Latest news with #MSP500
Yahoo
6 days ago
- Business
- Yahoo
High Wire Networks Announces Reverse Stock Split
BATAVIA, Ill., May 30, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a global provider of managed cybersecurity services, today announced that its board of directors has determined to effect a one-for-250 reverse stock split of the Company's common stock, par value $0.0001 per share (the 'Common Stock'). Mark Porter, High Wire Networks CEO commented, 'This is an important and essential step in our ongoing efforts to become listed on a major exchange. Inclusive of increasing our stock price, it also better positions the Company to meet several requirements as set out by Nasdaq, while more closely reflecting the true value of our stock to the market. We look forward to continuing the pursuit to list on the Nasdaq and to providing updates to shareholders on our progress.' The reverse stock split will take effect at market open on Monday June, 2, 2025 on the OTCQB market. The CUSIP number of 42981W203 will be assigned to the Company's Common Stock when the reverse stock split becomes effective. When the reverse stock split becomes effective, every 250 of the Company's issued shares of Common Stock will be combined into one issued share of Common Stock, without any change to the par value per share. This will reduce the number of outstanding shares of Common Stock from approximately 251,151,117 million shares to approximately 1,004,604 million shares. No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise hold a fraction of a share of Common Stock of the Company will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share. The reverse stock split ratio approved by the board of directors is within the previously disclosed range of ratios for a reverse stock split disclosed in the Company's Information Statement filed on February 10, 2025. About High Wire NetworksHigh Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation's largest government agencies. The company's Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection, and response, meeting the security and compliance requirements of organizations large and small. The company's IT enablement services provide the foundation for growing its higher-margin Overwatch business. High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also named to CRN's MSP 500 and Elite 150 lists of the nation's top IT managed service providers. Learn more at Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn. Forward-Looking StatementsThe 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 Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations. Company ContactMark Porter, CEOHigh Wire NetworksTel +1 (952) 974-4000 Media RelationsLori AlemanDirector of MarketingHigh Wire NetworksO: 630-635-8477 | C: 602-920-0902Email:
Yahoo
6 days ago
- Business
- Yahoo
High Wire Networks Announces Reverse Stock Split
BATAVIA, Ill., May 30, 2025 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a global provider of managed cybersecurity services, today announced that its board of directors has determined to effect a one-for-250 reverse stock split of the Company's common stock, par value $0.0001 per share (the 'Common Stock'). Mark Porter, High Wire Networks CEO commented, 'This is an important and essential step in our ongoing efforts to become listed on a major exchange. Inclusive of increasing our stock price, it also better positions the Company to meet several requirements as set out by Nasdaq, while more closely reflecting the true value of our stock to the market. We look forward to continuing the pursuit to list on the Nasdaq and to providing updates to shareholders on our progress.' The reverse stock split will take effect at market open on Monday June, 2, 2025 on the OTCQB market. The CUSIP number of 42981W203 will be assigned to the Company's Common Stock when the reverse stock split becomes effective. When the reverse stock split becomes effective, every 250 of the Company's issued shares of Common Stock will be combined into one issued share of Common Stock, without any change to the par value per share. This will reduce the number of outstanding shares of Common Stock from approximately 251,151,117 million shares to approximately 1,004,604 million shares. No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise hold a fraction of a share of Common Stock of the Company will automatically be entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share. The reverse stock split ratio approved by the board of directors is within the previously disclosed range of ratios for a reverse stock split disclosed in the Company's Information Statement filed on February 10, 2025. About High Wire NetworksHigh Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation's largest government agencies. The company's Overwatch by High Wire Networks™ platform offers a range of subscription services for threat prevention, detection, and response, meeting the security and compliance requirements of organizations large and small. The company's IT enablement services provide the foundation for growing its higher-margin Overwatch business. High Wire was recently ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas. It was also named to CRN's MSP 500 and Elite 150 lists of the nation's top IT managed service providers. Learn more at Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn. Forward-Looking StatementsThe 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 Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations. Company ContactMark Porter, CEOHigh Wire NetworksTel +1 (952) 974-4000 Media RelationsLori AlemanDirector of MarketingHigh Wire NetworksO: 630-635-8477 | C: 602-920-0902Email: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Logicalis US Named to CRN Solution Provider 500 List for 2025 for Ninth Year
