Intercede Share Discussion Threads

[igoe104] 31/10/2012 11:29

WORTH A READ.

[distorted vision] 26/10/2012 19:48

Finally just broken even after sitting on losses for a while. I was looking at an exit strategy at current levels but I've decided to continue to hold. Think theres still upside potential.

[wjccghcc] 26/10/2012 16:15

Nope. Still here. Sold some of mine recently to take advantage of the institutional demand there is at the moment since they had tripled since I bought them and were too great a proportion of my portfolio. Happy to hold the rest.

[igoe104] 26/10/2012 15:00

In years to come i expect 25% of the world will be using a intercede product, this share just has to be a buy.

ps whats happened to wjcch, surely hes not sold up ?

[igoe104] 26/10/2012 14:48

More good news.

London, UK, October 26, 2012 - Intercede, the producer of MyID®, a world-leader in identity and credential management systems, today launched its MyID management solution for Microsoft Windows 8 Virtual Smart Cards (VSCs), including desktop, laptop and tablet devices. Delivering a smart card level of security without the smart card, the solution ensures only known people on known devices can access company information.

Microsoft Windows 8 introduces the concept of VSCs, which make use of the Trusted Platform Module (TPM) – a dedicated secure hardware processor built into the majority of PCs available today. VSCs are secured by the TPM and operate in an identical manner to smart cards plugged into a smart card reader, while offering a similar level of security to a smart card.

"Like any secure device and credential, VSCs need to be managed", said Richard Parris, CEO of Intercede. "MyID provides VSC management capabilities from issuance through to credential end of life. By providing a secure issuance process, MyID effectively binds the person to the VSC, creating a chain of trust that is essential to ensure the user is who they claim to be and the credential on the VSC can be trusted."

Continuing, Parris said: "Two factor authentication involving a smart card and PIN delivers a strong security solution but the cost and complexity of supplying cards, readers and potentially card middleware to each user means many organisations stick with insecure password based systems, putting themselves at risk of data loss and sponsored hacking. Intercede's MyID solution circumvents this challenge, making VSCs easy to deploy and manage, enabling organisations to benefit from the enhanced security they provide.

MyID provides the lifecycle management features required to effectively implement large scale credential roll-outs, including unlock, reset, key recovery, certificate renewal and revocation. It also enables companies to remotely erase a VSC from a TPM should employees leave the organisation. The solution's secure audit and reporting capability ensures organisations are in control of which identities and credentials are in use and which can be trusted.



Notes to Editors

How MyID Works

MyID acts as a link between the user data store, credentialing authority (PKI), devices (TPM-equipped laptop or tablet) and the user. The sequence below is a typical example of initial provisioning:
The user is already using a laptop or tablet equipped with an embedded TPM, but is logging on to the domain with a username and password
Either an IDMS (such as Microsoft FIM) instructs MyID to issue a VSC to the user, or a MyID operator uses MyID to select the user needing the VSC from the directory
MyID generates a 'task' to be collected
The next time the user logs onto Windows they are notified that they have a VSC to collect
The user decides to collect the VSC now and is guided through a simple self-service app-style interface
During the self-service process MyID communicates securely with the TPM to create a VSC
MyID prompts the user to choose and verify a PIN for the VSC
MyID then generates keys on the VSC via the cryptographic functions build into Windows 8 (no additional 3rd party middleware is required)
Private keys remain protected by the TPM and public keys are formed into a certificate request
MyID sends the certificate request to the certificate authority (CA), e.g. the certificate services capability built into the Windows Server
MyID retrieves the certificates from the CA
MyID writes the certificates to the VSC
The process is complete and the user can now use their VSC in the same manner as a physical smart card

For further information see www.intercede.com/?q=virtualsmartcards, follow Intercede's Twitter handle: @IntercedeMyID

[yump] 18/10/2012 08:46

Thanks for that link - just read details properly - I'm losing touch with my investment. $0.99 cost per download as far as I can see.

[igoe104] 18/10/2012 08:36

write-up in Data Center Journal

[yump] 17/10/2012 10:49

Anyone seen any details about any revenue from that app ? only I know a lot of apps are kind of loss-leaders to get sales via another route, but there isn't a public buying route or demand for IGP products, so I assume there's a chunk of sales revenue in there somewhere, or a pence per use/download ?

[igoe104] 17/10/2012 09:24

From the leicesteshire mercury.

[igoe104] 16/10/2012 13:23

Latest news.

Intercede® Enables Mobile Identity Verification with Launch of MyID®CardChecker™ App for Apple iOS

Intercede has developed a downloadable mobile app – available in the Apple app store – that allows iPhones and iPads equipped with a Tactivo Smart Card Reader from Precise Biometrics to read and display smart cards, including personal identification number (PIN) protected content. With the MyID CardChecker app and the data encoded in the device, organizations can check and authenticate a smart card from the smartphone or tablet without the need for an Internet connection. The app verifies that the data is formatted correctly and that the data printed on the card surface matches the electronically encoded data on the card

[yump] 07/10/2012 17:48

Yuk, you've spoil my weekend mentioning MBL.

I think they illustrate the difference between companies trying it on a bit who think something is fair until its pointed out that its not and/or being badly advised in the process, (but doing it openly) and companies like MBL who cloud everything in smoke and mirrors while consistently milking shareholders.

[roger-lawson] 06/10/2012 16:00

Yump: re much worse cases, perhaps Lamprell is one - now issued its fourth profit warning in a row. So yes there are. Or MBL is another one.

