HWNI Hires Chief Revenue Officer to Drive Cybersecurity Sales

Rhea-AI Summary

High Wire Networks (OTCQB: HWNI) has appointed Stephan Tallent as Chief Revenue Officer for its Overwatch Managed Security Services division. Tallent, a seasoned IT executive with over 20 years of experience, previously held significant roles at Stellar Cyber and Fortinet, achieving major revenue growth in managed security services. Under his leadership, High Wire's cybersecurity revenue has surged by more than 260% year-to-date through its partner community. This strategic appointment aims to enhance partners' capabilities and respond to escalating cybersecurity demands.

Positive

• Appointment of Stephan Tallent as Chief Revenue Officer could provide fresh perspectives and accelerate growth.
• Cybersecurity revenue has increased over 260% year-to-date, indicating strong demand and potential for further growth.

Negative

• None.

Channel Executive Stephan Tallent Named CRO of Overwatch Managed Security

BATAVIA, Ill., Dec. 06, 2022 (GLOBE NEWSWIRE) -- High Wire Networks Inc. (the "Company" or "High Wire") (OTCQB: HWNI), a leading global managed service provider (MSP) and cybersecurity solutions provider, announced today it has named IT executive Stephan Tallent, CISSP, as Chief Revenue Officer for its Overwatch Managed Security Services division. Overwatch delivers managed security services exclusively through managed services providers (MSPs) and managed security services providers (MSSPs).

Tallent, a Certified Information Systems Security Professional (CISSP), brings more than 20 years of managed security services experience to the Overwatch team. Most recently, Tallent led global partner recruitment and enablement as Worldwide Vice President for Stellar Cyber, a pioneer in Open extended detection and response (Open XDR).

Previously, Tallent spent nine years as Senior Director – MSSPs at Fortinet, where he established the Fortinet Global MSSP Partner Program, winning Frost & Sullivan Top Vendor for MSSPs for three consecutive years. He also directed the day-to-day operations of a more than $100 million MSSP support organization and grew year-over-year MSSP partner revenue by 244 percent.

Tallent was also Vice President - MSSPs NA at cybersecurity software provider Cybereason where he designed and launched the MSSP program, including building the partner organization. At Cybereason, he helped boost year-over-year revenue by 466 percent among MSSP partners and grew year-over-year partner recruitment by 280 percent.

Tallent is recognized as a 2022 CRN Channel Chief, a sought-after public speaker and a thought leader in cybersecurity and managed security services.

"High Wire's promise to 'meet our partners where they're at' and help them better operationalize cybersecurity technologies for their customers with a stack-agnostic, future-proof managed security offering is unmatched in the industry. I'm excited to share that message and opportunity with our partners to help them satisfy customers’ escalating demand for cybersecurity while growing their businesses," said Tallent.

"We're thrilled to have Stephan join the Overwatch team at a pivotal moment in the growth of our managed security services division. Our cybersecurity revenue has increased more than 260 percent year-to-date exclusively through our growing partner community," said High Wire CEO Mark Porter. "Stephan's vast knowledge of the MSSP journey cements our position in the channel as a trusted authority and will accelerate our partners' growth as they extend managed security services to their small and medium business and enterprise clients."

About High Wire Networks
For 22 years, High Wire Networks Inc.(OTCQB: HWNI) has been a trusted partner to VARs, MSPs, distributors, integrators, manufacturers and telecom providers by enabling them to minimize overhead while extending delivery capabilities around the world. Our flexible workforce delivers vendor-agnostic technical field, professional and security services in more than 180 countries. Our services include design, installation, configuration and support for unified communications, wired and wireless networks, cabling and infrastructure, and electrical systems. Our Overwatch Managed Security platform enables our partners to deliver comprehensive cybersecurity that's easy to sell and easy to buy for an affordable subscription. We also offer a variety of on-demand, rapid-response solutions with service levels ranging from two hours to the next business day for onsite break-fix and remote technical support. With High Wire Networks, partners Get Work Done. Learn more at www.highwirenetworks.com.

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. 

Investor Relations
www.highwirenetworks.com/investors
investors@highwirenetworks.com

Media Relations
Susanna Song
Vice President of Communications
susanna.song@highwirenetworks.com

FAQ

What is the significance of Stephan Tallent's appointment as CRO of High Wire Networks?

Stephan Tallent's appointment as CRO is pivotal as he brings over 20 years of security services experience, which is expected to strengthen High Wire's Overwatch division and enhance revenue growth.

How has High Wire Networks' revenue performed this year?

High Wire Networks' cybersecurity revenue has increased by more than 260% year-to-date, driven by its growing partner community.

What role does the Overwatch Managed Security division play?

The Overwatch Managed Security division provides managed security services through managed service providers, catering to the rising demand for cybersecurity solutions.

What experience does Stephan Tallent bring to High Wire Networks?

Stephan Tallent has over 20 years of experience in managed security services, having held senior roles at Stellar Cyber and Fortinet, achieving significant revenue growth in those positions.