High Wire Networks Strengthens Sales and Marketing Team to Accelerate Growth in Overwatch Managed Cybersecurity Recurring Revenue Streams
High Wire Networks (OTCQB: HWNI) has launched a new strategic growth phase by expanding its sales and marketing team to boost monthly recurring revenue (MRR) from its Overwatch cyber portfolio. Following record revenue in Q3 2024, the company has appointed industry veterans to target larger channel partners with enterprise-class clients. The company's Overwatch division has evolved from startup mode to becoming a recognized leader by Frost & Sullivan as one of the best Managed Security Services Providers.
The company's proprietary hyperautomations are enabling revenue growth and gross profit expansion without proportional increases in personnel. Under the leadership of Chief Revenue Officer Mark Dallmeier and COO Edward Vasko, High Wire reports its largest pipeline of large deals in company history, with several in final closing stages. The company is positioning itself for a potential uplisting to a major exchange.
High Wire Networks (OTCQB: HWNI) ha avviato una nuova fase di crescita strategica espandendo il proprio team di vendite e marketing per aumentare il fatturato ricorrente mensile (MRR) del suo portafoglio cyber Overwatch. Dopo ricavi record nel Q3 2024, l'azienda ha nominato veterani del settore per mirare a partner di canale di maggiori dimensioni con clienti di classe enterprise. La divisione Overwatch dell'azienda è passata dalla modalità startup a diventare un leader riconosciuto da Frost & Sullivan come uno dei migliori fornitori di servizi di sicurezza gestita.
Le hyperautomazioni proprietarie dell'azienda stanno consentendo una crescita dei ricavi e un'espansione del profitto lordo senza aumenti proporzionali del personale. Sotto la guida del Chief Revenue Officer Mark Dallmeier e del COO Edward Vasko, High Wire segnala il suo più grande pipeline di affari significativi nella storia dell'azienda, con diversi affari in fase finale di chiusura. L'azienda si sta posizionando per una potenziale quotazione su un'importante borsa.
High Wire Networks (OTCQB: HWNI) ha lanzado una nueva fase de crecimiento estratégico al expandir su equipo de ventas y marketing para aumentar los ingresos recurrentes mensuales (MRR) de su portafolio cibernético Overwatch. Tras unos ingresos récord en el tercer trimestre de 2024, la empresa ha nombrado a veteranos de la industria para dirigirse a socios de canal más grandes con clientes de clase empresarial. La división Overwatch de la compañía ha evolucionado de un modo startup a convertirse en un líder reconocido por Frost & Sullivan como uno de los mejores proveedores de servicios de seguridad gestionada.
Las hiperautomatizaciones patentadas de la empresa están permitiendo un crecimiento de los ingresos y una expansión del beneficio bruto sin aumentos proporcionales en el personal. Bajo el liderazgo del Director de ingresos Mark Dallmeier y del COO Edward Vasko, High Wire reporta su mayor cartera de grandes acuerdos en la historia de la empresa, con varios en fase final de cierre. La empresa se está posicionando para una posible cotización en una bolsa importante.
하이 와이어 네트웍스 (OTCQB: HWNI)는 오버워치 사이버 포트폴리오의 월간 반복 수익(MRR)을 증가시키기 위해 영업 및 마케팅 팀을 확장함으로써 새로운 전략적 성장 단계에 들어갔습니다. 2024년 3분기에 기록적인 수익을 올린 이 회사는 엔터프라이즈급 고객을 보유한 대형 채널 파트너를 겨냥하기 위해 업계 베테랑들을 임명했습니다. 회사의 오버워치 부서는 스타트업 모드에서 인식받는 리더로 성장하며 Frost & Sullivan로부터 최고의 관리 보안 서비스 제공업체 중 하나로 선정되었습니다.
회사의 독점적인 하이퍼자동화는 인력의 비례적 증가 없이 수익 성장과 총 이익 확대를 가능하게 하고 있습니다. 마크 달마이어 수익 책임자와 에드워드 바스코 COO의 리더십 아래, 하이 와이어는 회사 역사상 가장 큰 대형 거래 파이프라인을 보고하고 있으며, 여러 건의 거래가 최종 클로징 단계에 있습니다. 회사는 주요 거래소에 대한 잠재적 상장을 위해 스스로를 포지셔닝하고 있습니다.
High Wire Networks (OTCQB: HWNI) a lancé une nouvelle phase de croissance stratégique en élargissant son équipe de vente et de marketing pour augmenter les revenus récurrents mensuels (MRR) de son portefeuille cyber Overwatch. Suite à des revenus record au troisième trimestre 2024, l'entreprise a nommé des vétérans de l'industrie pour cibler des partenaires de canal plus importants ayant des clients de classe entreprise. La division Overwatch de l'entreprise est passée d'un mode startup à devenir un leader reconnu par Frost & Sullivan comme l'un des meilleurs fournisseurs de services de sécurité gérés.
Les hyperautomatisations propriétaires de l'entreprise permettent une croissance des revenus et une expansion de la marge brute sans augmentations proportionnelles du personnel. Sous la direction du directeur des revenus Mark Dallmeier et du COO Edward Vasko, High Wire rapporte son plus grand pipeline d'affaires importantes dans l'histoire de l'entreprise, avec plusieurs affaires en phase finale de clôture. L'entreprise se positionne pour une potentielle cotation sur une bourse majeure.