TROY, Mich., May 27, 2025 /PRNewswire/ -- Logicalis US today announced that CRN®, a brand of The Channel Company, has recognized the leading global technology services provider on the 2025 CRN Solution Provider 500 list. This marks the ninth year that Logicalis has been included on the annual list, which recognizes North America's largest solution providers by revenue and serves as a prominent benchmark of leading IT services companies. With a combined revenue of $548.9 billion, the companies on the list are key influencers propelling growth in the IT industry and the global technology channel. "Ongoing recognition by CRN underscores the hard work our teams do each day as Architects of Change™," said Jon Groves, CEO of Logicalis US. "We are thrilled to be on the list for a ninth time, and look forward to how we can continue to add value, alongside our technology partners, as customers continue down their roads for digital transformation." Over the last year, Logicalis has put a strong focus on enhancing its partner relationships and vertical offerings, including an enhanced security portfolio. In addition, Logicalis and its top partners have made significant investments to modernize its service delivery operational platforms and tools through enhanced AI and Machine Learning features, all underscoring the critical role the company plays in architecting solutions for its key customers across industries. "The Solution Provider 500 list spotlights the technology integrators, managed service providers, value-added resellers and IT consulting firms who bring in the most revenue by leading the way in business and service innovation," said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. "Recognition is reserved for companies demonstrating an unwavering commitment to business agility and sustained growth through rapidly changing industry needs and technology advancements. Congratulations go to each company for earning a well-deserved spot on the Solution Provider 500." The full Solution Provider 500 list will be available online at beginning May 27 and a sampling of the list will be featured in the June issue of CRN Magazine. This is the fourth recognition for Logicalis US from CRN this year. The company has also been recognized to CRN's 2025 Tech Elite 250 and MSP 500 rankings, and several leaders earned spots on CRN's 2025 Women of the Channel list. About The Channel Company The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit Follow The Channel Company: X and LinkedIn About Logicalis US We are Architects of Change™. We help organizations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter. Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimize operations, reduce risk and empower employees. As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; availability, user experience, security, economic performance and sustainability. Our 7000+ 'Architects of Change' are based in 27 countries around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology. Logicalis has annualized revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $4.6 billion. For more information visit View original content to download multimedia: SOURCE Logicalis
Yahoo
27-05-2025
- Business
- Yahoo
Logicalis US Named to CRN Solution Provider 500 List for 2025 for Ninth Year
TROY, Mich., May 27, 2025 /PRNewswire/ -- Logicalis US today announced that CRN®, a brand of The Channel Company, has recognized the leading global technology services provider on the 2025 CRN Solution Provider 500 list. This marks the ninth year that Logicalis has been included on the annual list, which recognizes North America's largest solution providers by revenue and serves as a prominent benchmark of leading IT services companies. With a combined revenue of $548.9 billion, the companies on the list are key influencers propelling growth in the IT industry and the global technology channel. "Ongoing recognition by CRN underscores the hard work our teams do each day as Architects of Change™," said Jon Groves, CEO of Logicalis US. "We are thrilled to be on the list for a ninth time, and look forward to how we can continue to add value, alongside our technology partners, as customers continue down their roads for digital transformation." Over the last year, Logicalis has put a strong focus on enhancing its partner relationships and vertical offerings, including an enhanced security portfolio. In addition, Logicalis and its top partners have made significant investments to modernize its service delivery operational platforms and tools through enhanced AI and Machine Learning features, all underscoring the critical role the company plays in architecting solutions for its key customers across industries. "The Solution Provider 500 list spotlights the technology integrators, managed service