Intercede wins USD4 million worth of contracts and subscriptions

(Alliance News) - Intercede Group PLC on Tuesday said it has won a series of contracts and subscription renewals, worth over USD4 million.

Shares in the Lutterworth, England-based cybersecurity software firm were up 5.3% to 115.78 pence each in London on Tuesday afternoon.

Amongst the renewals, Intercede said it has won a large US Federal Government order for MyID CMS, totalling USD3.5 million for annual subscription renewal on a longstanding existing project for the period from April 1 to March 31.

It has also won a MyID PSM subscription renewal and expansion for an NHS Trust, worth GBP200,000 over three years. The contract begins on April 1.

Finally, Intercede said it has inked a MyID CMS renewal for a global supervisory banking system for USD200,000.

By Sophie Rose, Alliance News senior reporter

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