Globe Newswire 14-Jan-2019 6:00 AM
FAIRFAX, Va., Jan. 14, 2019 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Bill Presentment & Analytics solutions, has relocated its corporate headquarters to Fairfax, Virginia.
In 2017, WidePoint began implementing a strategy to increase revenues while decreasing operational costs. The relocation of the company's headquarters is the latest development in its long-term strategy. The new headquarters is intended to facilitate greater communication between departments and provide a superior space for the development of new products for both enterprise and federal clients.
"For the past year and a half, we've been working diligently to consolidate departments in order to increase our operational efficiency, and this relocation is an important milestone in that process," stated Jin Kang, Chief Executive Officer and President of WidePoint Corporation. "When the new management team was appointed in July 2017, there was little communication or collaboration between the various sectors of our business. With more of our resources now working together under one roof, we are in an even stronger position to collaborate on projects, to cross-sell between departments, and to provide more streamlined services to our customers, all of which will ultimately translate to higher revenues, lower costs, and increased value for our shareholders."
Jason Holloway, WidePoint's Chief Sales & Marketing Officer, commented: "By moving our headquarters to this new location, WidePoint has created an even more secure environment to develop our next generation Access and Identity Management solutions. Additionally, we are confident that the unification of our federal and cyber teams in one location will enhance our current and future TM2 offerings and provide us with additional competitive advantages in both the federal and commercial space. We look forward to realizing the many benefits we expect this move will generate for our customers, employees and shareholders."
WidePoint Corporation (NYSE:WYY) is a leading provider of technology-based management solutions, including telecom management, mobile management, access management and identity management. For more information, visit widepoint.com.
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|Matt Glover and Tom Colton
Liolios | Investor Relations
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