FirstWave extends Secure Internet Gateway agreement with Telstra

FirstWave Cloud Technology has extended its agreement with Telstra for the provision of Information Security Manual (ISM)-compliant CyberCision software and services to several Federal Government agencies.

The extension of FirstWave’s Secure Internet Gateway (SIG) agreement with Telstra will begin in July 2025, with an additional one-year option.

The agreement provides access to FirstWave’s ISM-compliant email security platform that is designed to meet the security standards set by the Australian Cyber Security Centre (ACSC) and is offered as part of the CyberCision platform.

CyberCision helps service providers sell, set up, and provide security services from one place, allowing them to create cybersecurity packages, including services like multi-tenanting, billing, and setup.

The SIG Agreement is one of several historically interrelated agreements with Telstra that have been renegotiated following Telstra’s previously disclosed decision to close the GPA and CSX2 web and email platforms last year.

Following the closure of the CSX2 platforms, a Product and Services Agreement (PSA) with Telstra was no longer required.

While FirstWave has previously advised this agreement would expire on June 30, 2025, it has now been extended for a further two months with the additional (not material) revenue expected to be received in the new (FY26) financial year.

FirstWave continues to have an arrangement with Telstra to provide a Telstra-branded CyberCision instance running on Amazon AWS infrastructure that enables the resale of FirstWave products by Telstra under a Telstra brand.

The ending of the PSA agreement and the new SIG agreement means that the total value of services provided to Telstra under these agreements in FY26 will be approximately $0.6M, compared to $1.75M in FY25 which is in line with management expectations

The company's ASX release announcing the news said that while the Telstra relationship remains important, "over recent years FirstWave has diversified its revenue streams and is no longer as reliant on Telstra as it has historically been".

Earlier this month, FirstWave struck a partnership with Amazon Web Services and Corent Technology that will see its IT compliance and network management software deployed on the AWS Marketplace.

FirstWave's software, including its AI-driven IT compliance solutions, will be available for deployment, provisioning, and billing through AWS infrastructure.