Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
FirstWave Cloud Technology ( (AU:FCT) ) has issued an update.
FirstWave Cloud Technology has announced the final testing phase of its AI-powered compliance management feature for Open-AudIT, with a scheduled release to early adopters in September and a global launch in October. This development aims to convert 150,000 free-tier users into paying customers by offering enterprise-grade compliance management through a subscription model. The company’s partnership with AWS facilitates the deployment of this product on the AWS Marketplace, potentially reaching 300,000 monthly active users. This strategic move positions FirstWave to capture a share of the growing Security & Vulnerability Management market, projected to reach USD 24.5 billion by 2030.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company established in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves an estimated 150,000 organizations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 1,018,277
Technical Sentiment Signal: Sell
Current Market Cap: A$23.99M
See more data about FCT stock on TipRanks’ Stock Analysis page.