Major New Contract Win
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your IGP notes
Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that the Group has been awarded a major licence order with associated support and maintenance totalling approximately $1.0 million for a new client in the US Intelligence Community. In addition to the perpetual licence order, the client is also contracted for a separate annual subscription of $0.2 million.
This order, combined with expected additional conversion of our existing pipeline in Q4, means that the Company now expects financial performance to be ahead of market expectations for FY24* and further underpins FY25.
Klaas van der Leest, CEO, commented:
"We are particularly pleased to secure this order because it has potential to grow further and the fact that there is a subscription element associated with it.
The order was contracted through the channel, again underpinning our go-to-market strategy. We have ended 2023 on a high and aim to continue with this momentum into the final quarter and FY25".
* The current market forecast for the year ending 31 March 2024 is revenue of £18 million and adjusted EBITDA of £5.2 million.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.