Intercede announces $6M in series of new contract wins and renewals, including US Federal Government

Lutterworth-based Intercede, a cybersecurity software company specialising in digital identities, has secured a series of contract wins and renewals, that will value in excess of $6 million, which will be recognised from FY24 onwards.

Intercede is pleased to confirm that a majority of these opportunities have already been closed and it has also renewed several support and maintenance contracts.

These contract wins and renewals include:

• a large US Federal Government order totalling $3.4 million for annual subscription renewal on a longstanding existing project for the period from 1 April 2023 to 31 March 2024;
• a three-year renewal of support and maintenance contract with an agency within the Department of Transportation in the US totalling $1.56 million;
• and two new customers:
  • three-year licence order for MyID MFA from a global aluminium producer in the Middle East
  • licence order for MyID CMS from a large existing Federal Agency client

Klaas van der Leest, CEO, Intercede, said: “I am pleased that all of the above orders were contracted through resellers and partners, thereby highlighting the importance of the Connect Partner Programme and further substantiating the group’s go-to-market strategy. At the same time, the pipeline continues to strengthen and develop in line with our expectations.”