Intercede
Intercede Group plc is a UK-listed cybersecurity software company that provides MyID, a credential management system enabling government agencies and large enterprises to issue and manage FIDO and PKI identities on certified hardware.
- Company typePublic
- Founded1989
- HeadquartersLutterworth, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Intercede does
Intercede Group plc is a UK-headquartered (Lutterworth) cybersecurity software company, founded in 1989 and listed on the London Stock Exchange AIM (LON:IGP), that specializes in identity and credential management for government agencies and large enterprises. Its core offering is the MyID credential management system (MyID CMS), which enables organizations to issue, manage, and lifecycle both FIDO and PKI credentials on third-party hardware such as Idemia Public Security biometric devices and Swissbit security keys. The company has positioned MyID as a first-to-market FIDO authentication solution built on the COSMO X platform certified to the FIPS 201 PIV standard for US federal employee and contractor identity verification, and is investing in post-quantum cryptography FIDO2 Passkeys via its expanded Swissbit partnership.
The business generates revenue through a mix of annual subscriptions, support and maintenance, and one-time licensing contracts. Recurring revenue from support, maintenance, and subscriptions reached £11.4m in FY26, representing 66% of the £17.2m total revenue, with subscription revenue specifically growing 17.6% year-on-year to £2m. Distribution is dual-channel: direct enterprise sales into US federal agencies (illustrated by a $3.49m annual subscription renewal and a $1.5m licensing contract with a large federal agency) and a reseller partnership with OneSpan that covers more than three-fifths of the largest banks globally. The company has 101–250 employees, generated £3.7m in pre-tax profit on the FY26 base, and carries a market capitalization of £45.9m–£57.15m as of April 2026. Intercede also acquired Authlogics in October 2022 to broaden its authentication product surface.
Intercede firmographics
Firmographics- Name
- Intercede
- Legal name
- Intercede Group plc
- Website
- https://intercede.com
- Company type
- Public
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Intercede Group plc is a UK-listed cybersecurity software company that provides MyID, a credential management system enabling government agencies and large enterprises to issue and manage FIDO and PKI identities on certified hardware.
- Ownership category
- akta.pro rank
Where Intercede is headquartered
LocationHeadquarters
- HQ city
- Lutterworth
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Intercede business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Subscription Revenues: Subscription revenues grew 17.6% to £2m, including a $3.49m annual subscription renewal with the US Federal Government for MyID CMS product. Recurring revenues from support, maintenance and subscriptions for MyID reached £11.4m (66% of total revenues).
- Support and Maintenance: Recurring revenues from support and maintenance bundled with subscription offerings for MyID credential management system, contributing to overall recurring revenue base of £11.4m.
- Licensing Contracts: One-time licensing contracts including $1.5 million in licensing contracts from a large Federal Government agency for MyID CMS. Part of broader licensing revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise annual subscription (US Federal Government) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
Intercede product offering
Product offeringCore offering
Intercede develops and sells MyID, a credential management system (CMS) that enables organizations to issue, manage and authenticate both FIDO and PKI-based digital identities. The platform supports government and enterprise use cases including US federal PIV-compliant identity verification, banking multi-factor authentication, and post-quantum cryptography FIDO2 Passkeys through partnerships with hardware vendors.
Product overview
Intercede offers a unified credential management platform centered on MyID, which encompasses the MyID CMS product. The MyID system provides identity and credential management solutions enabling organizations to manage both FIDO and PKI credentials. Recurring revenues from support, maintenance and subscriptions for MyID reached £11.4m (66% of total revenues).
Differentiator
Problem solved
Functional benefit
Brands
- MyID: Identity and credential management system providing PKI and FIDO authentication capabilities for enterprise and government clients. MyID CMS supports managing both FIDO and PKI credentials.
Products and services
- MyID CMS (Credential Management System) MyID CMS is a credential management system that enables organizations to issue, manage and authenticate digital identities using both FIDO and PKI credentials. It supports US federal PIV-compliant identity verification and enterprise multi-factor authentication, and integrates with hardware security keys and biometric devices from partners such as Idemia Public Security and Swissbit. The product is sold to government agencies and large banks, including a $3.49m annual subscription renewal with the US Federal Government.
Quantifiable outcome
- 66% of total revenues from recurring sources (support, maintenance, subscriptions)
- +2 more outcomes
Companies that use Intercede
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Intercede technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Intercede partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- SwissbitcoreIntercede and Swissbit expanded their partnership to develop end-to-end FIDO2 Passkeys implementing post-quantum cryptography. This development addresses MFA weaknesses and positions the partnership to address emerging quantum computing security threats. The partnership combines Intercede's credential management expertise with Swissbit's hardware security capabilities.