High Wire Networks (OTCQB: HWNI) hat eine neue strategische Wachstumsphase eingeleitet, indem das Vertriebs- und Marketingteam erweitert wurde, um den monatlich wiederkehrenden Umsatz (MRR) aus seinem Overwatch-Cyberportfolio zu steigern. Nach Rekordumsätzen im dritten Quartal 2024 hat das Unternehmen Branchenveteranen ernannt, um größere Vertriebspartner mit Unternehmenskunden anzusprechen. Die Overwatch-Division des Unternehmens hat sich von einem Start-up-Modus zu einem anerkannten Marktführer entwickelt und wurde von Frost & Sullivan als einer der besten Anbieter von Managed Security Services ausgezeichnet.
Die proprietären Hyperautomatisierungen des Unternehmens ermöglichen ein Umsatzwachstum und eine Expansion des Bruttogewinns, ohne dass das Personal proportional erhöht werden muss. Unter der Leitung von Chief Revenue Officer Mark Dallmeier und COO Edward Vasko berichtet High Wire von seinem größten Portfolio an Großaufträgen in der Unternehmensgeschichte, wobei sich mehrere in der letzten Abschlussphase befinden. Das Unternehmen positioniert sich für einen potenziellen Börsengang an einer wichtigen Börse.
- Record revenue from continuing operations in Q3 2024
- Largest pipeline of large deals in company history
- Proprietary hyperautomations enabling revenue growth without proportional personnel costs
- Recognition by Frost & Sullivan as leading Managed Security Services Provider
- Potential uplisting to major exchange in progress
- None.
After Posting Record Revenues from Continuing Operations in Q3 2024, Company Prepares for Strong Market Expansion and Growth Trajectory
BATAVIA, Ill., Dec. 03, 2024 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), an award-winning leading global provider of managed cybersecurity solutions, has initiated the next phase of its new strategic growth plan with the addition of new sales team members and additional marketing resources.
These moves are aimed at accelerating growth in monthly recurring revenue (MRR) from the company’s Overwatch cyber portfolio, and building upon the record revenue from continuing operations generated in the third quarter of 2024.
The company has appointed industry veterans with proven track records in managed cybersecurity who are now focused on attracting larger channel partners who represent enterprise-class clients. These efforts align with the company’s transition to increased average contract size and higher average MRR per channel partner which began earlier this year.
The company will continue to support and grow its well-established base of smaller managed service providers (MSPs) and enable them to grow their managed cybersecurity business. High Wire’s sales organization will also continue to evolve with the goal of creating competitive advantages for all of its channel partners through hyperautomation and greater agility as provided by the company’s Overwatch managed cybersecurity platform.
“In the second and third quarter of this year we were intensely focused on making the changes necessary to transform our Overwatch business, which has quickly evolved from ‘start-up mode’ to becoming recognized by Frost & Sullivan and others as one of the best Managed Security Services Providers (MSSPs) in the country,” stated High Wire Networks CEO, Mark Porter.
“We believe this elevated status reflects how we have assembled the strongest and most experienced management team in the managed cybersecurity space and are now ready to scale at a much greater pace,” continued Porter. “We are now focused on accelerating revenue growth and tracking our MRR ‘exit velocity’ at the end of each quarter, and this is keeping us on track for our strongest quarter yet in Q4.”
The Overwatch operations team continues to develop and deploy the company’s proprietary hyperautomations, with this enabling revenue growth and gross profit expansion at a faster pace than the need for adding personnel to the security operations team. “We see this leverage in our operational model as our key to profitability and stronger cash flow, and we are pushing forward on this path very aggressively,” added Porter.
The new Overwatch team additions will report directly to the company’s chief revenue officer, Mark Dallmeier, who joined High Wire in third quarter of this year. Dallmeier has brought to Overwatch more than 27 years of senior leadership experience in taking technology and managed services companies into ‘hypergrowth.’
Dallmeier’s appointment followed the earlier appointment of veteran cybersecurity thought leader and executive, Edward Vasko, CISSP, as High Wire’s chief operations officer and chief executive officer of the Overwatch managed cybersecurity services division. Vasko brings more than 33 years of experience and achievement in the cybersecurity industry, including business formation and product development, and leading strategic M&As and major exits.
“Our greater focus on MRR and team building efforts have already resulted in the largest pipeline of large deals in our company’s history,” added Porter. “Several of these are currently in the final closing stages.
“Combined with now a much cleaner capital structure, we are well positioned for an uplisting to a major exchange—especially given how the capital markets are looking the best they’ve been in a long time. Capable players in the banking space have expressed strong interest and confidence in assisting us with such an endeavor and we’re quickly moving forward to seize the opportunity.”
To learn more about High Wire and its award-winning managed cybersecurity services go to HighWireNetworks.com or view the company’s free video series on its YouTube channel.
About High Wire Networks
High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End-customers include Fortune 500 companies and many of the nation’s largest government agencies. Its U.S. based 24/7 Network Operations Center and Security Operations Center is located in Chicago, Illinois.
High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. The company was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2023 and 2024, and ranked among the Top 250 MSSPs for 2024 according to MSSP Alert.
Learn more at HighWireNetworks.com. Follow the company on X, 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.
High Wire Contact
Mark Porter
Chief Executive Officer
High Wire Networks
Tel +1 (952) 974-4000
Email Contact
Investor Relations
Ronald Both or Grant Stude
CMA Investor Relations
Tel +1 (949) 432-7557
Email Contact
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