WidePoint Awarded $46 Million in IT and Security Contracts During Q2 2023

Rhea-AI Summary

WidePoint Corporation (NYSE American:WYY) announced that it was awarded approximately $46 million in IT and security contracts during Q2 2023. This includes $3 million in commercial contracts and $43 million in government contracts. The company saw more than 80 contractual actions across its business units, including new awards, renewals, contract extensions, and exercised option periods. WidePoint received multimillion-dollar awards from federal agencies under the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 IDIQ contract, including the ATF, CISA, the Coast Guard, and TSA. The company also secured numerous renewals and orders for its Identity & Access Management offerings, as well as contract renewals for Soft-ex's Analytics & Billing as a Service solution.

FAIRFAX, VA / ACCESSWIRE / July 11, 2023 / WidePoint Corporation (NYSE American:WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced today that it was awarded approximately $46 million in IT and security contracts during the second quarter of 2023.

Jin Kang, WidePoint's CEO, stated: "In the second quarter of 2023, WidePoint saw more than 80 contractual actions across our business units including new awards, renewals, contract extensions and exercised option periods. These wins encompass our Managed Mobility Services, AbaaS, Identity & Access Management and Information Technology as a Service solutions."

Highlights include:

• More than 80 contractual actions resulting in $45,908,000 in contract value.
  • $3 million in commercial contracts
  • $43 million in government contracts
• Under the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 IDIQ contract, multimillion dollar awards from federal agencies including the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Cybersecurity and Infrastructure Security Agency (CISA), the United States Coast Guard and the Transportation Security Administration (TSA), among others
• Numerous renewals and orders for WidePoint's Identity & Access Management offerings
• Contract renewals for Soft-ex's Analytics & Billing as a Service solution
• Product and service contracts for IT Authorities

Jason Holloway, WidePoint's Chief Revenue Officer, noted: "WidePoint continues to evolve and expand our cross-selling initiatives. We are excited to see new and current clients choose WidePoint solutions to secure and manage their work environments and maximize their technology investments."

About WidePoint

WidePoint Corporation (NYSE American:WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity and Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service (ITaaS), Cloud Security, and Analytics & Billing as a Service (ABaaS). For more information, visit widepoint.com.

WidePoint Investor Relations:

Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gatewayir.com

SOURCE: WidePoint Corporation

View source version on accesswire.com:
https://www.accesswire.com/766749/WidePoint-Awarded-46-Million-in-IT-and-Security-Contracts-During-Q2-2023

FAQ

What contracts did WidePoint Corporation secure in Q2 2023?

WidePoint Corporation secured approximately $46 million in IT and security contracts during Q2 2023. This includes $3 million in commercial contracts and $43 million in government contracts.

Which federal agencies awarded multimillion-dollar contracts to WidePoint Corporation?

Under the U.S. Department of Homeland Security Cellular Wireless Managed Services (CWMS) 2.0 IDIQ contract, WidePoint Corporation received multimillion-dollar awards from federal agencies such as the ATF, CISA, the Coast Guard, and TSA.

What types of contracts did WidePoint Corporation secure for its Identity & Access Management offerings?

WidePoint Corporation secured numerous renewals and orders for its Identity & Access Management offerings.

What contract renewals did WidePoint Corporation secure for Soft-ex's Analytics & Billing as a Service solution?

WidePoint Corporation secured contract renewals for Soft-ex's Analytics & Billing as a Service solution.

How many contractual actions did WidePoint Corporation see in Q2 2023?

WidePoint Corporation saw more than 80 contractual actions across its business units in Q2 2023.