FirstWave Cloud Technology (FirstWave) announced that Macquarie Cloud Services (Macquarie), part of the Macquarie Telecom Group, has committed to a 5-year deal for the provision of network monitoring and intelligence software, and associated implementation and training services. 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 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. Macquarie's commitment also reflects FirstWave's strategy to broaden and deepen its relationships with major suppliers of device monitoring and cybersecurity services in the Australian market.