28th Feb 2019 12:05
LONDON (Alliance News) - Intercede Group PLC on Thursday said it received an order worth USD500,000 from a South Asia-based new partner for its MyID credential management software.
The identification technology firm said that the unnamed new client operates across Singapore, Hong Kong and Malaysia.
The order includes software licenses, associated support & maintenance, development and professional services. Some of these will continue to be recognised as revenue beyond the current financial year.
Intercede expects this first contract to lead to further future business in the region.
Intercede shares were trading down 7.6% at 19.50 pence each on Thursday.
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