Intercede receives deferred US government order

Intercede says that a large US federal government order, which was deferred from the first half, has now been received and invoiced on 30 day payment terms.

This order totals $3.0m of software licences and annual support and maintenance; more than $2.2m of which will be recognised in the current financial year.

Chief executive Richard Parris said "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. It reinforces the view that our products remain current and appropriate for some of the world's most security sensitive customers."