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FirstWave extends Speedcast contract

May 28, 2024

First Wave Cloud Technology Limited (ASX: FCT) has confirmed a continuation of their contract with Speedcast for another year.

Speedcast uses several industry-leading technologies, including FirstWave’s patented Deep Package Inspection (DPI)-based flow control traffic management solution — Secure Traffic Manager™ (STM) — to improve network performance and enhance the end-user experience for its enterprise customers.

FirstWave’s NMIS is a leading network management system that assists with fault, performance and configuration management, providing performance information and threshold alerting and highly granular notification policies with many types of notification methods. NMIS monitors the status and performance of an organization’s IT environment, assists in rectifying and identifying faults, and provides valuable information for IT departments to plan expenditure and IT changes.

FirstWave’s CyberCision™ platform allows FirstWave service providers to offer cyber security services to their clients at scale.

The combination of CyberCision, Network Management Information System (NMIS), Open-AudIT and STM products enables FirstWave to provide a comprehensive, end-to-end solution for network discovery, management and cybersecurity for its global telco and service provider partners.

“This agreement illustrates the strength of the Secure Traffic Manager solution and our team,” said Jerome Fink, FirstWave STM Product Manager.

“Secure Traffic Manager enables increased throughput and reduced support calls while improving the customer experience,” said Moti Shulman, Chief Innovation Officer, Speedcast. “Leveraging this solution as part of our network technology portfolio helps us keep up with today’s ever-increasing bandwidth demands.”

FirstWave CEO Danny Maher said, “Our Secure Traffic Manager solution has significantly expanded our sales pipeline, and we look forward to closing out more agreements like this in the future.”

Filed Under: Business Moves, Contract Extension, Cybersecurity, Firsgt Wave Cloud Technology Ltd. (Australia), Speedcast, Traffic Management

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