- OneSpancoreIntercede secured a reseller partnership with OneSpan covering more than three-fifths of the largest banks. OneSpan resells Intercede's authentication solutions to major banking institutions, significantly expanding market reach in the financial services sector.
- Idemia Public SecuritycoreIntercede integrated support for Idemia Public Security's biometric devices and security keys into its MyID credential management system. This integration enables administrators to manage both FIDO and PKI credentials on Idemia PS hardware. The Idemia PS devices are the first on market to deliver FIDO authentication built on COSMO X platform certified to FIPS 201 PIV standard.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Intercede competitors and assessment
Company assessmentDirect peers
- CyberArk: CyberArk specializes in identity security and privileged access management. It overlaps with Intercede in workforce identity assurance and credential-based authentication, particularly for regulated enterprise and government environments.
- HID Global: HID Global offers identity and credential management, including smart cards, readers, and IAM software for government and enterprise. Comparable to Intercede's MyID CMS as an end-to-end identity credentialing vendor with federal-grade deployments.
- Entrust: Entrust provides PKI, identity, and credential management solutions, including PIV/smart card issuance for federal and enterprise customers. It is among the closest competitors to Intercede MyID CMS, sharing the PKI/FIPS 201 heritage and government focus.
- OneSpan: OneSpan offers authentication and fraud detection solutions for financial institutions and is Intercede's reseller covering more than three-fifths of the largest banks. It overlaps with Intercede's banking authentication use case and is both a partner and adjacent competitor in enterprise MFA.
- ForgeRock: ForgeRock provides an enterprise identity platform for workforce, consumer, and IoT identity use cases. It competes with Intercede in enterprise IAM and CIAM credential management, with broader platform scope but similar customer segments.
- Okta: Okta is a leading cloud-native identity and access management platform serving enterprises and governments. It directly competes with Intercede's MyID in workforce identity, MFA, and credential management, with broader scale but a less specialized focus on FIPS/PIV and PKI-heavy federal deployments.
- Ping Identity: Ping Identity delivers enterprise identity management with strong capabilities in federation, SSO, and workforce IAM. It competes with Intercede in the broader identity and credential management market and is increasingly relevant for FIDO-based authentication rollouts.
Emerging players
- Yubico: Yubico is the leading hardware security key provider (YubiKey), central to FIDO2 and PIV authenticator markets. It is a complementary infrastructure partner for Intercede's MyID CMS but also competes at the hardware authenticator layer that Intercede integrates with.
Broad incumbents
- Microsoft Entra ID (Azure AD): Microsoft Entra ID (formerly Azure AD) is the dominant enterprise identity provider, bundled within the Microsoft 365 and Azure ecosystems. It is a broad incumbent that competes with Intercede MyID in enterprise authentication and MFA, particularly via price bundling pressure.
- IDEMIA Public Security: IDEMIA is a global leader in identity and biometric security, including PIV/CAC credentials, biometric devices, and COSMO X platform certifications. It is both a partner (Intercede integrated Idemia PS hardware into MyID CMS) and a broad incumbent in the federal credentialing space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Intercede social profiles
Digital presenceIntercede financial estimates
Financial estimateRevenue estimate
Valuation estimate
Intercede leadership team
Management profileNumber of profiles
Profiles3 records
Intercede funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Intercede M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Intercede
What does Intercede do?
Intercede develops and sells MyID, a credential management system (CMS) that enables organizations to issue, manage and authenticate both FIDO and PKI-based digital identities. The platform supports government and enterprise use cases including US federal PIV-compliant identity verification, banking multi-factor authentication, and post-quantum cryptography FIDO2 Passkeys through partnerships with hardware vendors.
Is Intercede a public or private company?
Intercede is a public company. It is classified as public and is currently operating.
When was Intercede founded?
Intercede was founded in 1989. It employs 101 to 250 people.
Where is Intercede based?
Intercede is headquartered in Lutterworth, United Kingdom, in the Europe region.
How does Intercede make money?
Three revenue lines are on record. Subscription Revenues are the primary driver. The others are support and Maintenance and licensing Contracts.
Who are Intercede's main competitors?
Direct peers on record are CyberArk, HID Global, Entrust, OneSpan, ForgeRock, Okta and Ping Identity. Yubico is listed as an emerging player. Broad incumbents are Microsoft Entra ID (Azure AD) and IDEMIA Public Security.
Does Intercede have an API?
No public API is recorded for Intercede.