New Contract Upsell Orders and Renewal
Intercede Group PLC has announced new contract upsell orders and a renewal totalling approximately $3.8 million, demonstrating strong order intake momentum as the new financial year begins. These wins include a $3.6 million upsell of perpetual licenses and support to a large US Federal Agency, a $0.1 million upsell to a UK Government Department, and a $0.1 million renewal of support and maintenance for an existing US Federal Agency deployment, all for their MyID CMS product. The company views this activity as a positive indicator that previously delayed opportunities are now converting, reinforcing confidence in future performance.
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Intercede, the leading cybersecurity software company specialising in digital identities, today announces new contract upsell orders and a renewal.
Further to the announcement on 9 April 2026, Intercede is pleased to provide details of additional contract wins that further underscore the Group's improving order intake momentum as it enters the new financial year:
- An upsell to an existing large US Federal Agency of new perpetual licences for MyID CMS, including support and maintenance, totalling c$3.6m;
- An upsell to an existing UK Government Department of new perpetual licences for MyID CMS and associated support and maintenance, totalling c$0.1m;
- A renewal of support and maintenance for an existing MyID CMS deployment in a large US Federal Agency, totalling c$0.1m.
These orders, totalling c$3.8m, have been received via the Group's partners.
Klaas van der Leest, CEO, commented:
"As outlined in our updates on 17 March and 9 April, FY26 revenues were impacted by procurement delays rather than lost opportunities. Today's update further reinforces our confidence that these opportunities were deferred, not lost, as our pipeline continues to convert.
The scale of upsell activity with existing US Federal and UK Government customers is particularly encouraging, providing a strong start to FY27 and strengthening confidence in the Group's ability to continue to deliver while remaining mindful of the current global environment".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.