High Wire’s Overwatch Expands Portfolio to Include Critically Needed Professional Services
Rhea-AI Summary
High Wire Networks (OTCQB: HWNI) has secured its first professional services client for Cyber Advisory consulting, marking a strategic expansion of its service portfolio. The client is a U.S.-based multi-billion-dollar conglomerate with global operations across transportation, mining, construction, and shipbuilding industries.
The comprehensive cyber advisory engagement includes:
- Board-level advisory services
- Risk assessments
- Strategic planning and execution
- Compliance consulting
- M&A support
- Incident response management
The scope of work encompasses tailored cybersecurity expertise, development of board-level KPIs, creation of a risk register, and establishment of a communication program to align with industry best practices and regulatory requirements.
Positive
- First major consulting contract with multi-billion dollar client
- Expansion into higher-margin professional services
- Entry into new market segments (transportation, mining, construction)
- Diversification of revenue streams beyond managed security services
Negative
- Revenue impact and contract value not disclosed
- Single client dependency for new service line
News Market Reaction – HWNI
On the day this news was published, HWNI gained 7.08%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Notches First Win with Cyber Advisory Consulting Engagement
BATAVIA, Ill., Feb. 27, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading managed security services provider (MSSP), announces its first professional services client for Cyber Advisory consulting. This marks a significant milestone as the company expands its offerings to provide expert cyber services that complement its robust managed security services portfolio.
The client, a multi-billion-dollar conglomerate with a diverse range of privately held businesses, is headquartered in the U.S. and has global operations in the transportation, mining, construction, and shipbuilding industries. The client engaged High Wire - Overwatch due to the quality, caliber, and strength of experience the company’s cyber advisors bring to the table.
The cyber advisory engagement includes a dynamic set of outcomes, including board-level advisory services, risk assessments, strategic planning and execution, compliance consulting, support for mergers and acquisitions, and incident response management.
As part of the scope of work, the client will receive tailored cybersecurity expertise, ensuring their security posture aligns with industry best practices and regulatory requirements. Additionally, the services will include developing board-level Key Performance Indicators (KPIs), creating a comprehensive risk register, and establishing a robust communication program.
Ed Vasko, CEO of High Wire - Overwatch, commented: “We are thrilled to announce our first Cyber Advisory consulting engagement with such a distinguished and diverse organization. This collaboration highlights the growing demand for specialized cybersecurity expertise, and we’re excited to provide the high-level advisory support that enables our clients to meet their cybersecurity objectives. Our cyber subject matter experts bring deep experience across various industries, and we’re proud to help this global leader strengthen its security strategy.”
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 HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube, or connect on LinkedIn.
Forward-Looking Statements
The above news release contains forward-looking statements. The statements contained in this document 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,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s 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 currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such 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 regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
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