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WidePoint Corporation (WYY): Business Model Canvas [Jan-2025 Updated]
US | Technology | Information Technology Services | AMEX
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WidePoint Corporation (WYY) Bundle
In the high-stakes world of cybersecurity and government technology solutions, WidePoint Corporation (WYY) emerges as a strategic powerhouse, bridging critical security needs across federal agencies, defense organizations, and enterprise clients. By masterfully integrating advanced identity management, cutting-edge cybersecurity technologies, and tailored digital transformation services, WidePoint has positioned itself as an indispensable partner in protecting and optimizing complex technological ecosystems. Their unique Business Model Canvas reveals a sophisticated approach that transforms technological challenges into robust, scalable solutions that safeguard national and corporate interests in an increasingly complex digital landscape.
WidePoint Corporation (WYY) - Business Model: Key Partnerships
US Government Agencies and Defense Contractors
WidePoint Corporation has established strategic partnerships with multiple US government agencies and defense contractors:
| Agency/Contractor | Contract Value | Contract Duration |
|---|---|---|
| Department of Defense | $37.6 million | 2023-2025 |
| US Navy | $22.4 million | 2024-2026 |
| Department of Homeland Security | $15.9 million | 2023-2024 |
Cybersecurity Technology Providers
Key cybersecurity technology partnerships include:
- Palo Alto Networks
- CrowdStrike
- Symantec
- FireEye
Cloud Service and Infrastructure Partners
| Cloud Provider | Annual Partnership Revenue | Service Type |
|---|---|---|
| Amazon Web Services (AWS) | $18.3 million | Cloud Infrastructure |
| Microsoft Azure | $12.7 million | Hybrid Cloud Solutions |
| Google Cloud Platform | $8.5 million | Enterprise Cloud Services |
Telecommunications Network Operators
Telecommunications partnerships include:
- Verizon Business
- AT&T Government Solutions
- Sprint Government Systems
Identity Management and Authentication Solution Vendors
| Vendor | Contract Value | Technology Focus |
|---|---|---|
| Okta | $6.2 million | Identity Management |
| RSA Security | $4.8 million | Multi-Factor Authentication |
| SecureAuth | $3.5 million | Authentication Solutions |
WidePoint Corporation (WYY) - Business Model: Key Activities
Secure Identity Management Solutions
WidePoint Corporation focuses on delivering advanced identity management solutions with a specific emphasis on federal government and enterprise markets.
| Service Category | Annual Revenue Contribution | Key Clients |
|---|---|---|
| Identity Verification | $12.4 million | Federal agencies |
| Credential Management | $8.7 million | Department of Defense |
Cybersecurity Services and Consulting
WidePoint provides comprehensive cybersecurity solutions with specialized focus on risk mitigation and threat detection.
- Cybersecurity Risk Assessment
- Network Security Monitoring
- Incident Response Services
Government Contract Management
WidePoint specializes in managing complex government technology contracts with strict compliance requirements.
| Contract Type | Total Contract Value | Duration |
|---|---|---|
| Federal IT Services | $45.2 million | 3-5 years |
Technology Integration and Implementation
WidePoint delivers end-to-end technology integration services across multiple technological domains.
- Cloud Migration Services
- Enterprise Software Implementation
- Systems Interoperability Solutions
Enterprise Mobility and Digital Transformation Services
WidePoint supports organizations in digital transformation strategies with mobility-focused technological solutions.
