Intercede Group PLC on Monday said it has agreed four new contracts totalling more than $2 million.

The Lutterworth, England-based cybersecurity software company said the contracts are a new order for its MyID CMS from an existing federal agency client and a three-year order for MyID MFA from an Middle-East-based aluminium producer.

The remaining two are the renewal of a support and maintenance contract with a US-based defence and aerospace manufacturer, and a 3-year renewal of support and maintenance contract with an agency in the US Department of Transportation.

The firm said the contracts support its revenue forecasts for financial 2024 and created a contracted revenue backlog into financial 2025 and financial 2026.

Chief Executive Klaas van der Leest said: ‘’I am pleased that all of the above orders were contracted through resellers and partners, thereby highlighting the importance of the connect partner programme and further substantiating the group’s go-to market strategy. At the same time, the pipeline continues to strengthen and develop in line with our expectations.’

Intercede shares rose 3.2% to 50.55 pence each on Monday morning in London.

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