[{"data":1,"prerenderedAt":95},["ShallowReactive",2],{"news-firstwave-acquires-silicon-valleys-saisei-networks-inc":3},{"id":4,"title":5,"author":6,"body":7,"date":84,"description":85,"extension":86,"image":6,"meta":87,"modified":6,"navigation":89,"path":90,"seo":91,"slug":92,"stem":93,"__hash__":94},"news\u002Fnews\u002Ffirstwave-acquires-silicon-valleys-saisei-networks-inc.md","FirstWave Acquires Silicon Valley's Saisei Networks Inc",null,{"type":8,"value":9,"toc":75},"minimark",[10,14,19,22,44,48,51,55,58,61,65,68,72],[11,12,13],"p",{},"FirstWave Cloud Technology Limited (ASX: FCT) announced the acquisition of 100% of Saisei Networks Inc., a Silicon Valley-based network automation software company.",[15,16,18],"h2",{"id":17},"key-transaction-benefits","Key Transaction Benefits",[11,20,21],{},"The acquisition delivers several strategic advantages:",[23,24,25,29,32,35,38,41],"ul",{},[26,27,28],"li",{},"Expansion of FirstWave's network management capabilities",[26,30,31],{},"Addition of over 50 new clients, primarily North American telecommunications organizations",[26,33,34],{},"Approximately $200,000 in cash reserves from the transaction",[26,36,37],{},"6 new software engineers dedicated to enhancing intellectual property",[26,39,40],{},"Enhanced technical management depth and breadth",[26,42,43],{},"Acquisition of Saisei's proprietary IP and patents",[15,45,47],{"id":46},"financial-and-operational-details","Financial and Operational Details",[11,49,50],{},"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.",[15,52,54],{"id":53},"leadership-and-integration","Leadership and Integration",[11,56,57],{},"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.\"",[11,59,60],{},"Saisei CTO John Harper will remain with the company to support the intellectual property merger and continue playing an important role.",[15,62,64],{"id":63},"company-background","Company Background",[11,66,67],{},"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.",[15,69,71],{"id":70},"strategic-vision","Strategic Vision",[11,73,74],{},"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.",{"title":76,"searchDepth":77,"depth":77,"links":78},"",2,[79,80,81,82,83],{"id":17,"depth":77,"text":18},{"id":46,"depth":77,"text":47},{"id":53,"depth":77,"text":54},{"id":63,"depth":77,"text":64},{"id":70,"depth":77,"text":71},"2023-09-19","FirstWave acquires Saisei Networks Inc, adding 50+ clients, 6 engineers, and patented network automation IP to expand its North American presence.","md",{"category":88},"ASX Announcement",true,"\u002Fnews\u002Ffirstwave-acquires-silicon-valleys-saisei-networks-inc",{"title":5,"description":85},"firstwave-acquires-silicon-valleys-saisei-networks-inc","news\u002Ffirstwave-acquires-silicon-valleys-saisei-networks-inc","FkGy1H3dQFrN9ws1eFgecsbyp6hNLJxb61e-CAKIXvg",1782795859386]