WidePoint Secures More than $11 Million in Trusted Mobility Management (TM2) Contracts during the Third Quarter of 2020
11/02/2020 - 09:00 AM
FAIRFAX, Va., Nov. 02, 2020 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY ) , the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Digital Billing & Analytics solutions, today reported that the company recorded more than $11.6 million in contract awards during the third quarter of 2020.
During the quarter, WidePoint recorded 40 contractual actions, including new awards, renewals, contract extensions and exercised option periods.
“The shift to mobile and remote work practices by government agencies and commercial enterprises continues to expand WidePoint’s growth opportunities,” said Jin Kang, WidePoint’s CEO. “Across our growing client base, WidePoint’s Mobility Managed Services (MMS) are trusted as the solution of choice for managing the mobile landscape. We are leveraging that reputation to expand our footprint and secure higher margin business, which we’ve already accomplished this quarter by adding a new Identity Management credentialing client.”
Jason Holloway, WidePoint’s CSMO, added, “We are focusing on adding ancillary services to our core solutions that will increase our higher margin revenues. WidePoint is now expanding our cross-selling of mobile devices, accessories and VAR software licensing and equipment. WidePoint is the preferred MMS provider for organizations seeking to consolidate their telecom and mobile resources and services in a secure framework. We look forward to delivering on these contracts and helping prospective clients adjust to this shifting landscape.”
About WidePoint widepoint.com .
Investor Relations: WYY@gatewayir.com
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Industry
Computer Systems Design Services
Sector
Professional, Scientific, and Technical Services
Tags
Technology Services, Data Processing Services, Professional, Scientific, and Technical Services, Computer Systems Design Services
Country
US
City
Fairfax
About WYY
widepoint corporation is a leading provider of wireless mobility management and cybersecurity solutions. identity access management, multi-factor authentication and critical response management offer advanced information technology through its innovative solutions to the government and commercial markets. widepoint is comprised of four business groups with each offering unique capabilities specializing in emergency response management solutions, asymmetric authentication deployed as pki, wireless telecommunication expense management services, forensic informatics system engineering and consulting services. we provide leadership on trusted virtual and physical credentialing authentication, authorization and attribute tracking; and competitive sourcing of wireless telecommunication services to meet the demands of our government and commercial customers. we intend to grow significantly over the next few years through a combination of aggressive organic growth, the acquiring of selective
