Intercede Share Discussion Threads

[margotdd] 06/2/2007 15:53

Oracle people will be at The Grosvenor House tonight.

[rambutan2] 06/2/2007 13:46

despite what i said in reply to spooky's post, i would have to agree with that. oracle can buy who they want.

[wjccghcc] 06/2/2007 13:27

Clearly the Oracle announcement was made to coincide with the opening of the RSA conference. Looking at igoe's link above, it's clear a lot more of the big players are attending this year including, as keynote speaker, Larry Elison of Oracle to herald their big push into security. Oracle are obviously aware of Intercede's importance given they quoted Parris as a partner at the launch of their middleware product.

Building on what spooky said earlier about IGP being unlikely to be independent in 1-2 years time, it seems to me that Oracle should now be up there as a likely acquiror.

[margotdd] 06/2/2007 10:21

Good for the sector as a whole i mean.

[margotdd] 06/2/2007 10:18

Stories stories stories. Should have called him Jackanory.
What is happening over at IDD can only be good for igp though ? I should wonder?

[igoe104] 06/2/2007 09:13

WORTH A READ.

"We're going to see a flight to quality, consolidation and quite a bit of merger and acquisition activity (in 2007),"

[igoe104] 05/2/2007 14:40

YES VERY IMPRESSIVE, should help when bidding for, big projects like, real id and worldwide national id cards.

"MyID is now fully capable of being deployed in high and very high volume environments such as business-to-consumer and national ID card projects

[wjccghcc] 05/2/2007 13:59

Actually make that 4x the potential market. According to Gartner, SQL database market shares (by revenue) in 2005 were 49% Oracle, 22% IBM and 15% Microsoft.


Worldwide 2005 Vendor Revenue Estimates from RDBMS Software, Based on Total Software Revenue (Millions of Dollars)
Company 2005 2005 Market Share (%) 2004 2004 Market Share (%) 2004-2005 Growth (%)
Oracle 6,721.1 48.6 6,234.1 48.9 7.8
IBM 3,040.7 22.0 2,860.4 22.4 6.3
Microsoft 2,073.2 15.0 1,777.9 13.9 16.6
Teradata 440.7 3.2 412.1 3.2 6.9
Sybase 407.0 2.9 382.8 3.0 6.3
Other Vendors 1,134.7 8.2 1,090.4 8.5 4.1
Total 13,817.4 100.0 12,757.8 100.0 8.3
Source: Gartner Dataquest (May 2006)

[wjccghcc] 05/2/2007 13:54

Well, that pretty much doubles their potential market given the relative oracle and microsoft database market shares. Impressive stuff.

[igoe104] 05/2/2007 12:42

Here another write up.

Intercede, a market leader in smart card and identity credential management systems, is pleased to announce that MyID® is now even more scalable with support for the Oracle 10g database. Oracle 10g support provides MyID customers and partners with even more flexibility and implementation options for high volume deployments.

"We are extremely pleased to announce support for Oracle 10g. This additional database support further increases MyID's flexibility and scalability." said Richard Parris, Chairman & Chief Executive of Intercede. "MyID is now fully capable of being deployed in high and very high volume environments such as business-to-consumer and national ID card projects."

MyID is the ultimate smart card and identity credential management solution that unites numerous identity technologies and systems, creating a complete identity infrastructure. MyID is used by many Enterprise and Government customers around the world to efficiently enroll, quickly issue and effortlessly manage smart device-based identities. Identities issued and managed by MyID are used for a variety of security applications including: Employee ID cards, US Federal Government employee PIV cards, Two-factor authentication, combined logical and physical access control, secure email and signing applications, and more...

With Oracle support Intercede's customers and partners can look forward to several new and exciting features including:

- Support for Oracle 10g R2. (Windows and Solaris)
- On install MyID enables you to select the database you want to use, either Microsoft Windows SQL or the Oracle database.
- Option of Automatic Oracle database creation or manual Oracle database creation.
- Support for multiple database instances within a single Oracle server.
- MyID user experience stays the same whether you are using Microsoft Windows SQL or Oracle database.

