Managed Cybersecurity Revenue – GuruFocus.com

BATAVIA, Ill., May 19, 2022 (GLOBE NEWSWIRE) — High Wire Networks Inc. (the “Company” or “High Wire”) (HWNI), today announced that High Wire’s Overwatch Managed Cybersecurity division increased revenue from March through April and expects similar growth from April through May.

  • Overwatch MRR increased by 19% from March to April
  • Overwatch MRR Expected to Increase Over 35% Q1 to Q2

“Our monthly recurring revenue growth is accelerating even as the comparison periods become more challenging,” said Mark Porter, President and CEO of High Wire. “When you combine our Overwatch sales and service delivery teams with the best partners in the industry, you get great results.”

“Our partners have embraced our philosophy that cybersecurity is a business issue, not a technology issue, and they are leading the charge every day to solve the challenges of our economy and their customers’ businesses,” he added.

About High Wire Networks
For 20 years, High Wire Networks Inc.(HWNI) has been a trusted partner for VARs, MSPs, Distributors, Integrators, Manufacturers and Telecom Providers by enabling them to minimize overhead while expanding delivery capabilities worldwide. Our flexible workforce provides vendor-neutral technical, professional and security services in over 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 Marketplace enables our partners to provide comprehensive easy-to-sell, easy-to-buy cybersecurity for one 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 troubleshooting and remote technical support. With High Wire Networks, Get Work Done Partners. Learn more about www.highwirenetworks.com.

Forward-looking statements:
The above press release contains forward-looking statements. Statements contained herein 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”, “probable”, “may”, “could”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and other variations or negative expressions of these terms, including statements relating to expected market trends and company 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 information currently available, and include statements of intent, belief e or the current expectations of the Company and its management. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and are subject to a wide range of external factors, uncertainties, business risks and other risks identified in the Company’s filings with the Securities and Exchange Commission. Actual results may differ materially from those indicated by these 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 respect thereto or any change in events, conditions or circumstances about which any statement is based, unless required by applicable laws. law and regulations.

Investor Relations

www.highwirenetworks.com/investors
[email protected]

Media Relations

Susan’s Song
Vice President of Communications
[email protected]

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