WidePoint Corp (WYY)

[Bull_Dolphin]

Seems like they acquired this on the cheap if these statements from today's press release are accurate:

Jeff Nyweide, chief executive officer of WidePoint, said, "The acquisition of this established, industry-leading software enhances our proprietary identity management offerings, expands our customer reach, provides additional revenue opportunities, and brings in house current licensed software. The acquisition also provides us the opportunity to support several new federal agency relationships with a new partner that could generate millions of dollars of additional high-margin revenues for the company, while securing and enhancing WidePoint's proprietary identity management credentialing intellectual property."

...and...

WidePoint acquired the assets of the Probaris Technologies Probaris ID® Software Suite for approximately $400,000, which includes an upfront cash payment of $300,000, a contingent performance-based payment of $100,000, along with certain other revenue sharing-based arrangements.