Intercede, the specialist in digital identity, credential management and secure mobility, has secured a major new contract win with a large US federal agency, with an aggregate value in excess of $8m.
The order means that the Lutterworth-based group now expects financial performance to be significantly ahead of market expectations for FY24.
Intercede sees the contract as “an exceptional order and deemed ‘one-off'” due to the large number of perpetual licences purchased.
The new customer contract was secured after a “rigorous selection process,” and work will commence immediately to replace the customer’s existing, separate legacy platform with the group’s MyID Credential Management Solution (CMS).
Intercede believes that this new relationship has the potential to develop further as the group’s solutions roll out across hundreds of locations.
Klaas van der Leest, CEO, said: “We are delighted with this new customer win in the US which underlines both our product leadership and our ability to strategically partner with the key system integrators in this market. During the bid cycle, MyID CMS was represented in multiple tenders again highlighting the markets’ confidence in the software.
“We look forward to a productive and deepening relationship with our teaming partners and new federal customer. It is a testament to the hard work of the group’s employees to achieve this landmark contract win. Whilst we are conscious of the exceptional nature of this order our pipeline remains strong and we are confident about the group’s future prospects.”