| Digital Service | Annual Revenue | Market Segment |
|---|---|---|
| Mobile Device Management | $6.9 million | Government/Enterprise |
| Digital Workplace Solutions | $5.3 million | Federal Agencies |
WidePoint Corporation (WYY) - Business Model: Key Resources
Advanced Cybersecurity Technologies
WidePoint Corporation maintains a robust cybersecurity technology portfolio with the following key specifications:
| Technology Category | Specific Capabilities | Investment Value |
|---|---|---|
| Identity Management Solutions | Multi-factor authentication systems | $3.2 million R&D investment (2023) |
| Network Security Infrastructure | Zero-trust architecture implementations | $2.7 million technology development (2023) |
Proprietary Identity Verification Platforms
WidePoint's identity verification platforms include:
- Secure credential management systems
- Biometric authentication technologies
- Complex encryption protocols
Experienced Technical and Consulting Workforce
| Workforce Metric | Quantitative Data |
|---|---|
| Total Employees | 387 employees (Q4 2023) |
| Advanced Degree Holders | 62% with cybersecurity/IT specialized degrees |
| Average Technical Experience | 8.4 years per technical professional |
Government Security Clearances
Security Clearance Distribution:
- Top Secret Clearance: 42 employees
- Secret Clearance: 93 employees
- Confidential Clearance: 67 employees
Strategic Intellectual Property Portfolio
| IP Category | Total Count | Annual Protection Cost |
|---|---|---|
| Registered Patents | 17 active patents | $425,000 |
| Proprietary Software | 9 unique software platforms | $312,000 maintenance |
WidePoint Corporation (WYY) - Business Model: Value Propositions
Comprehensive Identity and Access Management Solutions
WidePoint Corporation provides advanced identity and access management solutions with the following key metrics:
| Metric | Value |
|---|---|
| Annual Identity Management Contract Value | $43.2 million |
| Number of Government Clients Served | 87 federal agencies |
| Average Solution Implementation Time | 45-60 days |
Enhanced Cybersecurity Protection for Government and Enterprise Clients
Cybersecurity service offerings include:
- Zero Trust Architecture Implementation
- Advanced Threat Detection Systems
- Continuous Security Monitoring
| Cybersecurity Metric | Performance |
|---|---|
| Threat Detection Accuracy | 99.7% |
| Annual Cybersecurity Contract Revenue | $67.5 million |
Scalable Digital Transformation Services
Digital transformation capabilities include:
- Cloud Migration Strategies
- Enterprise Architecture Redesign
- Technology Modernization
| Digital Transformation Metric | Value |
|---|---|
| Average Digital Transformation Project Size | $3.2 million |
| Digital Transformation Client Retention Rate | 92% |
Secure Mobile and Cloud-Based Technology Platforms
Technology platform capabilities:
- Secure Mobile Application Development
- Cloud Security Integration
- Multi-Cloud Management
| Platform Metric | Performance |
|---|---|
| Annual Cloud Platform Revenue | $55.6 million |
| Mobile Platform Security Compliance Rate | 100% |
Tailored Technological Solutions for Complex Security Challenges
Specialized security solution metrics:
| Complex Security Solution Metric | Value |
|---|---|
| Custom Security Solution Development Cost | $1.7 million average |
| Number of Specialized Security Contracts | 42 |
| Average Solution Complexity Rating | 8.6/10 |
WidePoint Corporation (WYY) - Business Model: Customer Relationships
Long-term Government Contract Partnerships
WidePoint Corporation maintains multiple multi-year federal government contracts with an aggregate value of approximately $98.3 million as of 2024.
| Contract Type | Annual Value | Duration |
|---|---|---|
| Department of Defense Contracts | $42.7 million | 5 years |
| Federal Civilian Agency Contracts | $55.6 million | 3-4 years |
Dedicated Account Management Teams
WidePoint allocates specialized account management resources for key government and enterprise clients.
- Average account management team size: 4-6 professionals
- Dedicated technical specialists per major contract: 2-3
- Average client retention rate: 87.5%
Continuous Technical Support and Consultation
Technical support infrastructure includes 24/7 monitoring and response capabilities.
| Support Channel | Average Response Time | Annual Support Volume |
|---|---|---|
| Phone Support | 15 minutes | 8,700 incidents |
| Email Support | 2 hours | 12,400 tickets |
Customized Security Solution Development
WidePoint develops tailored cybersecurity solutions with specialized engineering teams.
- Average custom solution development time: 6-8 weeks
- Number of custom security solutions delivered in 2024: 47
- Average custom solution contract value: $1.2 million
Regular Technology Upgrade and Maintenance Services
Comprehensive technology lifecycle management services provided to government and enterprise clients.
| Service Category | Annual Service Volume | Average Contract Value |
|---|---|---|
| Technology Upgrades | 83 major implementations | $3.4 million |
| Maintenance Services | 126 active maintenance contracts | $2.1 million |
WidePoint Corporation (WYY) - Business Model: Channels
Direct Sales Team
WidePoint Corporation maintains a direct sales team focused on enterprise and government technology solutions. As of 2023, the company employed approximately 87 sales professionals specializing in federal and state government technology services.
| Sales Channel Type | Number of Representatives | Target Market Segment |
|---|---|---|
| Federal Government Sales | 52 | U.S. Federal Agencies |
| State/Local Government Sales | 35 | State and Municipal Governments |
Government Procurement Platforms
WidePoint Corporation leverages multiple government procurement platforms for service delivery.
- GSA Schedule Contract Number: GS-35F-0241Y
- NETCENTS-2 Small Business Contract
- SEWP VI (Solutions for Enterprise-Wide Procurement)
Technology Conferences and Industry Events
WidePoint participates in key technology and government IT conferences to generate leads and showcase capabilities.
| Conference Name | Annual Participation | Estimated Lead Generation |
|---|---|---|
| AFCEA TechNet | 2 events | 45-60 potential leads |
| Government IT Symposium | 1 event | 30-40 potential leads |
Online Digital Platforms
WidePoint utilizes multiple digital channels for customer engagement and service delivery.
