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Wednesday, 13 July 2022 11:30

FirstWave strikes 5-year network monitoring deal with Macquarie Telecom

FirstWave CEO and managing director Danny Maher FirstWave CEO and managing director Danny Maher

FirstWave has signed a five-year deal for the provision of network monitoring and intelligence software and associated implementation and training services with Macquarie Cloud Services, a subsidiary of Macquarie Telecom Group.

Macquarie’s core solution features FirstWave’s Network Management Information System (NMIS), part of the portfolio of products that came with FirstWave’s acquisition of Opmantek in January 2022.

Core to the solution for Macquarie is FirstWave’s NMIS, part of the portfolio of products that came with FirstWave’s acquisition of Opmantek Limited in January 2022.

The initial tranche of devices to be monitored over the term of the contract is worth $559,000.

Generated revenue will go to FirstWave and will grow over time as Macquarie increases the number of devices monitored by NMIS.

The minimum value for the initial tranche of devices to be monitored over the term of the contract is $559,000. Revenue will flow immediately to FirstWave (July 2022) and is anticipated to grow substantially over time as Macquarie increases the number of devices monitored by NMIS.

“Working within Macquarie’s standard supplier terms of agreement, the five-year nature of the agreement together with the thoroughness of the decision-making process and NMIS’ proven track record makes us confident we will meet and exceed Macquarie’s expectations,” comments FirstWave CEO and managing director Danny Maher.

“Macquarie’s commitment broadens our current channel to the Australian market. With the broad portfolio of products now available from FirstWave, I look forward to the opportunity to deepen our relationship across other areas of the group over time.”

This first appeared in the subscription newsletter CommsWire on 12 July 2022.

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