Intercede signs contract orders worth over USD5 million in December

(Alliance News) - Intercede Group PLC on Wednesday said it signed new contract orders and renewals worth over USD5 million in December.

Intercede is a cybersecurity software firm based in Lutterworth, Leicestershire.

Intercede said the orders include a major licence order from a systems integrator for a client based in Asia.

The firm said it also secured professional services orders worth around USD0.4 million to implement new installations and provide ongoing customer support during the month.

Looking ahead, Intercede said it expects its financial performance to be ahead of market expectations for the year ending March 31.

Annual revenue is estimated to be GBP16.1 million.

Chief Executive Officer Klaas van der Leest said: "The Group continues to demonstrate its ability to address client needs quickly, efficiently, and commercially."

"The renewals and services highlight the critical nature of our software once in production and underpins the long tenure of our existing client base".

Intercede shares were up 8.5% at 198.00 pence in London on Wednesday morning.

By Lydia Doye, Alliance News reporter

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