High Wire Networks Strengthens Sales and Marketing Team to Accelerate Growth in Overwatch Managed Cybersecurity Recurring Revenue Streams

Core Insights - High Wire Networks, Inc. is advancing its strategic growth plan by expanding its sales team and marketing resources to enhance monthly recurring revenue (MRR) from its Overwatch cyber portfolio [1][2] - The company aims to attract larger channel partners and increase average contract size and MRR per partner, building on record revenue from continuing operations in Q3 2024 [2][3] Company Strategy - High Wire has appointed experienced industry professionals to focus on larger enterprise-class clients, aligning with its transition to higher average contract sizes [3][7] - The company will continue to support smaller managed service providers (MSPs) while enhancing its sales organization to create competitive advantages through hyperautomation [4] Operational Developments - The Overwatch operations team is developing proprietary hyperautomations to drive revenue growth and gross profit expansion without a proportional increase in personnel [6] - The company is tracking its MRR 'exit velocity' to ensure strong performance in Q4 2024, with a significant pipeline of large deals in the closing stages [6][8] Leadership and Expertise - The new additions to the Overwatch team report to the chief revenue officer, who has extensive experience in driving technology companies into hypergrowth [7] - The management team is recognized for its strength and experience in the managed cybersecurity space, positioning the company for accelerated growth [5][6] Market Position - High Wire Networks has been recognized by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024 and has made it to several prestigious lists of top IT managed service providers [11]