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WidePoint Acquires Identity Management Software From Probaris

Cal Biesecker By
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WidePoint Acquires Identity Management Software From Probaris

Information technology solutions provider WidePoint Corp. [WYY] on Tuesday said it has acquired the identity management system software suite of Probaris Technologies in a small deal that adds biometric capture and identity vetting capture capabilities.WidePoint, which is based in Northern Virginia, paid $300,000 in cash for the Probaris ID software suite. Terms of the deal include an additional $100,000 performance-based payment and revenue sharing arrangements.WidePoint also said the deal provides it with new contracts, partners and other related assets.“The acquisition…

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