Opmantek Announces Acquisition Offer from FirstWave, Valued at $44M USD

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SAN FRANCISCO–(BUSINESS WIRE)–Opmantek Software, one of the world’s leading providers of automated network management software, today announced that it has received an acquisition offer from FirstWave Cloud Technology, a global cybersecurity company listed on the Australian Securities Exchange (ASX:FCT). The all-scrip offer values Opmantek at approximately $62M AUD (roughly $44M USD) and will see Opmantek shareholders hold 42% of FirstWave’s issued share capital on completion.

Caribbean News Global Logo Opmantek Announces Acquisition Offer from FirstWave, Valued at $44M USD

FirstWave Executive Chairman, John Grant, said: “Rarely do you find two companies that fit together as perfectly as FirstWave and Opmantek. In a case of the whole being greater than the sum of its parts, both companies bring highly complementary business models, product offerings and geographic footprints.”

The proposed acquisition by FirstWave Cloud Technology will enable the integration of Opmantek’s software into CyberCision, FirstWave’s world-first Open Security Management platform. CyberCision enables Service providers anywhere to deliver valuable, cutting-edge cyber security service to their customer base. The combination significantly expands the growth potential of both companies by providing truly global reach, new channels to market, an expanded product portfolio and significant operational, strategic and financial benefits.

Danny Maher, Executive Chairman of Opmantek and recipient of the Australian CEO of the Year award in 2015, commented: “We’re thrilled by the opportunity to join an ASX listed business and help take our software to new heights.” Following the transaction, Maher will serve as Managing Director of the combined entity.

Opmantek is one of the world’s leading providers of automated network management software to enterprise, telecommunications and MSP organizations. Founded in Australia and with staff worldwide, Opmantek has achieved significant milestones on the global stage, including recently securing Microsoft and NASA as customers. Through their industry leading technology Opmantek will provide in-depth monitoring and alarming for all of Microsoft’s devices, with the supply of services to NASA to help alongside the Artemis program which will land the first woman and first person of color on to the moon.

“The combination significantly expands the growth potential of both companies by providing truly global reach, an expanded product portfolio and material operational, strategic and financial benefits,” Grant added.

“The acquisition by FirstWave will enable the integration of Opmantek’s software onto FirstWave’s CyberCision Open Security Management Platform and create an end-to-end solution for network discovery, management and cybersecurity that is globally unique. I will be joining as FirstWave’s CEO and am excited by a belief that we have an incredible opportunity to be the automated network and security management platform of choice for MSPs globally,” Maher said.

Opmantek Software is well known for its ability to scale, replace or consolidate older systems and its flexibility to deliver network visibility and automation regardless of the size, location and type of hardware and software infrastructure. It’s validated by managed service providers (MSPs), telecommunications companies, internet service providers (ISPs) worldwide and any operation where monitoring the IT network is critical to successful operations.

Request a demonstration of Opmantek Software or talk to a network engineer about your specific network management, automation or audit requirements at opmantek.com/request-a-demo/.

About Opmantek:

Opmantek is an industry-leading software company operating in the field of Intelligent Network Management, Network Process Automation and IT Audit. Opmantek software manages some of the world’s most complex IT environments, including some of the world’s largest telecommunications carriers and Managed Service Providers. Learn more about Opmantek at www.opmantek.com.

About FirstWave:

FirstWave, a leading Australian global cybersecurity technology company, has delivered cybersecurity-as-a-service solutions since 2004, in line with its mission to democratise enterprise-grade cybersecurity-as-a-service for the SMB market. In an increasingly connected and vulnerable digital world, FirstWave believes that safe business is good business and that every business should have access to enterprise-grade cybersecurity. https://www.firstwavecloud.com/

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Contacts

Christina Alvarez

Mulberry Marketing Communications

708-908-0898

calvarez@mulberrymc.com