Intercede reports 'strong progress' across recently launched Connect Partner Programme

Software firm Intercede said on Monday that it had recorded "strong progress" with its recently launched Connect Partner Programme.

Intercede said the programme underpinned the current and future growth of the company through new partnerships in Europe, United States, ASEAN, Latin America and Africa.

The AIM-listed firm stated the strength of the new relationships had resulted in a "record number" of six new customers being signed up during the first quarter of the trading year, with orders received totalling in excess of £600,000, most of which will be recognised in the current fiscal year.

Chief executive Klaas van der Leest said: "Despite launching our Connect Programme just before the Covid-19 pandemic began, we have made strong progress in the wider partner community as witnessed by the new and refreshed relationships and we fully expect further new partnerships to be added across many regions in 2021.

"During the last fiscal year, over 90% of new business revenue was booked through the Connect Partner Programme and it is pleasing to see this momentum continuing during the first quarter of the current year."

As of 0935 BST, Intercede shares had surged 16.26% to 118.0p.