Stephen LaMarche, a corporate director, has been appointed to the role of chief operating officer of High Wire Networks, Inc., a leading worldwide supplier of managed cybersecurity and IT enablement services.
LaMarche has been a senior leader in private and public organizations for more than 25 years. During that time, he has learned a lot about operations management, product development, sales and marketing, financial management, and mergers and acquisitions.
Overwatch by High Wire Networks™, High Wire’s managed cybersecurity business, has grown by more than 400% in the last year to almost a thousand commercial clients, and LaMarche will manage its operations. Multiple Fortune 100 firms and other well-known businesses throughout the globe rely on the company’s managed IT services.
The growth of Overwatch’s innovative MSP partner program, which now has more than 200 channel partners worldwide, and the growing need for more effective and easier-to-manage cybersecurity solutions have helped the company increase.
This need is based on the rising understanding that a more effective and robust security infrastructure can be built via the operationalization of cybersecurity. High Wire’s cybersecurity professionals can help you put this strategy into action so that you have a more robust security posture and can better deal with the more sophisticated cyber threats constantly emerging online.
“Stephen’s years of expertise and considerable operational know-how make him a wonderful match as COO and for moving the next level of our IT services, particularly Overwatch,” said Mark Porter, CEO of High Wire. More and more customers are integrating Overwatch into their managed service deployments. We’re also seeing inquiries from new channel partners eager to provide their customers with a reliable solution. The hiring of Stephen is part of our plan to expand and satisfy this rising demand.
High Wire’s defence-in-depth approach, which incorporates the administration of numerous Overwatch cybersecurity solutions, has been widely welcomed by the company’s channel partners and expanding user base. Consequently, clients make far more significant subsequent commitments after an initial investment. With the help of Overwatch’s extensible APIs, High Wire customers are becoming increasingly interested in combining their managed endpoint services and other tools into a single offering.
High-fidelity, high-value alerts, and events are all that users need to focus on, thanks to this all-encompassing solution. Overwatch is a subscription service, so there’s no up-front cost, and you can easily budget for its deployment, maintenance, and growth.
The more than $19 million in backlog we are presently working to deploy for our clients is evidence of the company’s growth and progress, and LaMarche is pleased to join High Wire’s outstanding management team. As we continue to work with top MSPs and build our strong sales funnel, our Overwatch-managed cybersecurity platform will gain even more market share.
The cybersecurity industry is expected to increase at a CAGR of 13.4% to $376 billion by 2029, and High Wire’s Overwatch platform aims to serve this market. The managed services market for the company is expected to grow at a CAGR of 13.8% and reach $680 billion worldwide by 2030.
