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Bull_Dolphin Member Level  Monday, 10/04/21 03:02:35 PM
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From Fidelity:

WidePoint Acquires Cloud Services Provider IT Authorities

MT NEWSWIRES 11:50 AM ET 10/4/2021
Symbol Last Price Change
WYY 5.31down +0.17 (+3.3074%)
QUOTES AS OF 02:08:32 PM ET 10/04/2021
11:50 AM EDT, 10/04/2021 (MT Newswires) -- WidePoint(WYY) said on Monday it has acquired IT Authorities, a provider of cloud services and other IT services.

IT Authorities, with a customer base of 110 clients across a range of industries throughout North America, is expected to strengthen the company's footprint in managed services, cloud, and cybersecurity markets.

IT Authorities expects to report annualized revenue of about $10 million and adjusted EBITDA of about $1.5 million for 2021.

A conference call to discuss the deal is scheduled for Monday at 11:00 AM ET, WidePoint(WYY) added.

Price: 5.26, Change: +0.12, Percent Change: +2.33


MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.



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