, Subscription Renewals\n \nIntercede, the leading cybersecurity software company specialising in digital identities, is pleased to announce continued US and Middle East momentum in the business with further contract and renewal orders worth c$4.45m in aggregate.\nThese include the following new orders and renewals:\n \n· a large US Federal Government annual subscription renewal for MyID CMS, totalling c$3.49m with a longstanding US client for the period from 1 April 2025 to 31 March 2026. This is the second year of a base year plus four optional incremental year agreement;\n \n· a MyID CMS renewal for a US supervisory banking system, totalling $0.19m;\n \n· a MyID CMS renewal for a global US defence contractor, totalling c$0.27m;\n \n· an enhanced professional services order, of more than $0.145m, to maintain MyID CMS deployment for a large US Federal agency supporting more than 250 locations worldwide;\n \n· the initial server licence order and associated support and maintenance, of more than $0.32m, for an existing POC client in the US federal space to prepare the groundwork for a future device deployment of MyID CMS;\n \n· a MyID PSM licence order for a major government pension agency in the Middle East, worth c$17k per annum;\n \n· a MyID MFA licence order for a critical government agency in the Middle East, worth c$14k per annum; and\n \n· a MyID MFA licence order for a supervisory financial agency in the Middle East, worth c$14k per annum.\n \nThese orders, all received via our partners, will ensure that FY25 revenue will be ahead of the Board's expectations, and will also enhance the Group's contracted revenue backlog for FY26.\n \nKlaas van der Leest, CEO, commented:\n \n\"I am delighted by the strong March order intake and indeed the full year outturn (FY25) with new orders and major renewals, including the subscription renewal with a large US Federal customer. We now enter FY26 with further momentum, a geo-diversified pipeline, market leading product solutions and unwavering &...