RSA Security signs Global OEM
Licence for Intercede's MyID Software
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".
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