FirstWave Acquires Silicon Valley's Saisei Networks Inc

FirstWave Cloud Technology Limited (ASX: FCT) announced the acquisition of 100% of Saisei Networks Inc., a Silicon Valley-based network automation software company.

Key Transaction Benefits

The acquisition delivers several strategic advantages:

• Expansion of FirstWave's network management capabilities
• Addition of over 50 new clients, primarily North American telecommunications organizations
• Approximately $200,000 in cash reserves from the transaction
• 6 new software engineers dedicated to enhancing intellectual property
• Enhanced technical management depth and breadth
• Acquisition of Saisei's proprietary IP and patents

Financial and Operational Details

FirstWave will issue 40,571,428 new shares as payment. The acquisition is expected to add approximately $AUD1 million to annual revenue. Approximately 75% of Saisei's revenue derives from North America and Latin America -- key growth markets for FirstWave.

Leadership and Integration

Boris Rozenvasser, Saisei's majority owner and former Dodo CEO, stated: "I believe FirstWave has an exciting future and is the right home for Saisei to continue to grow."

Saisei CTO John Harper will remain with the company to support the intellectual property merger and continue playing an important role.

Company Background

Saisei provides software for real-time network visibility, analytics, and control with patented technology for network management automation. The carrier-grade solution serves telecommunications and enterprise customers.

Strategic Vision

FirstWave CEO Danny Maher emphasized that Saisei represents a "highly scalable digital software business with considerable growth opportunities." The combined offering -- including CyberCision, NMIS, Open-AudIT, and Saisei products -- provides comprehensive end-to-end network discovery, management, and cybersecurity solutions.