Firstwave Cloud Technology

Firstwave Cloud Technology


Launch date
Employees
Market cap
€24.1m
Enterprise valuation
€24m (Public information from Sep 2024)
Sydney New South Wales (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
AUD201820192020202120222023
Revenues--8.3m8.0m9.4m12.5m
% growth---(3 %)17 %34 %
EBITDA--(14.9m)(13.3m)(12.6m)(<1m)
% EBITDA margin--(180 %)(166 %)(135 %)(6 %)
Profit--(13.8m)(10.6m)(13.5m)(13.4m)
% profit margin--(167 %)(133 %)(144 %)(108 %)
EV / revenue--6.4x5.0x7.3x5.0x
EV / EBITDA---3.6x-3.0x-5.4x-79.1x
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DateInvestorsAmountRound
N/A

N/A

IPO
N/A

$6.6m

Post IPO Equity
*

AUD2.5m

Post IPO Convertible
Total Funding-

Recent News about Firstwave Cloud Technology

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More about Firstwave Cloud Technology
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FirstWave Cloud Technology was born in the early 2000’s to address the burgeoning cloud security needs in the market. We delivered our first managed Security as a Service (SaaS) solutions in 2004 in a form similar to what we call “cloud” today. The journey started with a significant focus and investment in research and development with a vision to build a secure, highly accessible, and intelligent portal to quickly adapt to the ever-changing threat landscapes. Being driven by innovation and technology as the core of the company's DNA, we aim to move security services from physical appliances at customer locations to the cloud. Our clientele includes some of Australia’s largest financial institutions, state & federal government, utilities, ASX listed, and private companies in the mining and retail sectors. We have a current headcount of over 50 people in Australia primarily engaged in sales, marketing, cloud services delivery, product design, research, and development. We endeavour to expand our services to more geographies through our managed IT security services and prevent major threats to their infrastructure & businesses.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Firstwave Cloud Technology

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Saisei
ACQUISITION by Firstwave Cloud Technology Sep 2023