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WidePoint Corporation
WidePoint Corp provides managed mobility and identity management services to U.S. federal agencies, generating over $100M in annual revenue.
WidePoint Corporation
WidePoint Corporation was founded in 1996 and is headquartered in Fairfax, Virginia. CEO Jin Kang has led the company while it has secured a position as a niche provider of Trusted Mobility Management (TM2) and identity credentialing to U.S. federal agencies. The firm operates as a public company, trading on the NYSE American under the ticker WYY, rather than as a family office or investment manager. The company deploys capital through a technology-led services model anchored by two primary solution sets: managed mobility services for Telecom Lifecycle Management (TLM) and federally compliant identity management services. Publicly disclosed contracts include a multi-year agreement with the Transportation Security Administration (TSA) to provide enrollment and identity management solutions. Its subsidiary, WidePoint Integrated Solutions Corp., delivers Commercial Identity-as-a-Service (IDaaS) and public-sector credentialing across the United States. Geographic coverage is domestic, though the mobility management platform supports international device provisioning for federal travelers. With a team of professionals operating from its Virginia headquarters, WidePoint reported over $100 million in annual revenue in recent years. In November 2022, the company received a multiple-award, $500 million ceiling-value Blanket Purchase Agreement from an unnamed Department of Homeland Security component agency for Identity, Credential, and Access Management (ICAM) solutions. The firm has also historically provided mobile virtual network operator (MVNO) services for federal agencies through its Cellular Machine-to-Machine (M2M) connectivity platform. WidePoint's structural differentiator is its legal identity as a public services contractor selling infrastructure management to the Department of Homeland Security. This exposes the company not to typical investment portfolio risks but to federal procurement cycles, government continuing resolutions for budget allocations, and the personal identity verification standards mandated by HSPD-12 and NIST Special Publication 800-63.
General information
Firm type
other
Year founded
1996
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Fairfax
Corporate office
Fairfax, VA, United States
Principals
Jin Kang
CEO
Sector focus
Frequently asked questions
What is WidePoint's primary source of revenue?
The company derives revenue primarily from providing managed mobility services and identity management solutions to U.S. federal government agencies. Its contracts are typically multi-year, task-order-based agreements under vehicles like GSA Schedule 70 and specific Blanket Purchase Agreements.
Is WidePoint an investment entity or an operating company?
WidePoint is not a family office, asset manager, or private equity firm. It is a publicly traded operating company (NYSE American: WYY) that sells technology services directly to government clients. It does not manage third-party capital or make marketable security investments.
What is WidePoint's relationship with the Department of Homeland Security?
The Department of Homeland Security is WidePoint's most significant client. The company holds contracts to provide identity, credential, and access management services, including a Blanket Purchase Agreement with a ceiling value of $500 million awarded in late 2022 by a DHS component.
Who are WidePoint's main competitors?
WidePoint competes with other government-focused mobility management and identity credentialing providers, though it operates in a niche segment. Its competitive posture relies heavily on holding specific certifications, including being an AT&T Public Sector Platinum Partner and maintaining authority to operate (ATO) certifications within the DHS environment.
Does WidePoint make strategic acquisitions to grow?
Historically, WidePoint has used acquisitions to expand its technical capabilities, including past transactions in the identity management and mobile security space. The company's growth strategy involves leveraging existing contract vehicles to capture additional task orders and extend its ICAM footprint within federal civilian and defense agencies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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