WidePoint's Subsidiary IT Authorities Awarded More than $1.7 Million in Cisco and Managed IT Services Contracts
WidePoint (NYSE American: WYY) announced that its subsidiary IT Authorities has secured contracts worth over $1.7 million for Cisco and Managed IT Services.
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Rhea-AI Summary
WidePoint (NYSE American: WYY) announced that its subsidiary IT Authorities has secured contracts worth over $1.7 million for Cisco and Managed IT Services. The contracts include $1.4 million in previously disclosed Q3 2024 awards and a new $300,000 Cisco Enterprise Agreement for Q4 2024. Despite hurricane-related business slowdowns in Florida, ITA secured contracts with diverse clients including beverage distributors, a sports marketing firm, an education center, a research center, and a data management firm.
Positive
- Secured new contracts worth over $1.7 million
- Maintained business continuity and service delivery despite hurricane disruptions
- Expanded client portfolio across diverse sectors
- New $300,000 Cisco Enterprise Agreement for Q4 2024
Negative
- Business slowdown in Florida region due to hurricanes
Details
News Market Reaction – WYY
The recorded move for WYY in the trading session of this news was +1.39%.
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FAIRFAX, VA / ACCESSWIRE / October 30, 2024 / WidePoint Corporation(NYSE American:WYY), the innovative enterprise cyber security and mobile technology provider, announced that its subsidiary IT Authorities ("ITA") has been awarded more than
Jin Kang, WidePoint's Chief Executive Officer, stated: "These contracts, including
The contracts include Managed IT Services and Cisco solutions to:
Three beverage distributors
A sports marketing firm
A child development and education outreach center
One of Florida's most popular attractions and research centers
A data management firm
A new Cisco Enterprise Agreement valued at
$300,000 t o be recognized in Q4 2024
Jason Holloway, WidePoint's Chief Revenue Officer, added: "We are proud of the ITA team for expanding services to numerous important clients and for deepening our partnership with Cisco through Cisco SMARTnet and Meraki 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.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
WYY@gateway-grp.com
SOURCE: WidePoint Corporation
View the original press release on accesswire.com
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