RSA Security signs Global OEM Licence for Intercede's MyID™ Software
12/09/2005
Lutterworth, England, September 12, 2005 - Intercede Group plc., a leading developer and supplier of powerful smart card and identity management software, today announces that RSA Security has signed a licence agreement to incorporate Intercede's MyID™ smart card and identity management technology into its product portfolio. This contract has guaranteed revenues to Intercede of $2 million over a three year period, plus additional incremental licence fees for each smart card issued by RSA Security products over and above agreed minimum levels.
"RSA Security, as one of the leading players in the global IT security market, is an excellent strategic partner for Intercede," said Richard Parris, Chairman and CEO of Intercede. "RSA Security's selection of MyID is a significant endorsement of our best of breed technology and we look forward to a long and mutually beneficial relationship".
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About Intercede
Intercede Group plc is a leading developer and supplier of smart card and identity management software listed on the London Stock Exchange (IGP LN) (IGP.L). The Group's MyID™ software manages the secure registration, issuance and lifecycle of digital identities for a wide range of uses. This requires the integration of multiple technologies and products from many different vendors, including smart cards, biometrics, digital certificates and Open Platform applets.
Intercede's customers cover a range of industries and include Athena Smartcard Solutions, Department of Transport Ireland, Fujitsu, Lloyds TSB, the UK National Health Service (NHS), the Metropolitan Police, PinkRoccade, Royal Bank of Scotland, Ubizen and various US and UK Government agencies and departments.
For more information, visit www.intercede.com
Enquiries:
Intercede
Tel. +44 (0) 1455 558111
Richard Parris - Chairman & Chief Executive
Andrew Walker - Finance Director
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