Intercede Share Discussion Threads

[howdy do da] 22/5/2008 08:07

straykeely you know the answers to questions some of us here haven't even thought of.

I think it's a good idea you continue to educate here.

[straykeely] 22/5/2008 07:54

Take too long to implement?

* is the largest supplier of smart cards to the UK Government and has been in this position for over five years. The company is UK owned and has a highly secure manufacturing plant in Petersfield, Hampshire, at which it produces Visa and MasterCard bank cards as well as PIN mailers. Due to the high levels of security demanded, all staff are police checked on an annual basis, the premises are very secure with internal CCTV monitoring, and there are systems in place to ensure that the location of all employees can be tracked on a room to room basis.

* can therefore receive data for the production of identity cards in a highly secure environment and has the physical, logical and human security in place to manufacture the National ID card. Further, no data needs to leave the country (an issue specifically raised by the Home Office) and there are no data communications links to public networks or to other offices outside the UK.
* is also able to handle high volume card production and fulfilment. Two of the UK's largest card schemes, the Nectar Card and the Tesco Clubcard are manufactured and despatched to individuals in the UK. These two card schemes alone account for around 50 million cards issued to date. The company could, in fact, fulfil the UK's total requirement for ID cards WITHIN ONE YEAR.

* also has a teaming agreement with LaserCard to produce its products in the UK. LaserCards provide a highly secure, tamper-proof card that can store significant amounts of data such as biometrics and photos. The card has a proven track record in the US where it is used for the Green Card and for the US/Mexico border control. It is also used by the Canadian Government for the Permanent Residents Card issued to all immigrants who come to reside in Canada. This allows for local authentication of cards which, in appropriate circumstances, greatly accelerates the processing of citizens' IDs.

More recently this technology has been adopted by the Italian Government for its national ID card project and one as yet un-named middle-east company has adopted it yet again for a national ID card roll-out.

* is therefore perfectly positioned to make a significant contribution to National Identity Card programmes.
Am not promoting another company, and I do hold igp , would not be surprised to see some kind of connection between the two at some future date?
Perhaps there is? and I do not know.
Anyone enlighten me?

[howdy do da] 21/5/2008 21:37

Sorry Gail, bit hypocritical of you, but whatever.

[elephants drunk] 21/5/2008 21:29

lol@maestro dribbling!

[gale dribble] 21/5/2008 21:28

Howdy - he acts like a gent, unlike you have over the last few weeks. Appalling behaviour imo.

WJCCGHCC - Many thanks for your reasoned input.

[wjccghcc] 21/5/2008 20:43

terry, the same reason it'll be hard for any competing product - it takes too long to build all the interoperability functions and no client can afford to risk an unproven product in the ID area. Of course, it's always a risk but the market wants product now - hence why IGP are currently working on 10 major projects vs 2 only 2 years ago.

re building from scratch, have you seen the amount of money governments and big enterprises have written off on software projects that were built from scratch? The IPS specifically says that products for the UK ID card scheme should be existing products (and as much of the work as possible should be British).

[terrytibbz] 21/5/2008 17:40

what is to stop the partners building their own MyID? and why would a national level application not be built from scratch?

[wjccghcc] 21/5/2008 17:14

jailbird, it's useful to have both sides of a discussion - let's just keep it civil or I will start moderating it.

terry, they train their partners to do the installation and/or customise it to their partners specs. So RSA Card Manager is different from Thales Safesign Server which is different from Verisign Smart Cards but they all have MyID at the centre.

[terrytibbz] 21/5/2008 16:38

i am just asking for info

[gale dribble] 21/5/2008 16:24

Thanks Jailbird.

I take it this is a bulls only thread then eh?

[terrytibbz] 21/5/2008 14:44

if the product is so complicated and robust how could a third party firm possibly implement the MyID product?

[howdy do da] 21/5/2008 11:33

Gail, that's because most investors are small minded gamblers that wont look at a firm unless it has "Resources", "Energy", "Oil" or "Gold" in the company name.

This firm is not a lottery ticket win, or loss, which with all due respect GCM is. It's a solid low risk portfolio stock with a technology that is strategically important in the security sector.

Come back in a few months and judge it then, if you are not going to buy in and have a invested interest.

In any event despite the fact we have spent most of the past 2 weeks winding each other up, I hope you make a mint on whatever stock your in. I'm that kinda guy.

[wjccghcc] 21/5/2008 11:29

terry, they don't do the implementation - that's done by their partners RSA, Verisign, Oracle, Gemalto, Thales and Safenet(and often their partners' partners e.g. Lockheed Martin).

[gale dribble] 21/5/2008 11:18

Thats not nice Howdy.

He's only asking a question.

You reckon the results were on course. Doesn't seem to have set the share price alight eh?

[terrytibbz] 21/5/2008 11:17

givent he amount of implimentation these systems require how can their margin be 99%? also they would need a small army of IT programmers to integrate their product with a government computer system.

[howdy do da] 21/5/2008 11:15

There is no point explaining to him. He's not bright enough to understand.

Just filter him, like I have, as he has never posted anything worth reading.

[wjccghcc] 21/5/2008 11:15

The UK government mandates using off the shelf products for the UK ID card precisely because of the reasons above.

Re takeover, let's revisit that in 12 months time.

[terrytibbz] 21/5/2008 11:10

most governments dont buy off the shelf products for exactly the reasons you mentioned. if what you said is true why hasnt IGP been taken out?

[wjccghcc] 21/5/2008 10:46

terry, the reason the product is defensible is because no customer is going to buy an unproven CMS/IDMS. It glues together the whole ID system for an organisation and needs to be secure, 100% reliable, easy to use, versatile, be able to interface with products from 100's of different suppliers (cards, middleware, card readers, access systems, PKI, databases etc..). Intercede saw this gap in the market 8 years ago and spent 6 years developing MyID to do the above when no other company was interested in doing it. Yes, competitors can develop a competing product but no client will risk the bugs that come with unproven products when it's in a 100% critical area.

Governments/corporates (particularly the US) want high-end secure ID systems put in place quickly and there's no time for the security companies to develop one - therefore they OEM Intercede's - hence the fact they are #2 in the US market now. Once a rollout is initiated, it's very unlikely for a client to change - it's just too complex. IGP therefore are building an annual maintenance revenues (usually approx 20% the license value) and a system upgrade every few years.

The only exception to the above is microsoft, but they're only interested in the high volume low end (SMEs mainly).

[terrytibbz] 21/5/2008 09:44

thats my point, the product is not that defensible and companies in my experience have a disastarous track record of making money from government contracts. all IMO.

[gale dribble] 21/5/2008 09:10

A lot of ifs there 237.

[237gmoney] 21/5/2008 09:07

Terry what is your problem? Can you read? the results explain it all. If you cant read ask someone to read the results to you and then you will understand the business. If you dont like it then ok, move on. 99% margins so once the company start getting in revenue from the 10 major projects which are worth £15m to the business over the next 5 years the gross profit on that alone will be over £14m. If the TWIC project rolls out to other transport workers you can add another $15m or so on top of that and for a £14m mkt cap company at the moment none of these projects are priced into the current share price. Its not rocket science.

[terrytibbz] 20/5/2008 23:45

so what are the irreplicable technologies that this firm posesses and how much dinari are they getting for their product? just explain that to me please because i honestly dont understand it.