[maddox] 06/10/2012 13:30

Hi Roger, yes, non-exec Chairman is what I meant, now edited. Cheers, Maddox

[yump] 06/10/2012 12:58

I don't think that comment is fair at all.

It would be fair if these two companies were bulk selling consumer products, which in general produces an even flow of sales, even if you're in a recession, sales don't just disappear suddenly.

These two companies, particularly SRT, have incredibly lumpy contracts.
So do you tell shareholders that revenue is likely to drop or be flat next year, because you take the view that the contracts aren't going to appear, after you've had a good year ??

I run a company that's dependent on outside decisions (Google adjusting its algorithms, which plays havoc with website traffic). We set targets and expectations for 2010 which were well beaten, mainly by a beneficial update. For 2011 we set quite optimistic targets and then Google did an update that had a bad effect. So there was actually a drop in revenue.

I can tell you there is no way that anyone in their right minds running a company where things are going well, is going to put out a pessimistic forecast. You might as well give up the business.

This reminds me of the endowment mis-selling fiasco, in a different way.

If someone had told me 25 years ago that I couldn't plan for 8-10% growth and that I would have had to double my premiums to ensure the outcome, I would not have been well pleased. Particularly as for the previous xxxxx years, growth in funds had actually been 8-10%.

Everyone would have complained that they were being ripped off.

If growth had continued at 8-10% nobody would have complained.
But once it dived, suddenly everyone has been mis-sold.

You can only forecast what seems to be reasonable at the time.

Back to the topic.
There are much, much, much worse cases of optimistic forecasts and comments, containing all manner of BS than is the case with IGP and SRT.

[boadicea] 06/10/2012 12:36

Roger - In one sense I think you are being rather hard on the management of these companies. Half (or more) of the criticism belongs to the way we run bureaucracies which double the time, difficulty and cost of all associated enterprises.

[roger-lawson] 06/10/2012 10:22

Don't you mean "non-executive" chairman. Otherwise I totally agree.

[maddox] 06/10/2012 10:04

Hi Roger,

Fully agree with you on that point - you have to be able to trust the management team.

The problem is that you also need to be a very enthusiastic and optimistic egotist to be an entrepreneur. This trait unfortunately leads to unrealistic expectation setting and disappointed shareholders. That's why you are also correct in wanting a separate non-executive chairman for this business to worry about us shareholders and leave the CEO to focus on their customers and driving revenue up.

[roger-lawson] 06/10/2012 09:03

There are certainly similarities between SRT and IGP - both companies run by enthusiastic but obviously very dominant individuals who consistently give a good story about future prospects but then consistently fail to deliver. As to why that is can be explained by more examination of the way they run these companies. Me, I prefer to invest in companies where I trust the management.

[boadicea] 05/10/2012 21:12

The continuity factor for IGP (less so for SRT I think) is ongoing licence revenue and maintenance fees, coupled with the effects of employee turnover which requires additional issue of cards etc. I haven't researched the relative proportionality but it should produce a steady increase in recurring revenue over time dependent on the cumulative increase in the installed base.

In the case of SRT, the installed electronic equipment will probably have a service life of 10+ years (pure guesswork) unless revised standards are introduced that require earlier updating. However, the mandating process worldwide will probably take that long anyway and we have to hope SRT maintain their market superiority and new product implementations over that sort of time-frame to justify a long term view of returns on investment.

A smoother order flow, avoiding large last minute mandate panics, is always preferable. As we know, SRT have had to stockpile components in order to facilitate timely delivery to customers' needs and that leads not only to tied up capital but to the risk of stock obsolescence if delays are extended and new or later version or cheaper chips subsequently become available. Any failure to deliver opens the way for competition to get a foot in the door even if technically inferior.

None of this is zero risk, hence justification of market caution.

[yump] 04/10/2012 09:43

I'm in SRT as well and neither are over-egged shares at the moment !

My main worry is actually whether IGP actually need significant new contracts just to stand still - I presume a proportion of revenue is one-off gains from new contracts, so if there was a lack of new business in the first half, that would explain why an expansion in installed customer use hasn't lead to an increase in revenue.

Also got a slight concern that, (as with SRT) we might expect the potential contracts, having been delayed, to all come in a rush near to their implementation deadlines, to deliver bumper years. However if the delays actually move the deadlines back, then the revenue won't deliver bumper years because it will be spread out over more years.

I happen to think that's what will happen with SRT, although it would still be good business.

[boadicea] 04/10/2012 09:04

Yump - Generally agree with your comments.

Undoubtedly there are a lot of potential projects queued up on which decisions get delayed due to governments' current cash constraints so progress is slowed. That is looking at the plus side.
On the minus side, we have the risk that some of the projects will eventually get cancelled or superseded by cheaper or next-generation alternatives.

I could post exactly the same comment on the SRT thread where AIS mandates get postponed, compliance dates extended, etc and customers generally wait until the last possible moment before committing.

We can therefore only safely value a share on progress to date and should heavily discount promises of jam tomorrow - which is what the market is increasingly doing.

[igoe104] 04/10/2012 09:01

Looks like we going to see a number of positive RNS over the coming months, should have a nice impact on the s/p.

A number of large bid opportunities are in progress with major corporates and governments, several of which are expected to yield revenues before the end of the financial period.

[2vdm] 04/10/2012 08:19

I agree yump. Let's hope we get some definite news/contracts