High Wire Networks Secures Major Contract Expansion for Cybersecurity
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High Wire Networks Secures Major Contract Expansion
BATAVIA, Ill. — High Wire Networks, Inc. (OTCQB: HWNI), a prominent player in managed cybersecurity solutions, has recently announced an expanded annual contract renewal that will enhance its cybersecurity offerings across a network of luxury car dealerships. This renewal marks a significant milestone, as it increases the anticipated annual revenue by a substantial fivefold compared to the prior year.
Enhanced Cybersecurity Services
The contract was secured through one of High Wire's distinguished managed service provider (MSP) partners, showcasing the trust that leading service providers place in High Wire's capabilities. The company will now provide its Overwatch Managed Extended Detection and Response (MXDR) services to more than a dozen luxury automotive dealerships situated on the West Coast and in the Midwest.
According to Ed Vasko, the CEO of the Overwatch division, “This expanded renewal contract demonstrates how our MSP partners view Overwatch as a trusted, U.S.-based security ally, especially for their high-value clients.” His comments underline High Wire's commitment to developing strong partnerships that empower its clients to grow their businesses while securing their operations.
The Importance of Rapid Response in Cybersecurity
High Wire's Overwatch MXDR service is designed to deliver immediate threat alerts, which is critical in today’s fast-paced digital landscape. With a team of U.S.-based security analysts monitoring client environments 24/7, the service utilizes a proprietary AI-powered playbook for effective threat response. This innovative approach allows the company to respond to threats in a swift and automated manner, reducing the potential impact of cybersecurity incidents.
Vasko emphasizes the importance of speed in cybersecurity operations: “When it comes to cybersecurity, speed matters. Our advanced methods of real-time data processing, combined with our high-touch service delivery, enable us to identify and mitigate threats almost instantly.” This approach positions High Wire Networks as a leader in proactive cybersecurity management.
A Commitment to Excellence
High Wire Networks has built its reputation by consistently providing reliable managed cybersecurity services. The company caters to over 1,100 managed security customers worldwide, which range from Fortune 500 companies to major government agencies. Its U.S.-based Network Operations Center and Security Operations Center, located in Chicago, operates continuously to ensure the highest level of security and support.
The company’s accomplishments have been recognized by industry peers, as it was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas for 2023. Furthermore, High Wire was named to CRN’s MSP 500 and Elite 150 lists for the top IT managed service providers for 2023 and 2024, reflecting its strong market position and commitment to excellence.
Looking Ahead in Cybersecurity
With the rise in cyber threats targeting various industries, High Wire Networks is poised to expand its influence in the cybersecurity sector. The company's dedication to enhancing its services through continuous innovation and strong partnerships sets the stage for future success. As organizations increasingly recognize the importance of robust cybersecurity measures, High Wire is positioned to meet the growing demand for its managed services.
Frequently Asked Questions
What is High Wire Networks known for?
High Wire Networks is recognized as a leading global provider of managed cybersecurity services, catering to a diverse range of clients.
What recent achievement did High Wire Networks accomplish?
The company has secured an expanded contract renewal that will significantly increase its expected annual revenue and service provision.
How does Overwatch MXDR enhance cybersecurity?
Overwatch MXDR offers immediate threat alerts and utilizes AI technology for rapid response to potential security incidents.
Who are High Wire's clients?
The clients include Fortune 500 companies and large government agencies, benefiting from High Wire’s cybersecurity expertise.
What distinguishes High Wire's cybersecurity services?
The company's commitment to speed, service quality, and personalized support sets its services apart in the managed cybersecurity industry.
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