(PRWEB) June 28, 2012
Trade Minister Lord Green visited Intercede Group’s Leicestershire headquarters to open the Company’s new research and marketing facility on the 20th anniversary of the company’s founding. Providing accommodation for more than 30 additional staff, this new office will support Intercede’s corporate development and expansion plans.
Lord Green shakes hands with Intercede CEO Richard ParrisDuring his time on site, Lord Green discussed Intercede’s export success and was particularly interested in how Intercede was able to generate 88% of its sales from overseas markets, including 64% from North America. The opportunities and challenges of growing a UK software company were explored, including the importance of creating a pool of skilled staff, funding growth, government incentives for businesses and entrepreneurs and the role of UK Trade & Investment in supporting UK exporters.
Lord Green said: “The Government views the role of small and medium size enterprises as critical to spurring an export-led UK economic recovery through innovation and entrepreneurship. Intercede is an excellent example of the kind of business the UK needs to sustain growth."
“Intercede’s MyID software demonstrates how locally developed technology can create large new markets for quality British products, generate high calibre UK jobs and bring wealth to Leicestershire and the wider region.”
Richard Parris, Intercede Chairman and Chief Executive, said: “It is an accolade to our team that a government minister agreed to open our new facility. During Lord Green’s visit we discussed how Intercede has harnessed local talent to create a world beating technology for managing digital identities. Lord Green acknowledged the tremendous growth potential of our business and the help and support available from the local UKTI team to help Intercede exploit its leadership position.”
Intercede is a security software provider whose MyID identity management platform enables global organizations and governments to create trusted digital identities for employees and citizens on secure devices such as smart cards, smartphones and tablets. MyID enables the protection of intellectual property, assets and digital content, delivering trusted digital identities as the cornerstone of cyber security strategies for government, defense, financial services and other industries.
The Company operates in global markets (including the US, Europe and Middle East) and works with large international partners including BT, Gemalto, HP, Microsoft, Oberthur, SafeNet, Symantec and Thales to deliver flexible digital identity solutions that are interoperable with other existing technologies and tailored to customer needs.
Corporations such as Boeing, Booz Allen Hamilton and Lockheed Martin, and governments including the US, UK and Kuwait, trust Intercede’s expertise to deliver effective solutions. The Company’s technology achievements reflect an investment of 300 plus man years of development, exemplary speed of deployment and adherence to international standards including FIPS 201, where MyID was the first electronic personalization product to obtain GSA approval. This trust is reflected in Intercede’s rate of repeat business with its customers, which typically runs at 70-80% of annual revenues.
Intercede has been developing identity management systems since 1992 and MyID is currently deployed by end customers in 24 countries. The Company is headquartered in the UK, listed on the London Stock Exchange (AIM: IGP) and is ISO 9001 and TickIT certified. For more information visit http://www.intercede.com
UK Trade & Investment is the government organization that provides integrated support services for UK companies engaged in overseas trade and foreign enterprises seeking to locate in the UK. It brings together the work of teams in British embassies and FCO posts overseas and government departments across Whitehall. In England, international trade support is coordinated by nine International Trade Directors and partners. UK Trade & Investment services are delivered locally through a network of International Trade Teams. The devolved administrations in Scotland, Wales and Northern Ireland have their own arrangements for local delivery of services. For more information visit http://www.ukti.gov.uk
Intercede Group plc
Tel.+44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel.+44 (0)207 6001658
Sarah Wharry/Rose Herbert, Corporate Finance
Joanna Weaving, Corporate Broking
Racepoint Group UK
Tel.+44 (0)208 8112144
Pelham Bell Pottinger
Tel.+44 (0)207 8613112