WidePoint Subsidiary iSYS Awarded Contract to Provide Extended Mobile Telecom Expense Management Services to the Transportation Security Administration Award valued at $12 Million over next 12 Months
MCLEAN, Va., Nov. 1, 2012 /PRNewswire/ -- WidePoint Corporation (NYSE Mkt: WYY), a leading provider of cloud-based telecommunications life-cycle and trusted cybersecurity management announced today that its wholly owned subsidiary, iSYS, LLC ("iSYS"), has been awarded the second option period contract to provide mobile Telecom Expense Management Services (TEMS) to the Transportation Security Administration (TSA). The second option period award has a contract value of approximately $11.6 million dollars over the coming 12 months. This option award brings the total contract value to approximately $33 million dollars if all options are exercised. This option award is the second of four one-year option periods of the contract's total five-year period.
"TSA is at the forefront of federal government agencies implementing innovative mobile management solutions at the enterprise level," said Jin Kang, President of iSYS. "iSYS has been providing mobile TEM services to TSA since 2006. We look forward to another year of supporting TSA and are committed to improving government efficiency by helping to implement cost savings and optimization strategies."
iSYS mobile expense management solutions enable government agencies to gain insight into procurement optimization, compliance, invoice management, usage details and service activation. iSYS TEMS solutions have witnessed up to 65% NET savings on mobile budgets to numerous federal agencies, including the Centers for Disease Control and Prevention (CDC), U.S. Army Corps of Engineers (USACE), Department of Veteran Affairs (VA) Capitol Health Care Network (VISN5), Administrative Office of the United States Courts (AO), the Department of Defense's Washington Headquarter Services (WHS), the National Institute for Allergy and Infectious Diseases (NIAID) and U.S. Customs and Border Protection (CBP), among others. iSYS also provides TEM services to a growing list of state and local government agencies including, among others, the State of Nevada, the State of Utah, County of Riverside, California, the Los Angeles World Airports and the City of Dublin, Ohio.
"As Federal, State and Local government agencies continue to seek solutions for managing and optimizing their mobile capabilities and inventories, it is rewarding to see that our TEM solution continues to be the preferred choice of agencies seeking a secure, cost-effective solution," said Steve Komar, WidePoint CEO & Chairman. "We also appreciate that TSA continues to see the value of the TEM program when the future of many federal IT projects has been blurred by budgeting concerns. iSYS delivers a substantial ROI to all of our government clients, enabling each agency to maximize budgets and mobile resources."
About iSYS, LLC:
iSYS, LLC (www.isysllc.com) is a leading provider of telecom management services and has delivered innovative Information Technology solutions to U.S. Federal, State and Local government agencies and commercial clients since 1999. iSYS provides Telecom Expense Management Solutions. iSYS is based in McLean, Virginia. For more information, visit http://www.isysllc.com.
WidePoint is a specialist in providing telecommunications management and cybersecurity solutions utilizing its advanced information technology products and services. WidePoint has several wholly owned subsidiaries holding major government and commercial contracts. WidePoint enables organizations to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. For more information, visit www.widepoint.com.
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SOURCE WidePoint Corporation