Intercede advances on positive trading update

AIM-listed security software provider Intercede has reported that its trading for the financial year ended March 31st 2013 was 'in line with the expectations'.Richard Parris, Chairman of Intercede, said: "Intercede has advanced its market position in a challenging year for our key customers and markets. "We have secured new contracts, widened our sales pipeline and invested in the development of new technologies and products. We continue to strengthen our management structure and are well placed for growth and exploitation," he added.The group's share price was up 2.22% to 57.50p at 08:00.MF