*MyID with Oracle support will be available in Q3 2007.

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 identity technologies and products from many different vendors, including smart cards, biometrics, digital certificates and Open Platform applets.

Intercede works with a number of market leading OEM, re-seller and technology partners that supply MyID technology including: Athena Smartcard Solutions, Gemalto, RSA Security, SafeNet, Thales, VeriSign and a variety of systems integrators and other security product and service providers.

[igoe104] 05/2/2007 12:26

NEWS JUST OUT FROM ORACLE.

Intercede's MyID smart card and identity management system now available with Oracle Database support.

Lutterworth, United Kingdom (PRWEB) February 5, 2007 -- Intercede, a market leader in smart card and identity credential management systems, is pleased to announce that MyID® is now even more scalable with support for the Oracle 10g database. Oracle 10g support provides MyID customers and partners with even more flexibility and implementation options for high volume deployments.

"We are extremely pleased to announce support for Oracle 10g. This additional database support further increases MyID's flexibility and scalability." said Richard Parris, Chairman & Chief Executive of Intercede. "MyID is now fully capable of being deployed in high and very high volume environments such as business-to-consumer and national ID card projects."

MyID is the ultimate smart card and identity credential management solution that unites numerous identity technologies and systems, creating a complete identity infrastructure. MyID is used by many Enterprise and Government customers around the world to efficiently enroll, quickly issue and effortlessly manage smart device-based identities. Identities issued and managed by MyID are used for a variety of security applications including: Employee ID cards, US Federal Government employee PIV cards, Two-factor authentication, combined logical and physical access control, secure email and signing applications, and more...

With Oracle support Intercede's customers and partners can look forward to several new and exciting features including:

- Support for Oracle 10g R2. (Windows and Solaris)
- On install MyID enables you to select the database you want to use, either Microsoft Windows SQL or the Oracle database.
- Option of Automatic Oracle database creation or manual Oracle database creation.
- Support for multiple database instances within a single Oracle server.
- MyID user experience stays the same whether you are using Microsoft Windows SQL or Oracle database.

*MyID with Oracle support will be available in Q3 2007.

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 identity technologies and products from many different vendors, including smart cards, biometrics, digital certificates and Open Platform applets.

Intercede works with a number of market leading OEM, re-seller and technology partners that supply MyID technology including: Athena Smartcard Solutions, Gemalto, RSA Security, SafeNet, Thales, VeriSign and a variety of systems integrators and other security product and service providers

[igoe104] 04/2/2007 15:09

RSA conference starts tomorrow, alot of our partners will be their.



ps if there are 80 agencies, 26 have been taken, 40 will be annouced probably sometime in march, leaves 14 still to be sorted out.

also worth a read.

[carly2] 02/2/2007 20:22

Thanks WJ as always for your helpful posts.

[wjccghcc] 02/2/2007 15:21

carly, they said in December they had received orders greater than last year's revenues (2.1mm) but didn't say they would all be recognised in H2 (due to possible contract delays and revenue recognition). Project timing is completely out of their control and as we've learnt over time, projects of these magnitude are far more likely to have a slower implementation than initially predicted.

The forecast (which for IGP is nothing more really than a very rough estimate) is for a loss of 70k which implies H2 profits of 200k which, with costs running at about 1.5-1.6mm per half seems about right, depending on how much they've had to spend in the US working on HSPD-12 contracts.

To me it's pretty irrelevant (cashflow aside) as this is the lull before the storm. HSPD-12 is unlikely to ramp up issuance until the second half of 2007 with most of it occurring in H1 2008 as the October deadline approaches. Also the US aerospace contractor and the top 4 US bank deals should kick off in 2007 and 2008 respectively plus Verisign, RSA, Safenet and Cybertrust marketing should start having an effect.

igoe, I think there are only about 80 proper federal agencies.

