WidePoint's Subsidiary IT Authorities Awarded New Managed Service Provider Contract

Rhea-AI Summary

WidePoint Corporation (NYSE American:WYY) announced on August 22, 2022, that its subsidiary IT Authorities secured a Managed Service Provider contract worth over $616,700 annually from a leading Sports Marketing & Media company. This contract encompasses a full range of ITaaS solutions, including IT infrastructure support, monitoring, and business productivity support. The agreement is expected to enhance cross-selling opportunities for WidePoint's ITaaS offerings. Both CEOs expressed optimism about the contract's potential to foster growth and synergy within the company.

Positive

• Secured a Managed Service Provider contract valued over $616,700 annually.
• Contract includes a full range of ITaaS solutions, bolstering service offerings.
• Potential for enhanced cross-selling and upselling opportunities within the company's portfolio.

Negative

• None.

FAIRFAX, VA / ACCESSWIRE / August 22, 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), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), announced that its subsidiary IT Authorities (ITA) has been awarded a new Managed Service Provider contract from a leading Sports Marketing & Media company valued at more than $616,700 annually.

Jason Caras, CEO of IT Authorities, stated: "IT Authorities is honored to support this innovative company. The managed services to be provided are a full range of ITaaS solutions including: IT infrastructure support, monitoring, Windows server support, managed and SaaS business application support, user business productivity support, end user desktop support, security, disaster recovering, operating system support, and software licensing. IT Authorities will provide this support 24/7. We are also providing consulting expertise and solutions insight as the company grows its business and technology footprint."

Jin Kang, WidePoint's CEO, stated, "The synergies that our teams can create are starting to be realized. This new contract is another example of how IT Authorities is forging new opportunities for cross-selling and upselling of WidePoint ITaaS solutions."

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.

About IT Authorities, Inc
IT Authorities, Inc. (ITA) is a Managed Services Provider (MSP), a Managed Security Services Provider (MSSP), and a Cloud Services Provider (CSP). ITA offers a complete portfolio of end user helpdesk services, security services, professional services and management services for Azure, AWS and Microsoft 365 as well as private cloud and on-premise solutions. Based in Tampa, Florida, ITA serves clients across the United States and in countries on five continents. ITA is a subsidiary of WidePoint Corporation. To learn more about IT Authorities, please visit itauthorities.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/712939/WidePoints-Subsidiary-IT-Authorities-Awarded-New-Managed-Service-Provider-Contract

FAQ

What contract did WidePoint Corporation announce on August 22, 2022?

WidePoint Corporation announced a Managed Service Provider contract from a leading Sports Marketing & Media company valued at over $616,700 annually.

What services will IT Authorities provide under the new contract?

IT Authorities will provide a full range of ITaaS solutions, including IT infrastructure support, monitoring, and business application support.

How does the new contract impact WidePoint's business?

The new contract is expected to enhance cross-selling and upselling opportunities for WidePoint's ITaaS solutions.

What is the significance of the August 22, 2022 press release for WYY shareholders?

The press release highlights new revenue opportunities and strengthens WidePoint's service offerings, which may positively impact WYY shareholders.