12 March 2025

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Continued Momentum with New Contract Orders

Intercede, the leading cybersecurity software company specialising in digital identities, is pleased to announce continued momentum in the business with further contract orders worth over $1.37m in aggregate, signed during the quarter ending March 2025.

These include the following new orders:

·    a major 3-year subscription licence order for MyID SecureVault through a systems integrator for a government end client based in AsiaPac. The initial order is c$0.55m over the period;

·    enhanced professional services order, of more than $0.4m, to an existing client in the US federal space to further assist the deployment of MyID CMS;

·    enhanced professional services order, of more than $0.25m, to an existing client in the US federal space to assess and assist in a future deployment of MyID CMS;

·    professional services order, of more than $0.17m, to an existing US federal agency, specialising in providing technological capabilities and support to the national banking system.

These orders, received via our partners, further underpin the Group's revenue (updated on 8 January 2025) for FY25 and contracted revenue backlog for FY26, FY27 and FY28.

Klaas van der Leest, CEO, commented:

"We are very pleased to secure our second subscription licence order for MyID SecureVault in AsiaPac, especially as we launched the new product only in December 2024. The order was contracted through one of our partners, one of Asia's leading cyber security services providers, and once again, underpins our go-to-market strategy. It is another great example of an increasingly geo-diversified pipeline.  

Further, continued momentum in professional services contracts in our US federal space is welcome, reassuring and underlines the business-critical nature our software for our client base, both current and future".

ENQUIRIES

About Intercede

Intercede is a cybersecurity software company specialising in digital identities, and its innovative solutions enable organisations to protect themselves against the number one cause of data breach: compromised user credentials.

The Intercede suite of products allows customers to choose the level of security that best fits their needs, from Secure Registration and ID Verification to Password Security Management, One-Time Passwords, FIDO and PKI. Uniquely, Intercede provides the entire set of authentication options from Passwords to PKI, supporting customers on their journey to passwordless and stronger authentication environments. In addition to developing and supporting Intercede software, the Group offers professional services and custom development capabilities as well as managing the world's largest password breach database.

For over 20 years, global customers in government, aerospace and defence, financial services, healthcare, telecommunications, cloud services and information technology have trusted Intercede solutions and expertise in protecting their mission critical data and systems at the highest level of assurance.

For more information visit: www.intercede.com