Welcome to our dedicated page for High Wire Networks news (Ticker: HWNI), a resource for investors and traders seeking the latest updates and insights on High Wire Networks stock.
High Wire Networks Inc. (OTCQB: HWNI) is a leading global provider of managed cybersecurity solutions and IT enablement services trusted by enterprise clients worldwide. This dedicated news hub serves as the definitive source for official corporate announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find timely updates including quarterly earnings reports, cybersecurity product launches, strategic partnerships, and leadership updates. The curated collection features press releases directly from High Wire Networks alongside verified third-party analysis of their Overwatch MXDR platform and channel partner ecosystem.
Key content categories include updates on the company's AI-powered security orchestration, expansion of managed detection services, and operational milestones within their global network of 200+ channel partners. All materials maintain compliance with financial disclosure regulations while emphasizing the company's focus on recurring revenue models and enterprise cybersecurity solutions.
Bookmark this page for streamlined access to High Wire Networks' latest developments in cybersecurity innovation, financial performance, and market positioning. Check regularly for updates that impact investment research and industry trend analysis in the managed security services space.
High Wire Networks (OTCQB: HWNI) will present at the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton, Laguna Niguel, California. CEO Mark Porter, COO Stephen LaMarche, and CTO David Barton will engage in one-on-one meetings with analysts and investors to discuss the company’s leadership in IT and cybersecurity managed services. High Wire's services thrive through a network of over 600 channel partners, serving SMBs and enterprise customers worldwide, including many Fortune 500 companies. The company is ranked as a Top 12 Managed Security Service Provider by Frost & Sullivan and featured in CRN’s MSP 500 and Elite 150 lists.
High Wire Networks, Inc. (OTCQB: HWNI) has been recognized by CRN Magazine in its 2023 MSP 500 and Elite 150 lists, highlighting its global managed cybersecurity and IT services. This recognition underscores High Wire's innovative approach, catering to midmarket and enterprise clients. The company's Overwatch managed cybersecurity platform has seen a user expansion of over 430% in the last year, now serving nearly 1,000 customers, including Fortune 500 companies. CEO Mark Porter emphasizes the importance of flexibility and vendor-agnostic integration in addressing current market needs.
High Wire Networks (OTCQB: HWNI) announced the onshoring of 100% of its 24/7 network and security operation centers to Batavia, Illinois, enhancing its cybersecurity infrastructure. The company reported a 430% growth in its Overwatch managed cybersecurity platform, which now serves nearly 1,000 customers, including Fortune 500 companies. High Wire's MSP Partner Program has expanded to over 200 partners, driving strong demand for cybersecurity solutions. The company also boasts a record backlog of $6.5 million for Overwatch, boosted by the adoption of enhanced cybersecurity policies. The global cybersecurity market is projected to grow at a 13.4% CAGR to reach $376 billion by 2029.
High Wire Networks has appointed Stephen LaMarche as Chief Operating Officer, effective February 6, 2023. LaMarche, who has over 25 years of leadership experience, will manage High Wire’s rapidly growing managed IT services, notably the Overwatch cybersecurity service, which has expanded by 400% to nearly 1,000 customers. This growth is fueled by a robust MSP partner program with over 200 partners globally and rising cybersecurity demand. The global cybersecurity market is projected to reach $376 billion by 2029. High Wire anticipates continued success as it leverages LaMarche’s expertise to enhance its offerings and expand its market presence.
High Wire Networks, Inc. (OTCQB: HWNI) has renewed its contract with a major aerospace company, securing a three-year deal valued at $300,000 for enhanced cybersecurity services. This renewal reflects a 40% increase in the client’s financial commitment compared to previous engagement. The expanded scope includes managed endpoint solutions and other services, highlighting growing demand for High Wire’s AI-powered cybersecurity offerings. The company reports a threefold growth in its Overwatch Managed Security business and a robust global market projected to reach $680 billion by 2030.
High Wire Networks (OTCQB: HWNI) has secured a managed services contract renewal valued at $1.2 million annually from a Fortune 500 healthcare company, doubling the previous contract of $600,000. This renewal broadens the scope to include management of additional end user compute devices. High Wire's services support clinical outcomes and adherence to compliance frameworks, reflecting increasing demand for their Overwatch cybersecurity platform. The global managed services market is projected to grow at 13.8% CAGR to reach $680 billion by 2030.
High Wire Networks (OTCQB: HWNI) has partnered with CMA, a capital markets advisory firm, to enhance its investor relations and public presence. The company reported a 53% revenue increase, totaling $52 million for the last twelve months, and a record backlog of $19.2 million, setting the stage for sustained growth in 2023. High Wire aims to leverage CMA's expertise to attract high-net-worth and institutional investors. The cybersecurity market is projected to grow significantly, with High Wire positioned to benefit from this trend.
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.
High Wire Networks (OTCQB: HWNI) has completed a $6 million Private Investment in Public Equity (PIPE) as part of a total offering of up to $10 million, expected to close in early December. The capital raise aims to provide working capital for growth in managed services, eliminate over $4.5 million in debt, and reduce monthly debt obligations by over $300,000. The funds will also support the company's Managed Cyber Security Services business and position it for a future national exchange listing.
