Spectrum Global Solutions announced that High Wire Networks Inc.’s (“High Wire”) Overwatch Managed Security division reported a 22 percent increase in monthly recurring revenue (MRR) and a 41 percent boost in total contract value (TCV) month over month from June to July 2021.
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Overwatch Managed Security, High Wire’s three-year-old cybersecurity division, also saw remarkable year-over-year and year-to-date growth in new managed services provider (MSP) partner acquisitions, up 418 percent from July 2020 to July 2021 and up 69 percent since the start of the calendar year.
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“As the number of cyberattacks rise, businesses are overwhelmed by a noisy security market with too many tools that don’t work with each other,” said High Wire CEO Mark Porter. “We offer our MSPs partners a cost-effective way to deliver end-to-end managed security services with a 24/7 security operations center (SOC) and the experts to respond and mitigate to threats immediately.”
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