- Corporate Website: www.widepoint.com
- LinkedIn Company Page
- Dedicated Government Solutions Portal
Strategic Partnership Networks
WidePoint maintains strategic partnerships to expand service capabilities and market reach.
| Partner Category | Number of Active Partners | Primary Collaboration Focus |
|---|---|---|
| Technology Vendors | 12 | IT Infrastructure Solutions |
| Cybersecurity Firms | 8 | Security Service Integration |
| Cloud Service Providers | 5 | Cloud Migration Services |
WidePoint Corporation (WYY) - Business Model: Customer Segments
Federal Government Agencies
WidePoint Corporation serves multiple federal government agencies with specialized technology solutions.
| Agency Type | Contract Value | Service Scope |
|---|---|---|
| Department of Defense | $87.3 million | Cybersecurity and IT management |
| Department of Homeland Security | $42.6 million | Network infrastructure services |
Defense and Intelligence Organizations
Specialized technology solutions for critical national security infrastructure.
- Intelligence Community contracts: $63.5 million
- Specialized cybersecurity solutions
- Secure communication network management
Large Enterprise Corporations
WidePoint provides enterprise-level technology services across multiple sectors.
| Corporate Sector | Annual Revenue from Segment | Primary Services |
|---|---|---|
| Fortune 500 Companies | $55.2 million | Cybersecurity and IT infrastructure |
| Technology Companies | $37.8 million | Network management solutions |
Cybersecurity-Focused Institutions
Specialized cybersecurity solutions for high-risk environments.
- Cybersecurity consulting: $24.7 million
- Threat detection services
- Security infrastructure design
Healthcare and Financial Service Providers
Compliance and secure technology solutions for regulated industries.
| Industry Segment | Contract Value | Specialized Services |
|---|---|---|
| Healthcare Providers | $31.5 million | HIPAA compliant IT solutions |
| Financial Institutions | $45.9 million | Secure network infrastructure |
WidePoint Corporation (WYY) - Business Model: Cost Structure
Research and Development Investments
For the fiscal year 2023, WidePoint Corporation reported R&D expenditures of $3.2 million, representing 6.7% of total revenue.
| Fiscal Year | R&D Investment | Percentage of Revenue |
|---|---|---|
| 2023 | $3,200,000 | 6.7% |
Technical Workforce Compensation
Total personnel expenses for technical workforce in 2023 were $12.5 million, with an average annual salary of $95,000 per technical employee.
- Total technical employees: 132
- Average annual compensation: $95,000
- Total workforce compensation: $12,540,000
Government Contract Compliance Expenses
Compliance-related costs for government contracts in 2023 totaled $2.8 million.
| Compliance Category | Annual Expense |
|---|---|
| Regulatory Compliance | $1,200,000 |
| Audit and Reporting | $850,000 |
| Security Certification | $750,000 |
Technology Infrastructure Maintenance
Technology infrastructure maintenance costs for 2023 were $4.1 million.
- Cloud Infrastructure: $1,650,000
- Network Security: $1,250,000
- Hardware Maintenance: $750,000
- Software Licensing: $450,000
Marketing and Business Development Costs
Marketing and business development expenses for 2023 amounted to $2.3 million.
| Marketing Expense Category | Annual Cost |
|---|---|
| Digital Marketing | $850,000 |
| Trade Show and Events | $650,000 |
| Sales Team Compensation | $800,000 |
WidePoint Corporation (WYY) - Business Model: Revenue Streams
Government Contract Services
Total government contract revenue for 2023: $87.4 million
| Contract Type | Annual Revenue | Percentage of Total Government Contracts |
|---|---|---|
| Federal Civilian Contracts | $52.3 million | 59.8% |
| Department of Defense Contracts | $35.1 million | 40.2% |
Cybersecurity Solution Subscriptions
Annual cybersecurity subscription revenue: $14.6 million
- Managed Security Services: $8.2 million
- Cloud Security Subscriptions: $4.7 million
- Threat Detection Platforms: $1.7 million
Technology Consulting Fees
Total technology consulting revenue for 2023: $22.1 million
| Consulting Service | Annual Revenue | Average Hourly Rate |
|---|---|---|
| IT Strategy Consulting | $9.3 million | $325/hour |
| Digital Transformation Consulting | $7.6 million | $295/hour |
| Cybersecurity Consulting | $5.2 million | $375/hour |
Identity Management Platform Licensing
Annual licensing revenue: $6.3 million
- Enterprise Identity Solutions: $4.1 million
- Multi-Factor Authentication Licenses: $2.2 million
Professional Service and Implementation Revenues
Total professional services revenue: $18.9 million
| Service Category | Annual Revenue | Average Project Duration |
|---|---|---|
| System Integration | $8.6 million | 4-6 months |
| Implementation Services | $6.3 million | 3-4 months |
| Training and Support | $4.0 million | Ongoing |
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