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WidePoint Signs Mobile and Telecom Managed Services Contract with S&P 500 Food & Beverage Company

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WidePoint Corporation (NYSE American: WYY) has secured a new contract to provide Mobile and Telecom Managed Services to a major S&P 500 and FTSE4Good Food & Beverage company. This contract includes comprehensive services such as vendor communication management, invoice processing, billing dispute resolution, cost-saving identification, and analytics reporting. CEO Jin Kang expressed pride in displacing a competitor and highlighted the role of their Intelligent Technology Management System in achieving this win. This contract marks the third significant competitive displacement for WidePoint recently, emphasizing its strong position in the market.

Positive
  • Secured a contract with a major S&P 500 food and beverage company.
  • Displaced a significant competitor in the telecom managed services space.
  • Third recent win against major competitors, indicating strong market performance.
Negative
  • None.

FAIRFAX, VA / ACCESSWIRE / March 6, 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), has executed a new contract to provide Mobile and Telecom Managed Services to a Standard & Poor's 500 ("S&P 500") and FTSE4Good Food & Beverage company.

WidePoint will provide a Telecom and MMS solution that encompasses:

  • Managing communications with vendors through their respective tooling channels (tickets, phone and/or chat)
  • Invoice processing (Wired and Wireless)
  • Reviewing and verifying invoice payments
  • Identifying and resolving billing disputes
  • Identifying cost savings
  • Identifying zero usage users
  • Analyzing CDR data with monthly/quarterly/ad-hoc reports
  • Quarterly / Yearly Audits
  • Vendor Management

Jin Kang, CEO of WidePoint, stated: "WidePoint is pleased that our Mobile Telecom Managed Services solution was selected to replace one of our competitors by one of the biggest national players in the food & beverage sector. This win marks the third occurrence in the past few months where WidePoint has displaced a major competitor. We credit our success to our superior cybersecurity solution and posture as well as a better delivery system, our Intelligent Technology Management System (ITMSä). We are honored to have this visionary food and beverage company as a client and look forward to long and mutually productive business relationship."

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/742018/WidePoint-Signs-Mobile-and-Telecom-Managed-Services-Contract-with-SP-500-Food-Beverage-Company

FAQ

What contract has WidePoint Corporation signed recently?

WidePoint Corporation signed a contract to provide Mobile and Telecom Managed Services to a major S&P 500 and FTSE4Good Food & Beverage company.

How does WidePoint's recent contract impact its business?

The recent contract enhances WidePoint's market position by displacing a competitor, marking its third significant win in a few months.

What services will WidePoint provide under the new contract?

WidePoint will offer vendor communication management, invoice processing, billing dispute resolution, cost-saving identification, and analytics reporting.

Who is the CEO of WidePoint Corporation?

Jin Kang is the CEO of WidePoint Corporation.

What is the significance of WidePoint's recent contract win?

The win signifies WidePoint's competitive edge in the telecom managed services market and reflects its strong technological capabilities.

WidePoint Corporation

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