Contract and Subscription Renewals
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Intercede, the leading cybersecurity software company specialising in digital identities, today announces further contract and subscription renewals, in excess of $4m in value.
Amongst these renewals, Intercede is pleased to confirm the following:
- a large US Federal Government order for MyID CMS, totalling $3.45m for annual subscription renewal on a longstanding existing project for the period from 1 April 2024 to 31 March 2025. Pricing has been agreed for a base year (2024/2025) plus four incremental years;
- a significant MyID PSM subscription renewal and expansion for an NHS Trust, totalling £0.19m over three years commencing 1 April 2024; and
- a MyID CMS renewal for a global supervisory banking system, totalling $0.19m.
These renewals underpin the Group's revenue for FY25 and creates contracted revenue backlog for future years.
In line with normal practice, a FY24 trading update will be provided with further detail in the coming weeks.
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