A cybersecurity specialist has struck a $4.6 million deal to supply its digital ID technology to the US government.
, which also has offices in the US, specialises in electronic identity passes and security access for some of the world’s biggest companies and state bodies.
It’s MyID identity software has been used by big clients including Lockheed Martin, Boeing, the Department for Homeland Security, and Airbus.
It has allowed them to do away with potentially insecure passwords for their internal security systems, making them more resistant to breeches and cyber-attacks.
In recent years the firm has invested heavily in applying its software to mobile technology and the cloud.
In a statement to the Stock Exchange the business, which is based in , said: “Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce the receipt of a large US Federal Government order totalling $4.6m.
“The order, which was included within the directors' expectations for the year, includes software licenses and annual support and maintenance – $2.05m of which will be recognised in the financial year ending 31 March 2020.
“In line with normal practice, a trading update will be provided as soon as possible after the completion of the financial year.”
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The company’s technology allows people and companies to exchange information securely, doing away with the need for complex, insecure passwords.
It said: “Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.
“We have been delivering trusted solutions to high profile customers for over 20 years.
“Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.”
In a Covid-19 update, Intercede chief executive Klaas van der Leest, said they were working hard to minimise disruption to customers while looking after staff.
He said: “As a global business, we have monitored the impact of Covid-19 since the virus first emerged in January.
“From January we stopped all travel to virus hotspots before limiting and then cancelling all international travel.
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“As a business we have successfully tested our capabilities to support universal remote working and all members of staff have the technology and secure VPN connectivity they need to maintain business continuity.
“We have cancelled all travel between Intercede offices and to customers and partners.
“All Intercede functions, including but not limited to, software development, support and maintenance, and professional services will continue to provide the support our customers and partners need.
“At Intercede we, along with all of our customers and partners, are having to adjust to a new “business as usual”.
“Our business continuity plan has ensured that we have all of the necessary resources and capabilities to operate remotely and we will continue to work with our customers to help them meet the challenges faced by the coronavirus pandemic over the coming weeks and months.”