Intercede secures further contract orders

(Sharecast News) - Cybersecurity software firm Intercede said on Wednesday that it had secured further contract orders worth more than $1.37m in the three months ended 28 February.

Intercede said it had secured a "major" $550,000, three-year subscription licence order for a government end client based in the Asia-Pacific region, as well as an enhanced professional services order of more than $400,000 from an existing client in the US federal space, another enhanced professional services order of more than $250,000 to an existing client in the US federal space, and a professional services order worth more than $170,000 to an existing US federal agency.

The AIM-listed group said the new orders, received via its partners, further underpin its revenue for FY25 and contracted revenue backlog for FY26, FY27 and FY28.

Chief executive Klaas van der Leest said:"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."

As of 1000 GMT, Intercede shares were up 3.71% at 143.12p.

Reporting by Iain Gilbert at Sharecast.com

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