WidePoint's Subsidiary IT Authorities Awarded New $1.4M Managed IT And Cyber Services Contract
Portfolio Pulse from Benzinga Newsdesk
WidePoint Corporation (NYSE:WYY) announced its subsidiary IT Authorities has been awarded a $1.4 million contract for managed IT and cyber services by a major Florida attraction and research center. The three-year contract includes a comprehensive range of services such as 24x7 management and support, disaster recovery planning, and managed cyber security services. This win highlights IT Authorities' reputation and expertise in the MSP field and demonstrates WidePoint's successful cross-sell efforts and strengthening position in the MSP market.
February 05, 2024 | 2:33 pm
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WidePoint Corporation's subsidiary, IT Authorities, has won a significant $1.4 million contract for managed IT and cyber services, underscoring the company's expertise and growth in the MSP sector.
The announcement of a new $1.4 million contract for WidePoint's subsidiary IT Authorities is likely to be viewed positively by investors, as it not only demonstrates the company's competitive edge in securing large contracts but also its strategic expansion in managed IT and cyber services. This could lead to increased investor confidence in WidePoint's growth trajectory and operational capabilities, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90