providers, value-added resellers and IT consulting firms who bring in the most revenue by leading the way in business and service innovation," said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. "Recognition is reserved for companies demonstrating an unwavering commitment to business agility and sustained growth through rapidly changing industry needs and technology advancements. Congratulations go to each company for earning a well-deserved spot on the Solution Provider 500." The full Solution Provider 500 list will be available online at beginning May 27 and a sampling of the list will be featured in the June issue of CRN Magazine. This is the fourth recognition for Logicalis US from CRN this year. The company has also been recognized to CRN's 2025 Tech Elite 250 and MSP 500 rankings, and several leaders earned spots on CRN's 2025 Women of the Channel list. About The Channel Company The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit Follow The Channel Company: X and LinkedIn About Logicalis US We are Architects of Change™. We help organizations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter. Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimize operations, reduce risk and empower employees. As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; availability, user experience, security, economic performance and sustainability. Our 7000+ 'Architects of Change' are based in 27 countries around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology. Logicalis has annualized revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $4.6 billion. For more information visit View original content to download multimedia: SOURCE Logicalis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Business
- Yahoo
NexusTek Recognized on CRN's 2025 MSP 500 List
Honored as a top managed service provider for the ninth consecutive year DENVER, April 18, 2025 /PRNewswire/ -- NexusTek, a top national cloud, managed IT services, and cybersecurity provider, today announced that CRN®, a brand of The Channel Company, has named NexusTek on its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2025. CRN's annual MSP 500 list is a comprehensive guide to the leading MSPs in North America. These companies deliver essential managed services that enhance business efficiency, simplify IT, and optimize return on technology investments for their customers. The Elite 150 category recognizes MSPs with a blend of on- and off-premises services for mostly midmarket and enterprise customers. NexusTek's inclusion in the Elite 150 for the 9th consecutive year reflects its strength as a data center–driven MSP, offering a sophisticated blend of on-premises and cloud services that streamline operations, bolster cybersecurity, increase agility, and help clients maximize their technology investments. This marks NexusTek's ninth consecutive year earning a spot on the list, a testament to its reliability, innovation, and enduring impact in the midmarket IT space. For nearly 30 years, NexusTek has remained committed to helping small and midsized businesses thrive through technology. With a 98% customer satisfaction rating and a fully staffed, U.S.-based support team available 24/7/365, the company delivers scalable solutions with personalized service at every touchpoint. By putting client needs first and evolving with the market, NexusTek continues to set the standard for what businesses should expect from a modern MSP. "The solution providers on our 2025 MSP 500 list deliver innovative managed services portfolios that enable clients of every size to be more agile and optimize their IT budgets as they grow their business," said Jennifer Follett, VP of U.S. Content and executive Editor CRN, at The Channel Company. "These are the companies that anticipate client tech needs and develop groundbreaking services and solutions that let customers focus on their core business so they can accelerate success." "We're honored to once again receive this prestigious recognition from CRN," said Hamilton Yu, Chief Executive Officer at NexusTek. "Being named to the Elite 150 for nine years in a row is a direct reflection of our team's relentless focus on innovation, excellence, and creating long-term value for our clients. In an ever-shifting technology landscape, we're proud to help businesses grow securely and confidently." The MSP 500 list will be featured in the February 2025 issue of CRN Magazine and online at beginning February 10. About NexusTekThousands of businesses depend on NexusTek to manage and optimize their IT and cloud environments for business continuity, productivity, operational efficiency, and cost-effectiveness. With an all-encompassing services portfolio, infrastructure, high-touch personal attention and IT consulting expertise, NexusTek delivers true end-to-end, outsourced IT management to organizations nationwide. About The Channel CompanyThe Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit Follow The Channel Company: LinkedIn, X, and Facebook. © 2025 The Channel Company, Inc. CRN is a registered trademark of The Channel Company, Inc. All rights reserved. The Channel Company Contact:Kristin DaSilvaThe Channel Companykdasilva@ Contact: Jay CuthrellNexusTek (877) 470-0401Info@ View original content to download multimedia: SOURCE NexusTek Sign in to access your portfolio
