Cybersecurity software firm lands new US order to power year-end results

Klaas van der Leest

Intercede, the Lutterworth cybersecurity software company specialising in digital identities, has revealed a new contract win, further strong trading and an uplift on market expectations for the current financial year ending 31 March.

The firm has won an an order for a new licence test environment for an existing US Federal Agency, which, combined with its existing pipeline, means that the firm expects financial performance to be ahead of market expectations for FY24.

The current market forecast for the year ending 31 March 2024 is revenue of £19.2m and adjusted EBITDA of £5.6m.

Klaas van der Leest, CEO, said: “Once again, I am pleased to announce further traction through our partners in the US, UK, Continental Europe and Middle East, resulting in a further upgrade of market expectations for FY24.

“With this being our third raise in so many months, FY24 has been an exceptional year for the group, reflecting the quality of the group’s products and services. Our pipeline continues to develop in line with our expectations and we look forward to the commencement of the new financial year.”