- Business
- Firstwave Tech, Inc. (OTC: FSTW) develops and sells network management and cybersecurity software solutions, including the Network Management Information System (NMIS) for complete network management; opEvents for centralized event log management; opReports for advanced analysis and reporting; opHA for distributed network management; opCharts for interactive dashboards and charts; opConfig for network configuration management; opAddress for IP address audit and management; opFlow for network traffic analysis; and Open-AudIT for network discovery and inventory, as well as CyberCision, a cybersecurity-as-a-service platform. The company targets telco and internet service providers, large enterprises, managed service providers, governments, IoT device monitoring, IT process automation, remote monitoring and management, and small-to-medium business cybersecurity solutions across Australia, the United States, Canada, Mexico, Central America, South America, and international markets. Founded in 2004 and headquartered in North Sydney, Australia, Firstwave Tech, Inc. operates as a global provider of open-source-based network discovery, automation, monitoring, and compliance tools.
In recent developments, the company completed a $2.85 million capital raise in September 2025, led by technology investor Roger Allen via Red Leaf Securities, to fund a shift toward AI-powered compliance management and growth initiatives following a corporate restructure that achieved operational cash flow positivity in FY25. It secured key customer renewals and expansions with Microsoft, Telmex, Claro, NASA, Macquarie Cloud, and Services Australia, alongside launching NMIS Cloud with Telmex for a potential $15 million annual recurring revenue opportunity and releasing new AI compliance features into testing. Additional strategic moves include partnerships with Amazon Web Services (AWS) and Ingram Micro for global distribution across 170+ countries and 200,000 resellers; an extension of its Telstra agreement for ISM-compliant CyberCision software to Federal Government agencies; and a prior acquisition of Saisei Networks Inc. in 2023, adding network automation IP, patents, 50+ North American telecom clients, and $1 million in annual revenue.