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High Wire Networks, Inc. (OTCQB: HWNI) is a dynamic global provider of managed cybersecurity and IT enablement services. Established as a leader in the IT sector, High Wire Networks boasts over 625 channel partners and serves nearly 1,000 managed security customers, along with tens of thousands of technology customers worldwide. The company's clientele includes numerous Fortune 500 companies and significant government agencies.
High Wire Networks operates through several strategic subsidiaries, including AW Solutions and Adex Corporation, providing extensive telecommunication infrastructure and staffing services. Their innovative solutions span the deployment of advanced optical fiber and wireless infrastructure, detailed logistics management, and comprehensive reporting.
One of the company's noteworthy projects includes partnering with a national wireless network operator to modernize the network infrastructure for a major U.S. government agency. This project, valued at $2.4 billion, involves upgrading 4,000 locations across the United States over the next decade, highlighting High Wire’s capability to manage extensive and complex technological deployments.
In the realm of cybersecurity, High Wire's award-winning Overwatch managed cybersecurity platform has expanded significantly, earning the company recognition from Frost & Sullivan as one of the Top 12 Managed Security Service Providers in the Americas for 2023. The platform's user base has grown by 16%, serving over 1,100 SMBs and enterprise customers globally.
High Wire Networks has also made substantial strides in IT enablement, securing significant contracts with major retailers for Wi-Fi and IT infrastructure upgrades. These projects, including a $5.3 million Wi-Fi upgrade, underscore the company’s expertise and trusted partnership with top-tier technology resellers and integrators.
The company's financial health reflects robust growth, with a notable 58% revenue increase expected in Q1 2024, driven by strategic transitions to higher-margin recurring cybersecurity revenue streams. High Wire also maintains a solid project delivery backlog, ensuring sustained revenue generation and positive adjusted EBITDA.
High Wire Networks' commitment to innovation and excellence is further underlined by its inclusion in CRN's MSP 500 and Elite 150 lists, recognizing the top IT managed service providers in the nation. The company's dedication to vendor-agnostic integration and multi-tech/multi-site service delivery capabilities ensures they meet evolving market demands efficiently.
Headquartered in Chicago with additional offices in Puerto Rico and the United Kingdom, High Wire Networks continues to expand its global footprint, leveraging a robust network of 15,000 field technicians and a 24/7 Network Operations Center and Security Operations Center in the U.S.
For more information, visit HighWireNetworks.com, follow the company on Twitter, view their extensive video series on YouTube, or connect on LinkedIn.
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.
High Wire Networks (OTCQB: HWNI) will showcase its managed cybersecurity and IT enablement services at the Kaseya Connect Global Conference from April 24 to April 27, 2023, at the MGM Grand Resort in Las Vegas. The company will exhibit at Booth #644 and host a VIP bourbon tasting and Open XDR demo on April 26 from 5-7 p.m. The conference expects over 5,000 attendees, including leading IT professionals and industry leaders.
High Wire's Overwatch service has seen over 430% customer growth in the past year, driven by a robust MSP partner program with over 625 channel partners. Recently recognized as one of the Top 12 Managed Security Service Providers in the Americas by Frost & Sullivan, High Wire continues to enhance its support for MSPs.
High Wire Networks (OTCQB: HWNI) announced a $1.6 million annual contract renewal with a Fortune 500 environmental solutions provider, facilitated through a premier global channel partner. The renewal expands services to 60 additional customer sites, increasing from the previous $1.3 million program. Key offerings include managed services for data network resources, equipment installation, and on-demand logistics management. High Wire will continue project management support and emergency service for network outages via its 15,000 field technicians. This engagement builds on a long-term partnership, enhancing service delivery models and potentially generating additional business opportunities. High Wire's growth reflects its strategy to improve efficiency and cost-effectiveness in managing technology services.
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