Add-on Acquisition • Software

WidePoint Acquires Probaris Technologies

On May 9, 2017, WidePoint acquired software company Probaris Technologies

Acquisition Context

This is WidePoint’s 1st transaction in the Software sector.
This is WidePoint’s 1st transaction in the United States.
This is WidePoint’s 1st transaction in Pennsylvania.

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M&A Deal Summary
Date	May 9, 2017
Target	Probaris Technologies
Sector	Software
Buyer(s)	WidePoint
Deal Type	Add-on Acquisition

Target Company

Probaris Technologies

Philadelphia, Pennsylvania, United States

Probaris Technologies, Inc. (Probaris ID) is a provider of highly configurable, multi-tenant, multi-token, and identity-centric. It is fully compliant with the Identity Management System (IDMS) standards specified in FIPS 201, PIV, PIV-I, and related publications. It serves as the single user interface to multi-component identity solutions that can include biometric capture devices (e.g., cameras, fingerprint scanners), personalization devices (e.g., printers), and physical access systems. Probaris ID was formed in 2000 and is based in Philadelphia, Pennsylvania.

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Buyer Overview 1

Buyer

WidePoint

Fairfax, Virginia, United States

Category	Company
Founded	1996
Sector	Internet Software and Services
Employees	240
Revenue	143M USD (2024)

DESCRIPTION

WidePoint is a provider of secure, cloud-delivered, enterprise-wide information technology-based solutions that can enable enterprises and agencies to deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint was founded in 1996 and is based in Fairfax, Virginia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Pennsylvania	1 of 1
Country: United States	1 of 1
Year: 2017	1 of 1

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