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Share Price Information for Intercede (IGP)

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Share Price: 117.00
Bid: 115.00
Ask: 121.00
Change: 0.50 (0.43%)
Spread: 6.00 (5.217%)
Open: 116.50
High: 117.00
Low: 117.00
Prev. Close: 116.50
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Intercede secures contract with US Federal Agency

Wed, 02nd Feb 2022 10:00

(Sharecast News) - Software firm Intercede has successfully won a competitive bid to supply an unnamed independent US Federal Agency with access to its MyID credential management software.
Intercede said on Wednesday that a purchase order had been received for an initial 20,000 devices, plus associated professional services and support and maintenance, totalling $500,000, the majority of which will be recognised as revenue in the current financial year.

The AIM-listed firm highlighted that the deployment had the potential to rollout to "substantially more devices" over time.

Chief executive Klaas van der Leest said: "I am delighted that this leading Federal Agency has chosen MyID to meet their mobile security needs, demonstrating the ongoing relevance of MyID to provide the highest levels of security on a wide range of modern devices, a cornerstone of digital transformation and zero trust architectures."

As of 1000 GMT, Intercede shares were up 4.83% at 76.0p.
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