High Wire Networks Inc. - HWNI STOCK NEWS

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About High Wire Networks Inc. (HWNI)

High Wire Networks Inc. (OTCQB: HWNI) is a globally recognized provider of managed cybersecurity services, specializing in delivering advanced, scalable solutions through its proprietary Overwatch platform. Headquartered in Chicago, Illinois, the company operates a 24/7 Security Operations Center (SOC) and Network Operations Center (NOC), supporting a diverse range of clients, including Fortune 500 companies and major government agencies. High Wire Networks serves its end customers exclusively through a network of over 200 managed service providers (MSPs) and managed security service providers (MSSPs), ensuring localized expertise and global reach.

Core Business Areas

High Wire Networks focuses on three primary business areas:

Managed Cybersecurity Services: The company’s flagship Overwatch platform provides Managed Extended Detection and Response (MXDR), Security Orchestration, Automation, and Response (SOAR), and Firewall as a Service (FWaaS). These services leverage AI/ML technologies to deliver real-time threat detection, analysis, and remediation, ensuring comprehensive protection for enterprise networks.
Cyber Advisory Consulting: High Wire offers specialized cybersecurity consulting services, including risk assessments, compliance support, incident response management, and board-level advisory. These services are designed to align clients’ security postures with industry best practices and regulatory requirements.
Telecom Solutions: Through its Secure Voice Corporation (SVC) subsidiary, High Wire provides VoIP and data network services, enhancing secure communications for its clients.

Market Position and Differentiators

High Wire Networks stands out in the competitive managed cybersecurity market through its innovative use of AI-driven automation and its channel partner-centric business model. The Overwatch platform’s hyperautomation capabilities enable the company to scale efficiently, delivering higher margins and enhanced service quality. Recognized by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas, High Wire has also been featured on CRN’s MSP 500 and Elite 150 lists, underscoring its industry leadership.

Channel Partner Network

The company’s extensive network of channel partners is a cornerstone of its business strategy. By collaborating with MSPs and MSSPs, High Wire extends its reach to thousands of end customers across various industries, including retail, healthcare, education, and government. This partner-first approach allows the company to focus on innovation and service delivery while empowering its partners to grow their cybersecurity offerings.

Proprietary Technology

At the heart of High Wire’s operations is Overwatch SOAR™, a proprietary platform that integrates advanced threat detection and response capabilities. By consolidating alerts from multiple sources and applying intelligence-based rules, Overwatch SOAR enhances visibility, improves correlation, and accelerates remediation. This technology serves as a force multiplier for the company’s security analysts, enabling cost-effective and efficient service delivery.

Industry Recognition

High Wire’s commitment to excellence has earned it numerous accolades, including being ranked among the Top 250 MSSPs by MSSP Alert and receiving high rankings in Frost & Sullivan’s cybersecurity industry reports. These recognitions validate the company’s innovative approach and its ability to address the evolving needs of its partners and customers.

Conclusion

High Wire Networks Inc. is a leader in the managed cybersecurity space, known for its cutting-edge technologies and partner-centric approach. By focusing on scalable, high-margin services and leveraging its proprietary Overwatch platform, the company is well-positioned to meet the growing demand for robust cybersecurity solutions. With a strong foundation of industry expertise and a commitment to innovation, High Wire Networks continues to set benchmarks in the managed services industry.

01/30/2024 08:31 AM

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High Wire Networks Launches Pilot Project as Part of a $2.4 Billion, 10-Year Network Modernization Initiative

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High Wire Networks, Inc. (HWNI) has secured a major pilot project with a national wireless network operator for a large U.S. government agency, representing the initial phase of a $2.4 billion network modernization program for the agency's 4,000 locations across the U.S. The project is expected to be completed by 2026, with a material portion planned to be implemented this year. High Wire expects to be engaged for the remaining stages of the modernization initiative. The company's project delivery backlog is currently at $6.4 million and is expanding, indicating a rebound in the market for their tech enablement business.

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12/11/2023 08:05 AM

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High Wire Networks Reports Preliminary Third Quarter 2023 Results

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High Wire Networks, a leading global provider of managed cybersecurity and technology enablement, reported a record annualized recurring revenue of $15.6 million, up 30% from the previous quarter. The company's Overwatch Managed Cybersecurity TCV also increased by 53% sequentially to a record $9.5 million. Despite a 1% sequential revenue increase in the third quarter of 2023, the company experienced a 5% decline from the same year-ago quarter due to an industry slowdown and customer delays in Wi-Fi upgrade projects. However, the first nine months revenue increased by 20% to $22.1 million, driven by recurring revenue from new customers and project revenue. The company also secured $1.15 million of a $5 million convertible note offering and implemented a successful cost-cutting and operational optimization program, reducing expenses by more than $3 million on an annualized basis. High Wire Networks is also looking to uplist to a national exchange.

