About WidePoint
WidePoint is a company based in Mclean (United States) founded in 1996.. The company has 255 employees as of December 31, 2024. WidePoint has completed 3 acquisitions, including Protexx, Soft-ex and T Authorities Managed Services. WidePoint offers products and services including Secure Identity & Access Management, Secure Managed Mobility Solutions, Telecom Lifecycle Management, Secure Analytics, and IT as a Service. WidePoint operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Mclean, United States
- Employees 255 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Widepoint Corporation
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Annual Revenue
$142.57 M34.47as on Dec 31, 2024
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Net Profit
$-1.93 M52.2as on Dec 31, 2024
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EBITDA
$1.39 M1110.32as on Dec 31, 2024
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Latest Funding Round
$5 M (USD), Debt – Conventional
May 04, 2018
- Investors
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Employee Count
255
as on Dec 31, 2024
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Investments & Acquisitions
Protexx
& 2 more
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IPO & Listings of WidePoint
WidePoint is a publicly listed company on the AMEX with ticker symbol WYY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of WidePoint
WidePoint offers a comprehensive portfolio of products and services, including Secure Identity & Access Management, Secure Managed Mobility Solutions, Telecom Lifecycle Management, Secure Analytics, and IT as a Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects digital access and enhances user authentication.
Improves security for mobile devices and data management.
Optimizes telecom operations and reduces associated costs.
Provides insights to enhance infrastructure and performance.
Delivers managed cloud and security services for clients.
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Funding Insights of WidePoint
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(06 May 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Debt – Conventional - WidePoint | Valuation |
investors |
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| May, 2008 | Amount | Post-IPO - WidePoint | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WidePoint
WidePoint has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Access National Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private sector commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WidePoint
WidePoint has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Protexx, Soft-ex and T Authorities Managed Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Managed IT services are provided for system monitoring and support.
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2006 | ||||
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Access management and data authentication services are provided by Protexx.
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2002 | ||||
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Actionable intelligence is provided by Soft-ex for communications data.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WidePoint
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Widepoint Comparisons
Competitors of WidePoint
WidePoint operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Widepoint
Frequently Asked Questions about WidePoint
When was WidePoint founded?
WidePoint was founded in 1996 and raised its 1st funding round 12 years after it was founded.
Where is WidePoint located?
WidePoint is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
How many employees does WidePoint have?
As of Dec 31, 2024, the latest employee count at WidePoint is 255.
What is the annual revenue of WidePoint?
Annual revenue of WidePoint is $142.57M as on Dec 31, 2024.
What does WidePoint do?
Platform for financial planning solutions for telecom companies. It provides managed mobility services (MMS), telecom expense management (TEM), and cyber security solutions to corporates and government agencies. Its solutions include mobile policy, managing expenses, mobile security, life cycle management, device management, and more.
Who are the top competitors of WidePoint?
What products or services does WidePoint offer?
WidePoint offers Secure Identity & Access Management, Secure Managed Mobility Solutions, Telecom Lifecycle Management, Secure Analytics, and IT as a Service.
Is WidePoint publicly traded?
Yes, WidePoint is publicly traded on AMEX under the ticker symbol WYY.
How many acquisitions has WidePoint made?
WidePoint has made 3 acquisitions, including Protexx, Soft-ex, and T Authorities Managed Services.
Who are WidePoint's investors?
WidePoint has 1 investor. Key investors include Access National Bank.
What is WidePoint's ticker symbol?
The ticker symbol of WidePoint is WYY on AMEX.