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Spectrum Global Solutions

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Namestring
Spectrum Global Solutions
Websiteurl
https://spectrumglobalsolutions.com/
Company typeenum
Private
Founded yearint
2007
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersLongwood, United States
HQ citystring
Longwood
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

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No data
Differentiator
Functional benefit
Problem solved
No data
Market position
Customer concentration

Classification, Details

No data
API detail

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Spectrum Global Solutions

spectrumglobalsolutions.com

Spectrum Global Solutions firmographics

Firmographics
Name
Spectrum Global Solutions
Website
https://spectrumglobalsolutions.com/
Company type
Private
Founded year
2007
Headcount range
251–500 employees
Ownership category
akta.pro rank

Where Spectrum Global Solutions is headquartered

Location

Headquarters

HQ city
Longwood
HQ country
United States
HQ region
North America

Markets served

Spectrum Global Solutions technology and API

Technology

API detail

API docs
API detail

Core technology

AI maturity

App detail

Spectrum Global Solutions competitors and assessment

Company assessment

Market position

Customer concentration

Spectrum Global Solutions social profiles

Digital presence

Spectrum Global Solutions financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Spectrum Global Solutions leadership team

Management profile

Number of profiles

Spectrum Global Solutions funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Spectrum Global Solutions M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spectrum Global Solutions

When was Spectrum Global Solutions founded?

Spectrum Global Solutions was founded in 2007. It employs 251 to 500 people.

Where is Spectrum Global Solutions based?

Spectrum Global Solutions is headquartered in Longwood, United States, in the North America region.

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Ticker ReportAnalyzing Spectrum Global Solutions (SGSI) and Its RivalsSpectrum Global Solutions is evaluated in comparison to its rivals, showing significantly lower gross revenue and a high price-to-earnings ratio, which indicates it is more expensive than its competitors. Specifically, Spectrum Global Solutions reported a gross revenue of $18.68 million and a net income loss of $17.71 million, contrasting with its competitors' combined gross revenue of $23.88 billion and net income of $958 million. Additionally, the analysis indicates that Spectrum Global Solutions falls short in several profitability metrics compared to its rivals.GlobeNewswireSpectrum Global Solutions Shows Positive Operating Income and Increased Net Shareholder Equity, Working Towards Market UplistingSpectrum Global Solutions reported Q2 2021 pro forma revenue of $10.8M and net income of $1.161M, with shareholder net equity rising to $11.174M. The company expects continued growth and a Secure Voice Corp. transaction to close before end of Q3.GlobeNewswireSpectrum Global Solutions Announces Closing of Merger with High Wire NetworksSpectrum Global Solutions completed its merger with High Wire Networks, delayed by waiting for SBA PPP forgiveness on nearly $2.7 million of debt. The forgiveness will be reflected in the June 30 quarterly statements, and the company will rebrand under High Wire's name and pursue a NASDAQ up-listing.GlobeNewswireSolving Cybersecurity Business Challenges – How to Reduce Risk of Ransomware and BreachesSpectrum Global Solutions and High Wire Networks are hosting a virtual cybersecurity conference on June 16 to discuss reducing ransomware risk. The event features expert sessions and a Q&A with former CIA CISO Robert Bigman. High Wire's merger with Spectrum is expected to close within weeks.GlobeNewswireSpectrum Global Solutions Announces Transition Services Agreement with High Wire NetworksSpectrum Global Solutions entered a Transition Services Agreement with High Wire Networks to govern their relationship while awaiting merger closing conditions. The agreement allows Spectrum to record High Wire's EBITDA as revenue, and the combined entities under SGSI management produced over $40 million in revenue in the trailing 12 months.GlobeNewswireSpectrum Global Solutions Announces Agreement to Acquire Wholesale Voice and Data Network Services Provider with Nationwide PresenceSpectrum Global Solutions agreed to acquire Telecom Assets Corp., a wholesale network services provider, for approximately $9 million in cash and stock. The deal, subject to closing conditions, adds a recurring revenue stream of about $8 million annually and nearly 200 channel partners to Spectrum's Overwatch portfolio.GlobeNewswireSpectrum Appoints New CEO and Provides Outlook for 2021Spectrum Global Solutions appointed Mark Porter as CEO and outlined its 2021 outlook. The merger with High Wire is expected to drive revenue growth and a national footprint, with a focus on recurring revenues and 5G technology. The company aims to seek a national exchange listing within 12 months.GlobeNewswireSpectrum Global Solutions Announces Expansion Into CanadaSpectrum Global Solutions announced the expansion of its ADEX subsidiary into Canada, forming ADEX Canada to serve new and existing tier-1 clients. The Toronto-based subsidiary offers turnkey project staffing for network infrastructure services, including engineering, installation, and integration. The company expects to develop business relationships with Canadian tier-1 clients over time.GlobeNewswireSpectrum Global Solutions Receives $3.3 Million in New Contract AwardsSpectrum Global Solutions received $3.3 million in new contract awards across its subsidiaries, including work orders from new and existing clients. The orders are for infrastructure projects supporting 5G network upgrades, with a new 5G network in a major metropolitan area already generating purchase orders.GlobeNewswireSpectrum Global Solutions Reports First Quarter 2019 ResultsSpectrum Global Solutions reported Q1 2019 revenue of $11.3 million, up from $4.3 million in 2018, and posted its first positive operating income of $14,699. Net loss remained at $1.3 million, driven by higher other expenses. The company expects to continue growth through acquisitions.