High Wire Networks to Buy Wholesale Voice and Data Network Services ProviderHigh Wire Networks to Buy Wholesale Voice and Data Network Services Provider
The acquisition of Secure Voice provides an additional recurring revenue stream and nearly 200 channel partners.
November 5, 2021
High Wire Networks, which provides technical, professional, electrical and cybersecurity services, is buying Secure Voice Corp. (SVC). The company is a wholesale network services provider with facilities in the Northeast and carrying traffic across the United States.
SVC’s network carries VoIP and data traffic for service providers. The deal is worth between $6.5 million and $9 million in cash, stock and assumption of debt.
Mark Porter is CEO of High Wire.
High Wire Networks’ Mark Porter
“We are extremely pleased to close this transaction and accelerate our growth trajectory by adding another key piece of our overall strategy to be a leading provider of technology services to our clients,” Porter said. “As we grow the portfolio and execute on our strategy, we continue to build shareholder value for the long term, while driving growth in the short term.”
This is among several recent deals for the Chicago-based High Wire. Earlier this year, the company merged with Spectrum Global Solutions. That company provides telecommunications engineering and infrastructure services. The deal led to High Wire becoming a publicly traded company. Last year, High Wire began the distribution of its Overwatch Managed Security solution through Synnex’s partner network. The Synnex network consists of more than 25,000 IT solution providers. Moreover, the alliance lets Synnex resellers deliver holistic security services to underserved small and medium businesses (SMBs).
Keep up with the latest channel-impacting mergers and acquisitions. You can do so in our M&A roundup.
Overwatch Recurring Revenue
The new assets and nearly 200 channel partners from Secure Voice Corp. will become part of High Wire’s Overwatch recurring revenue services line of business. High Wire’s Overwatch Managed Security Marketplace enables partners to deliver comprehensive cybersecurity that the company says is easy to sell at an affordable subscription.
David Hand, Hire Wire’s vice president of GSIs, spoke to Channel Futures in July about the company’s role with its partners.
“High Wire Networks has established a great track record over the past 20 years in support of technology partners delivering service to large enterprise customers. High Wire has the breadth, depth and experience to support these strategic partners around the world,” Hand said.
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