Intercede Wins USD200,000 Contract With "Large" US Defence Contractor

(Alliance News) - Intercede Group PLC on Tuesday said it has won a new contract worth USD200,000 with a large US defence contractor.

The cybersecurity software firm said the order with the unidentified client includes MyID Enterprise software licenses plus associated support & maintenance and professional services.

MyID is a credential management system that helps large enterprises and governments issue and manage employee and citizen digital identities.

"This contract win is noteworthy, not only because another top 10 US defence contractor has selected MyID to help secure their mission critical assets, but also due to the short lead time involved which was less than three months from initial Partner introduction to receipt of order," Intercede stated.

Shares in Intercede were trading 12% higher at 89.00 pence each on Tuesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

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