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FirstWave Cloud Technology ( (AU:FCT) ) has shared an announcement.
FirstWave Cloud Technology has secured a two-year AI-powered compliance management software subscription contract with Banobras, Mexico’s state-owned national development bank, following a competitive tender. The USD250,000 deal, running from April 2026 to March 2028, is delivered as software with no incremental delivery costs, generating 100% gross margin for FirstWave.
The Banobras win marks the company’s first significant public sector reference for its AI-driven compliance strategy built around Open-AudIT 6 and related modules. It is also the first major deal through channel partner OmniPrinter, linked to conglomerate Grupo Salinas, providing a strategic foothold in the Mexican market and a platform to pursue further opportunities in a compliance-focused environment.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company founded in 2004 that provides enterprise-grade, AI-powered network management, automation, audit and cybersecurity solutions. Its software is used by more than 150,000 organisations in 178 countries, serving major clients such as Telmex, Telstra, Claro and NASA, and has been expanded through the acquisitions of Opmantek and Saisei Networks.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.38M
See more insights into FCT stock on TipRanks’ Stock Analysis page.