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11/17/2023 08:31 AM

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High Wire Networks Joins Forces with Exclusive Networks to Offer Advanced Managed Cybersecurity Services

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High Wire Networks, Inc. (OTCQB: HWNI) partners with Exclusive Networks (Euronext Paris: EXN) to provide enhanced capabilities for Managed Endpoint Detection and Response (MEDR). The partnership involves integrating High Wire’s Overwatch Managed Cybersecurity Services with Exclusive’s Endpoint Detection and Response (EDR) offering provided by SentinelOne (NYSE: S), making Exclusive Networks’ EDR technology a more comprehensive MEDR solution. The new MEDR solution will be available to Exclusive Networks’ more than 2,500 customers across several markets, including MSP, MSSP, banking, finance, education, and healthcare.

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09/29/2023 08:00 AM

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High Wire Networks Enters into $5 Million Securities Purchase Agreement

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High Wire Networks, Inc. plans to issue up to $5 million in senior secured convertible promissory notes and warrants to accredited investors to retire higher interest debt and secure growth capital. The company has already issued $1.15 million of the Notes and corresponding Warrants to two institutional investors. The Notes are convertible into common stock at maturity with a conversion price set at $0.10. The Warrants are priced at $0.15 per share for a term ending in 5 years. Proceeds will be used for working capital and general corporate purposes.

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09/19/2023 08:31 AM

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High Wire Networks Named to MSSP Alert’s 2023 List of Top 250 MSSPs

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High Wire Networks, Inc. ranks among the Top 250 MSSPs for 2023, expecting strong revenue growth. MSSP honorees expect to generate $56.3 million in revenue for 2023, double the number from 2022. High Wire reported revenue climbed 32% in H1 2023 to $16.1 million and expects revenue to grow 59% to 74%, reaching $43 million to $47 million for the full year of 2023.

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08/29/2023 08:31 AM

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High Wire Networks to Present at National Investment Banking Association Conference, September 6-7, 2023

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High Wire Networks, Inc. to present at NIBA Conference, revenue climbed 32% in H1 2023 to $16.1 million, monthly recurring revenue exceeds $1 million for the first time.

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08/15/2023 07:00 AM

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High Wire Reports Revenue of $16.1 Million in First Half of 2023, with Monthly Recurring Revenue Reaching Record $1 Million

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High Wire Networks, Inc. reported first half 2023 revenue of $16.1 million, a 32% increase from the same period last year. The company's total contract value for managed cybersecurity services reached $6.0 million, and project delivery backlog totaled $8.6 million. Total liabilities decreased by 59% to $11.1 million, and cash increased to $1.2 million. High Wire expects revenue to grow 59% to 74% for the full year of 2023, reaching $43 million to $47 million.

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08/01/2023 08:31 AM

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High Wire Networks Awarded $1 Million IT Project as First Phase of Wi-Fi Upgrade for Fortune 200 Department Store Chain

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07/25/2023 08:31 AM

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High Wire Networks CMO, Susanna Song, Named to CRN 2023 Inclusive Channel Leaders List

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07/17/2023 10:45 AM

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High Wire Networks Introduces Next-Gen, Industry-Disruptive Cybersecurity Technology Utilizing New Overwatch Universal Secure Enterprise Browser Extension

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FAQ

What is the current stock price of High Wire Networks (HWNI)?

The current stock price of High Wire Networks (HWNI) is $0.0175 as of March 3, 2025.

What is the market cap of High Wire Networks (HWNI)?

The market cap of High Wire Networks (HWNI) is approximately 6.3M.

What services does High Wire Networks provide?

High Wire Networks offers managed cybersecurity services, cyber advisory consulting, and telecom solutions, with a focus on AI-driven automation and scalability.

What is the Overwatch platform?

Overwatch is High Wire’s proprietary platform that integrates Managed Extended Detection and Response (MXDR) and Security Orchestration, Automation, and Response (SOAR) technologies for real-time threat detection and remediation.

Who are High Wire Networks’ customers?

The company serves over 1,100 managed security customers, including Fortune 500 companies, government agencies, and educational institutions, through its network of MSPs and MSSPs.

What makes High Wire Networks unique?

High Wire differentiates itself through its channel partner-focused model, proprietary AI-driven Overwatch platform, and commitment to scalable, high-margin cybersecurity services.

Where is High Wire Networks headquartered?

High Wire Networks is headquartered in Chicago, Illinois, and operates a 24/7 Security Operations Center and Network Operations Center.

What industries does High Wire Networks serve?

The company serves various industries, including retail, healthcare, education, government, and enterprise-level businesses.

How does High Wire Networks support its channel partners?

High Wire provides its partners with cutting-edge cybersecurity solutions, operational support, and opportunities to grow their managed security offerings.

What recognition has High Wire Networks received?

High Wire has been ranked as a Top 15 MSSP by Frost & Sullivan and included in CRN’s MSP 500 and Elite 150 lists for its excellence in managed services.