Trusted mobility management solutions provider WidePoint has announced the acquisition of Tampa-based IT Authorities.
As per the terms of the agreement, WidePoint will acquire substantially all the assets of ITA with additional transaction details to be filed.
WidePoint is already well known in the industry for its Identity Management (IdM), Telecommunications Lifecycle Management, and Digital Billing & Analytics solutions. This latest bill will add Managed services, managed security services and cloud services provider under its belt.
This acquisition will expand the company's expertise in delivering ITaaS solutions to existing and prospective customers, as well as grow its footprint in the enterprise sector.
"After a meticulous screening period, we found the ideal company in ITA because it adds accretive value across all facets of our business," said Jin Kang, WidePoint CEO. "With the rapidly growing managed services, cloud, and cybersecurity markets poised for explosive growth, ITA significantly strengthens our footprint within each growth market.”
ITA has over 110 clients in the U.S. in a number of industries. Its also been named to the Inc. 5000 Fastest Growing Company in America list seven times and named a "Best Places to Work/Best Companies to Work For" over 10 times.
“In conjunction with the immediate financial and sales benefits we're already seeing, our joint capabilities increase our value proposition in the market and correspondingly increases our chances of winning larger deals and contracts going forward. Additionally, ITA brings a very strong company culture and customer service, as proven by the plethora of corporate awards they've won, which is something that is overlooked and being phased out nowadays by technology companies within the professional services space. Overall, the accretive acquisition provides WidePoint with a more robust set of capabilities and technical synergies that will enable us to capture more market share in the burgeoning managed services, cloud, and cybersecurity markets," said Kang.
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Edited by
Luke Bellos
