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Intercede Group PLC on Monday celebrated several new orders, including from a new customer in the UK, and from an existing client in the US federal space. The Lutterworth, England-based cybersecurity software firm has signed on with a new, unnamed customer in the UK with ‘a large aerospace and defence integrator’, servicing a new deployment within the government for MyID CMS. MyID CMS is a type of credential management software for cyber secure digital identity. Intercede has also received an order from a new technology client in the Middle East, and an order for enhanced professional services to an existing client in the US federal space to assess and assist in a future deployment of MyID CMS. These orders have a combined contract value of over £600,000. ‘It is particularly pleasing to announce further traction through our partners in the UK and Middle East, especially the former which has been long in development. The group has hit the ground running for [the fourth quarter] and momentum is being maintained in to [financial 2025] and beyond. Our pipeline continues to develop in line with our expectations,’ said Chief Executive Officer Klaas van der Leest. Intercede Group shares were trading 2.6% higher at 108.20 pence each in London on Monday afternoon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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