[igoe104] 02/2/2007 14:39

BELL ID seem a company of the past now. apart from an involvement in canada.
they jumped the gun, in the usa and failed to be usa government approved. unlike igp who are involved with 25 out of the 26 agencies, so far.
i except more positive news in the coming months.

here you go pyman.

things seem very quite for them on the RNS front.

[pyman] 02/2/2007 13:59

I ve been trying to dig up Bell ID report and accounts without success - Rotterdam based. Anyone found them? They are head to head with intercede product wise so it would be nice to 'know' them.

[igoe104] 02/2/2007 13:32

OUT of well over 200 odd agencies, only 26 have been signed up for, can,t be that long before, more news is on the way.

well we should, find out about 40 agencies, in march.
hopefully more news before then.

ps you can buy 50,000 at 62p. at the moment.

[spooky] 02/2/2007 13:23

APHRODITES - Let me make myself clear here.The company does not currently need to raise capital.Would they prefer to have a couple of million in the bank,yes,do they currently need it,no.They do not want to dilute their equity holding in the business,you can read into that what you wish.They will not go into debt to fund the business for a variety of reasons.

If business continues to ramp up then in 6 or 12 months this may change.These are the facts at this moment in time,the only room for debate is in the interpretation of the word 'need'.

[carly2] 02/2/2007 13:13

Must stop duplicating..!!

[carly2] 02/2/2007 13:12

Hi all,
Very interesting points so far today. WJ, you mentioned that you thought H2 would be break even - I had hoped that with the interims saying that orders in the first 3 months of the new year were around those of the full year (ie £2m) and that they expected further orders to have closed by the year end, that there would be a profit of between £0.5m and £1m subject to delays as you mention. Is your view based on a word with the company ? I look forward to hearing from you.
Best wishes to all

[wjccghcc] 02/2/2007 12:07

rambutan, I'm afraid that's one of the things you have to get used to as an IGP investor.

Look at the big US aerospace contractor. They've been working on that with pilots and trials for 2+ years. Hopefully it will roll out properly this year but when you have x00,000 employees and y00 offices worldwide and are spending z0 million on converged logical and physical access because of the highly sensitive nature of your work, that's how long it takes to ensure you get it right.

On the upside, it's meant the share price has gone nowhere for years allowing us to build significant stakes in IGP before the market really notices.

[Abuse team] 02/2/2007 11:02

Post removed by ADVFN

[rambutan2] 02/2/2007 11:01

thanks for the replies, i was prob just struck by a bit of late night pessimissm bought on by frustration with management at another micro cap software co i hold. as wj says, the management have proven skin flint/survival credentials and also a decent chunk of the equity.

one thing that had struck me reading the recent interim report was this...

5. Additional 200,000 MyID licenses sold to Gemalto in support of a large
European Public Sector employer, bringing the total number of MyIDlicenses
deployed by this end customer to 500,000 - Intercede's largest single
deployment to date.

in the 2006 finals they'd said that they'd granted myid licenses to enable the issue of more than 1m smart cards. so, the above customer accounts for a big % of licenses. i had hoped that by now some other projects from the last few years would have started to kick in significantly, but the impression i get is that things have moved v slowly on some fronts.

of course, the belief is that hspd-12 stuff will kick in fairly quickly and equally importantly will be the catalyst to really kick things off globally, and as this happens igp HAS to be a prime beneficiary.

as wj notes, given this situation it's remarkable in some ways that igp's mkt cap is so titchy - i wonder what it would be valued at if it was coming to mkt now? how much would it cost to replicate their position/franchise?

so, the big friday question is - are we prophets or pumkin heads!

[igoe104] 02/2/2007 10:46

worth a read

The American Transportation Security Administration (TSA) administers the TWIC program, which involves the rapid, nationwide deployment of biometric identification cards.




ps I see jealous holders of idd, are posting on here.