Business UpdateJun 30, 2026, 09:01 AM
WidePoint Expands FedRAMP Platform Scope, Adds $2.0M in Services
AI Summary
WidePoint announced an expanded scope for its FedRAMP Authorized ITMS™ Command Center Platform deployment for a leading U.S. telecommunications carrier. This expansion includes approximately $1.0 million in additional integration services, with another $1.0 million anticipated for further enhancements. The underlying five-year SaaS agreement, valued at $40 million to $45 million in recurring revenue, remains on schedule to support 2.0 million to 2.5 million managed devices by the end of 2026. The company views this as a positive indicator of the carrier's confidence in WidePoint's platform and capabilities.
Key Highlights
- Expanded scope for FedRAMP ITMS™ Command Center Platform deployment.
- Awarded $1.0 million for additional integration services.
- Anticipates additional $1.0 million purchase order for enhancements.
- Original SaaS agreement unchanged, valued at $40M-$45M over 5 years.
- SaaS agreement to manage 2.0M-2.5M devices by end of 2026.
- Deployment remains on schedule for key milestones.
Price Impact
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