High Wire Networks Inc., a global provider of technical, professional, electrical and cybersecurity services, announced it has finalized its agreement to acquire the business of Secure Voice Corp. (SVC), a wholesale network services provider in the Northeast that carries traffic across the United States.
SVC’s network carries voice over IP (VoIP) and data traffic for service providers. The purchase was accomplished through a combination of cash, assumption of debt and stock valued between $6.5 million and $9 million.
The acquired assets provide strong recurring revenue and a history of significant profitability with unlimited potential for scale and future add-on acquisitions. The new assets and nearly 200 channel partners will become part of High Wire’s Overwatch recurring revenue services line of business.
