US government gives go-ahead for $3m Intercede order

5th Jan 2017 14:04

(ShareCast News) - Intercede Group announced on Thursday that a large US Federal Government order, which was deferred from the first half, had now been received and invoiced on 30-day payment terms.The AIM-traded firm said the order totals $3.0m of software licenses and annual support and maintenance, more than $2.2m of which will be recognised in the current financial year."This is one of the largest single orders ever received by Intercede and demonstrates that Intercede continues to win orders for its MyID technology platform in spite of the continuing budget constraints within the US Government," said CEO Richard Parris."It reinforces the view that our products remain current and appropriate for some of the world's most security sensitive customers."