HIGH WIRE NETWORKS, INC. Merger Unveils Transformative Plan for The Company
High Wire is a global provider of managed security, professional services and commercial/industrial electrical solutions delivered exclusively through a channel sales model. High Wire’s Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints and users via multiyear recurring revenue contracts in this fast-growing technology segment. In 2020, a year impacted by the COVID pandemic, High Wire produced more than
Spectrum intends to rebrand itself with the High Wire Network name, and High Wire’s management team will assume a leadership role in the rebranded organization and its subsidiaries, including
The merger will be accomplished through an exchange of stock and cash. Spectrum intends to file for a name change to High Wire Networks, as it continues to work towards its goal of up-listing to the NASDAQ, subject to satisfaction of the listing qualifications.
“We are excited about the opportunity in front of us,” said
“We believe the merger with High Wire presents a unique transformative growth opportunity for the Company and a natural opportunity for us to transition to the next generation of leadership that will take the organization in a new direction,” said
About
About High Wire Networks
For 20 years, High Wire Networks has been a trusted partner to VARs, MSPs, distributors, integrators, manufacturers, and telecom providers by enabling them to minimize overhead while extending delivery capabilities around the world. Our flexible workforce delivers vendor-agnostic technical field, professional and security services in more than 180 countries. Our services include design, installation, configuration, and support for unified communications, wired and wireless networks, cabling and infrastructure, and electrical systems. Our new Overwatch Managed Security Platform-as-a-Service enables our partners to deliver comprehensive cybersecurity that’s easy to sell and easy to buy for an affordable subscription. We also offer a variety of on-demand, rapid-response solutions with service levels ranging from two hours to the next business day for onsite break-fix and remote technical support. With High Wire Networks, partners Get Work Done. Learn more at http://www.highwirenetworks.com
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
Investor Relations
www.SpectrumGlobalSolutions.com/
561-672-7068
Media Relations
Director of
High Wire Networks
630-635-6717
susanna.song@highwirenetworks.com
2021 GlobeNewswire, Inc., source
