High Wire Networks Secures Major Managed Cybersecurity Renewal and ARR Growth Through Overwatch Bundling Strategy
High Wire Networks (OTCQB: HWNI) has secured a significant customer renewal and expansion agreement through its Overwatch managed cybersecurity division.
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Rhea-AI Summary
High Wire Networks (OTCQB: HWNI) has secured a significant customer renewal and expansion agreement through its Overwatch managed cybersecurity division. The contract, valued at nearly $720,000 over two years, represents both a renewal and additional Annual Recurring Revenue (ARR).
The customer, a technology services provider supporting public sector clients and critical infrastructure across North America, has expanded its commitment to the Overwatch suite of services. The success highlights High Wire's enhanced bundling strategy, which enables partners to fractionalize security services across their client base.
According to Mark Porter, President and CEO, this renewal demonstrates the effectiveness of their platform in enabling partners to scale security visibility and bundle capabilities more effectively. The company's strategy focuses on delivering fully integrated solutions rather than individual point solutions, aiming to transform the economics of managed cybersecurity.
Positive
- Secured $720,000 contract renewal over 2 years with potential for significant growth
- Successful expansion of existing customer relationship indicates strong service satisfaction
- Growth in Annual Recurring Revenue (ARR) through enhanced bundling strategy
- Strategic shift to integrated solutions improving profitability potential
Negative
- Company trades on OTCQB market, indicating lower tier exchange listing
Details
News Market Reaction – HWNI
The recorded move for HWNI in the trading session of this news was +0.65%.
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BATAVIA, Ill., March 13, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity services, announced a significant customer renewal and expansion agreement through its Overwatch managed cybersecurity division. The contract represents a renewal and significant additional Annual Recurring Revenue (ARR), representing nearly
The customer, a technology services provider supporting public sector clients and critical infrastructure organizations across North America, reaffirmed its trust in High Wire by renewing and expanding its commitment to the Overwatch suite of services. This strategic win reflects a meaningful increase in ARR for High Wire, driven by partner’s ability to fractionalize a comprehensive log-ingestion and correlation pipeline across their client base.
“Our goal has always been to simplify and amplify cybersecurity outcomes for our partners and their customers,” said Mark Porter, President and CEO of High Wire Networks. “This renewal is a testament to the power of our platform—by enabling partners to scale security visibility, fractionalize services across their client base, and bundle capabilities more effectively, we’re driving measurable impact while unlocking new levels of profitability and growth for the partner and us.”
This new strategy aligns more squarely with customer buying behavior and focuses on a fully integrated solution rather than individual point solutions.
High Wire remains committed to creating an unfair advantage for its partners and their customers by equipping them with the tools, scalability, and support needed to outperform in a rapidly evolving cybersecurity landscape. Through ongoing investments in innovations that make cybersecurity more accessible, scalable, and profitable, High Wire empowers its channel ecosystem to deliver greater value. By enabling partners to extend next-generation security pipelines across multiple clients efficiently and precisely, the company is transforming the economics of managed cybersecurity and driving more substantial outcomes across the board.
About High Wire Networks
High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. The company’s 24/7 Security Operations Center is based in Chicago, Illinois.
High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2023 and 2024.
Learn more at www.highwirenetworks.com. Follow the company on X, view its video series on YouTube, or connect on LinkedIn.
Media Contact:
Lori Aleman
Director of Marketing
Phone: O: 630-635-8477 C: 602-920-0902
Email: lori.aleman@highwirenetworks.com
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