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WidePoint Achieves FedRAMP Ready Status

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WidePoint Corporation (NYSE American:WYY) announced it has achieved FedRAMP Ready Status for its Intelligent Telecommunications Management System (ITMS™) platform. This achievement indicates successful completion of a Readiness Assessment Report (RAR), marking a significant step towards full FedRAMP authorization. FedRAMP, a U.S. government program, standardizes security assessment for cloud services. WidePoint's readiness demonstrates compliance with stringent controls including cryptographic standards and risk management. The company aims for full authorization by the end of 2022 to expand service offerings to U.S. government agencies.

Positive
  • Achieved FedRAMP Ready Status, indicating readiness for full FedRAMP authorization.
  • Listed as a FedRAMP Ready vendor in the FedRAMP Marketplace, enhancing credibility.
  • Compliance with stringent security controls positions WidePoint for government contracts.
Negative
  • Full FedRAMP authorization is pending and expected only by the end of 2022, introducing uncertainty.

FAIRFAX, VA / ACCESSWIRE / November 22, 2021 / WidePoint Corporation (NYSE American:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Identity Management, Telecommunications Lifecycle Management, Digital Billing & Analytics, and IT as a Service (ITaaS), today announced that it has achieved FedRAMP Ready Status for WidePoint's proprietary Intelligent Telecommunications Management System (ITMS™) platform.

FedRAMP is a U.S. government program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. Achieving FedRAMP Ready Status is a strong indicator of success for full FedRAMP authorization and means that WidePoint's Readiness Assessment Report (RAR) has been approved. WidePoint is now listed on the FedRAMP Marketplace as a FedRAMP Ready vendor.

In order to meet FedRAMP Ready status, WidePoint was assessed for critical controls such as the use of approved cryptographic modules; continuous monitoring capabilities; authentication, authorization and access controls; and configuration and risk management.

Todd Dzyak, President of WidePoint Integrated Solutions Corp stated, "We are proud to have achieved this critical step in the FedRAMP process. FedRAMP certification is considered to be the hardest to achieve due to the large scope of controls, documentation requirements, required third-party assessment organization (3PAO) review as well as authorization by a government authority."

Jin Kang, WidePoint's CEO, added, "WidePoint will be pursuing full authorization by the end of 2022, opening up the opportunity for more U.S. government agencies to benefit from WidePoint's TM2 platform."

About WidePoint

WidePoint Corporation (NYSE American:WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.

Investor Relations:
Gateway Investor Relations
Matt Glover or John Yi
949-574-3860
WYY@gatewayir.com

SOURCE: WidePoint Corporation



View source version on accesswire.com:
https://www.accesswire.com/673681/WidePoint-Achieves-FedRAMP-Ready-Status

FAQ

What does FedRAMP Ready Status mean for WidePoint Corporation (WYY)?

FedRAMP Ready Status indicates that WidePoint's ITMS platform has met necessary security controls and is one step closer to obtaining full FedRAMP authorization.

When does WidePoint intend to pursue full FedRAMP authorization for its platform?

WidePoint plans to pursue full FedRAMP authorization by the end of 2022.

Why is achieving FedRAMP status important for WidePoint (WYY)?

Achieving FedRAMP status is crucial as it allows WidePoint to serve more U.S. government agencies, opening new business opportunities.

What is WidePoint's Intelligent Telecommunications Management System (ITMS)?

ITMS is a proprietary platform that provides comprehensive telecommunications management solutions.

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