Intercede Group (AIM:IGP) shares were well bid on Monday after the cybersecurity software provider announced a strategic partnership with Microsoft Corp (NASDAQ:MSFT).
Through the partnership, Intercede’s expertise in credential management systems with Microsoft’s Entra ID cloud-based identity and access management solution “to allow administrators to create and register FIDO Passkeys on behalf of users on devices such as the Yubikey family of devices or smart phones”.
"Microsoft is committed to realising the full promise of passkeys to help accelerate adoption within enterprise organisations,” said Natee Pretikul, principal product management lead at Microsoft Security.
“Our new FIDO2 provisioning APIs, and our collaboration with leading vendors like Intercede, represent a big step forward in helping organisations create fast, easy and secure authentication journeys from day one."
Intercede shares added 9.5% to 190p on the announcement.