High Wire Networks Enhances Overwatch Managed Cybersecurity Partner Program as Userbase Increases 430% Over Past Year

Rhea-AI Summary

High Wire Networks (OTCQB: HWNI), a global provider of managed cybersecurity services, has expanded its Overwatch Managed Cybersecurity Partner Program to enhance support for managed service providers (MSPs). The program now includes over 225 MSPs and offers benefits to drive recurring revenue through comprehensive support and resources. New features include tailored success plans, dedicated Partner Success Managers, and marketing development funds. The program aims to help MSPs improve their cybersecurity practices and increase their operational efficiency.

High Wire is recognized as a Top 12 Managed Security Service Provider in the Americas and boasts a strong portfolio servicing Fortune 500 companies. The company's global reach and strategic partnerships continue to position it as a leader in the cybersecurity market.

Positive

• Expansion of Overwatch Managed Cybersecurity Partner Program to over 225 MSPs worldwide.
• Introduction of tailored support plans, including marketing development funds and special discounts.
• Enhanced channel partner benefits aimed at increasing MSP recurring revenues.

Negative

• None.

Expanded Program Provides Additional Strategic Sales, Marketing, Technical and Operational Support Designed to Drive Greater Recurring Revenue Streams

BATAVIA, Ill. and LAS VEGAS, April 25, 2023 (GLOBE NEWSWIRE) -- High Wire Networks Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has expanded its Overwatch Managed Cybersecurity Partner Program for managed service providers (MSPs) across the globe seeking a strategic partner to help increase recurring revenue generated by cybersecurity services.

Now with the program membership exceeding 225 MSPs worldwide, the enhanced channel partner program adds valuable new benefits designed to help MSP partners of all sizes to grow their managed cybersecurity business, from demand generation and service delivery to onboarding and enablement.

Overwatch channel partners will receive one-on-one guidance and support from a dedicated Partner Success Manager and full marketing team. Together, they will develop a tailored success plan that will incorporate on-demand and virtual sales and technical training, cobranded marketing collateral and campaigns, deal registration, and demo access.

Partners are also now eligible for special discounts, marketing development funds, and bundled pricing for Endpoint Detection & Response (EDR), Managed XDR and other Overwatch services.

The updated partner program also elevates the level of support High Wire delivers across key areas of an MSP’s business, including:

• Business Strategy: analysis of market opportunities, expert consultation on market positioning, strategic planning support, and ensuring executive alignment across all stakeholders.
• Sales & Marketing: one-on-one sales training tailored to the channel partner’s business and customer base, aligning joint sales and go-to-market plans, and driving demand and lead generation through campaigns and events.
• Technical: integration of Overwatch ticketing and support with partner’s RMM/PSA platforms, facilitating testing with a dedicated lab and establishing proofs-of-concept.
• Operations: align service delivery workflows, integrating partner’s systems with High Wire’s Overwatch Security Operations Center for greater threat visibility, and consulting on time-saving automations for alert handling.

"Increasingly over the last few years, MSPs have been focused on helping SMBs and midmarket businesses address cybersecurity challenges,” stated High Wire CRO, Stephan Tallent. “Our expanded channel partner program for Overwatch helps them take their managed security practices to a higher level by providing comprehensive network and data protection solutions, combined with end-to-end support throughout the customer journey. This creates for MSPs the strategic partnership they need for growing their recurring revenue with cybersecurity."

High Wire Partner Testimonials

COO of Framework IT, Mike Kolb, commented: "We selected High Wire because of their best-of-breed technologies and the exceptional team of cybersecurity experts that oversee their U.S.-based security operations center. In contrast to our previous partnership engagements, High Wire has proven to be an extraordinarily valuable advisor with deep resources, as we onboarded our clients on the Overwatch platform and continue to help them navigate the ever-changing cybersecurity landscape."

Archetype SC president and co-founder, Joe Bonanno, stated: “As consultants and technologists, it is important that we are able to effectively communicate the value and benefits of our recommendations to our clients. Overwatch makes that communication and delivery easy, providing tremendous support throughout the entire process from sales through implementation.”

Layer 7 Systems CEO, Cory Russell, said: “Overwatch Managed Security is a Cybersecurity Partner for life. When things got tough, they cared. That’s what we want — a partner who isn’t dismissive to feedback, but wants to improve our experience, which in turn gives us the confidence and trust we require to approach our clients with their cybersecurity expertise and services.”

To learn more about the Overwatch Partner Program, visit High Wire executives and channel team at Booth #644 at Kaseya Connect Global, today through April 27 at the MGM Grand, Las Vegas.

The company also will host an exclusive VIP bourbon tasting & Open XDR demonstration event from 5-7 p.m. on Wednesday, April 26, at the SKYLOFTS at MGM Grand. To attend the VIP event, please register here.

To become a High Wire channel partner, visit High Wire Networks online or email overwatchsales@highwirenetworks.com.

About High Wire Networks
High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity and IT enablement services. Through more than 625 channel partners, it delivers trusted managed services for nearly 1,000 managed security customers and tens of thousands of technology customers. Its end-customers include hundreds of Fortune 500 companies and the nation’s largest government agencies.

The company’s Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection and response to meet the security and compliance requirements of organizations large and small. The company’s IT enablement services provide the foundation for growing its higher-margin Overwatch business.

High Wire has 125 full-time employees worldwide and four U.S. offices, including a U.S. based 24/7 Network Operations Center and Security Operations Center in Chicago, with additional regional offices in Puerto Rico and United Kingdom.

High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also recently named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers.

Learn more at HighWireNetworks.com. Follow the company on Twitter, view its extensive video series on YouTube or connect on LinkedIn.

Forward-Looking Statements
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

Company Contact
Mark Porter, CEO
High Wire Networks
Tel +1 (952) 974-4000
Email contact

Media Relations
Susanna Song
VP of Marketing and Communications
High Wire Networks
Tel +1 (952) 974-4000
Email contact

Tim Randall
CMA Media Relations
Tel +1 (949) 432-7572
Email contact

Investor Relations
Ronald Both or Grant Stude
CMA Investor Relations
Tel +1 (949) 432-7557
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FAQ

What is the Overwatch Managed Cybersecurity Partner Program by High Wire Networks?

It is a program designed to support managed service providers (MSPs) in increasing their recurring revenue through enhanced cybersecurity services.

How many MSPs are currently part of High Wire Networks' Overwatch program?

The program has over 225 MSPs enrolled worldwide.

What benefits does the Overwatch Partner Program offer to MSPs?

Benefits include tailored success plans, dedicated support, marketing development funds, and special discounts on cybersecurity services.

When was the announcement regarding the expansion of the Overwatch Partner Program made?

The announcement was made on April 25, 2023.

What is the stock symbol for High Wire Networks?

The stock symbol for High Wire Networks is HWNI.