New Contract with European Ba

RNS Number : 2147S

Intercede Group PLC

14 May 2009

 



14 MAY 2009

INTERCEDE GROUP PLC

('Intercede' or 'the Company')

New Contract with European Bank

Intercede, the producer of the MyID Identity and Credential Management System (IDCMS) software, is pleased to announce that it has received an order for the supply of MyID software licences, professional services and annual support to a large European bank. This order was received from an Intercede business partner and has an initial first year value of approximately €250,000.

This project concerns the secure issuance of smart card based identity credentials to bank employees across a number of European countries. The initial usage of these credentials is to enable enhanced logical access security to the Bank's computer systems and networks. Future phases may include using the same cards for physical access control.

 'This new order demonstrates Intercede's further penetration into the European market. It also shows that major banks are continuing to make investments in new security systems, in spite of the global turmoil in the financial services sector', said Richard Parris, Intercede's Chairman and Chief Executive. 'This business was won after a competitive procurement process that once again highlights Intercede's MyID as the leading product in its class.'

  ENQUIRIES

Intercede Group plc	Tel.    [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
FinnCap	Tel.    [phone]
Charles Cunningham
Pelham Public Relations
Archie Berens	Tel.    [phone]

About Intercede

Intercede is the producer of the MyID® Identity and Credential Management System (IDCMS). Intercede's MyID is the only IDCMS software product that enables organizations to easily and securely manage the identities of people and their associated identity credentials within a single, integrated, workflow driven platform. This includes enabling and managing: secure registration, biometric capture, application vetting and approval through to smart card personalization, issuance and management.

Intercede's MyID is being used around the world by large corporations, governments and banks to manage millions of identities for employees, citizens and customers. Notable deployments in the US include 10 Federal Agencies, a programme with Lockheed Martin and two major US financial institutions. In Europe and the Middle East, Intercede's MyID is being deployed in support of government identity, health and corporate employee ID security projects.

Intercede and MyID are registered trademarks or trademarks in the UK, US and/or other countries. For more information visit http://www.intercede.com

 

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