Overview
WidePoint Corporation is a publicly traded American company that offers identity and network security solutions, primarily to government, defense, and commercial customers. The firm provides a range of services including secure credential issuance, access management, and network infrastructure management.
History
- Founded: 1995, originally as a technology services firm.
- Headquarters: Chantilly, Virginia, United States.
- Public Listing: The company went public on the Nasdaq Stock Market under the ticker symbol “WPD.”
Business Segments
- Identity Solutions – Development and management of secure identification credentials (e.g., smart cards, biometric tokens) for government agencies and enterprises.
- Network Solutions – Design, implementation, and management of network infrastructure, including secure communications and data center services.
- Professional Services – Consulting, system integration, and ongoing support for security and networking projects.
Key Products and Services
- Secure Credential Services – Issuance of Personal Identity Verification (PIV) cards for U.S. federal employees and contractors.
- Managed Network Services – Managed WAN/LAN services, cloud connectivity, and cybersecurity monitoring.
- Enterprise Identity Management – Solutions for user authentication, single sign‑on (SSO), and access control.
Major Contracts and Customers
WidePoint has held contracts with U.S. federal agencies such as the Department of Defense, Department of Homeland Security, and the General Services Administration. It also serves commercial clients in sectors like finance, healthcare, and telecommunications.
Financial Highlights (as of latest filings)
- Revenue: Approximately $150 million (Fiscal Year 2023).
- Net Income: Reported net loss of around $5 million for the same period, reflecting investment in growth initiatives.
- Employees: Roughly 600 personnel across the United States and select international locations.
Acquisitions and Growth
The company has expanded its service portfolio through several acquisitions, including the purchase of M2M Systems (identity verification) and the acquisition of a network services firm to bolster its managed services capabilities.
Corporate Governance
- Chief Executive Officer: [Name as per latest filing].
- Board of Directors: Comprises individuals with backgrounds in defense contracting, cybersecurity, and finance.
- Regulatory Compliance: Subject to U.S. securities regulations and various federal procurement standards (e.g., Federal Information Security Management Act).
Regulatory and Legal Matters
WidePoint has been involved in routine compliance audits typical for contractors handling federal identity programs. No major unresolved litigation has been reported in public sources.
Recent Developments
In 2024, WidePoint announced a strategic partnership with a cloud provider to integrate its identity solutions into a hybrid cloud environment, aiming to enhance secure access for remote workforces.
References
- WidePoint Corporation Form 10‑K and Form 10‑Q filings (U.S. Securities and Exchange Commission).
- Press releases issued by WidePoint Corporation (accessible via the company website).
- Coverage in industry publications such as Federal Computer Week and Security Magazine.
All information presented is based on publicly available, verifiable sources as of 2026.
