WidePoint Awarded More than $53.2 Million in Contracts During the Second Quarter of 2022
WidePoint Corporation (NYSE American:WYY) announced over $53.2 million in contracts awarded during Q2 2022. The company secured more than 50 contractual actions, including new awards and renewals, primarily in Identity and Access Management (IAM), Telecommunications, and IT as a Service (ITaaS). Notable contracts were awarded under the DHS CWMS 2.0 IDIQ contract involving key agencies such as the U.S. Coast Guard and TSA. CEO Jin Kang highlighted growth in the commercial sector and an expanding contract pipeline, reinforcing the company's strategic focus.
- Secured over $53.2 million in contracts during Q2 2022.
- Achieved more than 50 contractual actions including new awards and renewals.
- Highlighted strong performance under the DHS CWMS 2.0 IDIQ contract.
- Generated interest in IAM credentialing solutions with new pilot programs.
- None.
FAIRFAX, VA / ACCESSWIRE / July 19, 2022 / WidePoint Corporation (NYSE American:WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity and Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Digital Billing & Analytics, and IT as a Service (ITaaS), announced today that it was awarded more than
Jin Kang, WidePoint's CEO, stated: "In the second quarter of 2022, WidePoint saw more than 50 contractual actions including new awards, renewals, contract extensions and exercised option periods for our Identity and Access Management (IAM), Telecom Expense Management (TEM) and Managed Mobility Services (MMS), and IT as a Service (ITaaS) solutions. The quarter also reinforced the synergies across our divisions with cross-selling awards. Our focus on the commercial sector, with ITA taking the lead, is also producing contract wins and an expanding pipeline."
Highlights include:
- 33 actions under the DHS CWMS 2.0 IDIQ contract including, among others:
- U.S. Department of Homeland Security Headquarters
- The U.S. Coast Guard (only includes funding for 2022)
- Transportation Security Administration
- U.S. Immigration and Customs Enforcement
- U.S. Customs and Border Protection
- U.S. Courts
- ITaaS contract award for three years with a U.S. Financial Institution
- ITaaS contract award for three years with an American professional organization dedicated to higher education
Jason Holloway, WidePoint's Chief Sales and Marketing Officer, added: "WidePoint is excited by how DHS components are utilizing the CWMS 2.0 IDIQ contract. These organizations are providing new opportunities for our technology solutions. Q2 was also marked by increased interest in our IAM credentialing solutions. New pilot programs initiated in Q2 are underway; we are seeing that work come to fruition here in the third quarter."
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 Digital Billing & 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
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FAQ
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