Spectrum Global Solutions Inc. (the "Company" or "Spectrum") (OTCQB: SGSI), announced today that High Wire Networks Inc. (“High Wire”) and its cybersecurity business unit, Overwatch Managed Security, have achieved SOC 2 Type 1 certification.
SOC 2 is a technical audit that requires companies to establish strict information security policies and procedures to protect customer data. Some areas targeted for adherence include monitoring, responding to anomalous alerts and auditing to show continuous correction and adjustment to updated or replaced conditions and regulations. The evaluation is conducted in a standardized way against a common framework of rules and processes.
“SOC 2 Type 1 certification proves High Wire’s information security measures are in line with the unique parameters of today’s cloud requirements and that systems for shared access to the cloud are safely storing client information,” said High Wire’s CISO Phil Burnett. “It offers our partners and customers additional peace of mind.”
“Achieving SOC 2 demonstrates to customers and partners that High Wire is a safe business partner to work with,” said High Wire’s CEO Mark Porter. “It validates that we have safeguards in place to properly manage and store sensitive client data every step of the way. It also confirms that we have business systems for resiliency, redundancy and disaster recovery.”
High Wire will proceed toward achieving SOC 2 Type 2, which assesses how effective the controls are over time by observing operations for six months.
As previously announced, High Wire has agreed to go public through a merger with Spectrum Global Solutions Inc. ( OTCQB:SGSI). The closing of the merger is subject to certain closing conditions that are expected to be resolved within the next few weeks.
About Spectrum Global Solutions
Spectrum Global Solutions Inc. operates through its subsidiaries ADEX Corp., Tropical Communications Inc. and AW Solutions Puerto Rico LLC. The Company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico and Caribbean. For more information about the Company and its technologies visit the Company’s public filings at www.SEC.gov or the Company’s website at https://SpectrumGlobalSolutions.com/
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
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 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.
Spectrum Global Solutions
Director of Marketing and Communications
High Wire Networks