WidePoint Announces Strategic Alliance with Forsythe Solutions Group
Company to Offer e-Business Consulting Services to Forsythe's Base Of 1,200 Customers
GERMANTOWN, Md. -- WidePoint (NASDAQ: ZMAX) today announced that it has signed a strategic alliance agreement with Forsythe Solutions Group to provide integrated, high-end e-solutions. With 6,000 locations throughout the United States and estimated 1999 revenues of $550 million, Forsythe has more than 1,200 customers, one-fourth of which are Fortune 1000 companies.
Under the agreement, Forsythe and WidePoint will partner to provide "one-stop shopping" e-solutions that combine WidePoint's e-development expertise with Forsythe's e-commerce infrastructure capabilities and financing packages.
Michael C. Higgins, WidePoint's president and chief executive officer, explains that this is WidePoint's first strategic alliance and "represents a major step in our Company's evolution. We've completed two successful acquisitions, and are augmenting our acquisition strategy with an aggressive plan to build alliances and business relationships with companies like Forsythe, that will broaden our offerings and geographic reach."
"WidePoint is an important addition to Forsythe's existing e-business alliances," notes Forsythe Solutions Group President Eva Losacco. "Forsythe's strength is e-commerce infrastructure, including system performance and capacity planning, network services, hardware supply and configuration, and technology financing. WidePoint focuses on providing consulting services in e-solutions development and implementation, Enterprise Resource Planning (ERP), and Enterprise Application Integration (EAI). The synergy between our respective areas of expertise will enable us to address our customers' e-business needs in a comprehensive, integrated fashion from step one."
"While WidePoint is very good at pushing the limits of technology, rather than focusing on the technology per se, we use technology as a vehicle to help our clients achieve their business goals. Therefore, we are very excited to be working with a partner such as Forsythe that also focuses on how the solution will improve the customer's business results, not merely their technology," says WidePoint vice president Frank Schultz.
Mike Coffield, Forsythe manager of business development, says, "The new relationship between Forsythe and WidePoint represents the combined capabilities of a broad range of IT innovators. WidePoint works closely with important middleware and software manufacturers, while Forsythe has long-standing alliances with key hardware manufacturers and service providers. As more of our customers seek to increase their business return on their technology investment through e-solutions, we will continue to expand our ability to provide the solutions they need. Our alliance with WidePoint is an exciting opportunity to accomplish this."
Forsythe Solutions Group is a total IT infrastructure provider offering solutions designed to accelerate return on technology investments. In addition to its relationship with Cisco, Forsythe maintains vendor relationships with Citrix, Compaq (including digital products and services), EMC, Fujitsu, Hewlett-Packard, IBM, Storagetek, Sun Microsystems and others. The company also provides technology financing options through Forsythe McArthur, one of the nation's leading independent technology lessors.
Headquartered in Germantown, Maryland, WidePoint Corporation is a wholly owned subsidiary of ZMAX Corporation. WidePoint focuses on providing consulting services in e-solutions development and implementation, Enterprise Resource Planning (ERP), and Enterprise Application Integration (EAI). The Company has approximately 200 employees working from five regional offices.
Statements made in this press release that are not historical or current facts are "forward looking statements" made pursuant to the safe harbor provisions of federal securities laws. Forward looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. These factors and others are discussed in the "Management's Discussion and Analysis" section of ZMAX's Annual Report on Form 10-K for the fiscal year ended December 31, 1998, to which reference should be made.
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ZMAX CORPORATION is quoted on the NASDAQ Small Cap exchange under the symbol of "ZMAX" and on the Frankfurt and Berlin Stock Exchanges under the symbol of "ZMX"
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