Copy
FirstWave Cloud Technology Limited - Listing
18-05-2016
FirstWave Cloud Technology Limited (FCT.ASX) will commence trading this Friday 20th May 2016. We are pleased to provide a summary of the business for you below. The broker firm offer closed over-subscribed. A link to the prospectus can be found HERE and the Investor Center HERE.
1. Offer Summary
Wentworth Global Capital Finance Pty Limited (Wentworth) is the Lead Manager to the listing of FirstWave Cloud Technology Limited (FirstWave). Moelis & Company, is a co-manager to the offer.

The offer was oversubscribed, and raised the maximum of A$8.0m, at an issue price of A$0.20 per share. Post raising the market capitalisation will be ~A$36m.

Firstwave is already a trusted and leading provider of carrier grade “cloud security” offering, to more than 350 government and enterprise customers including some of Australia’s largest financial institutions, State and Federal Government, utilities and ASX200 listed and private enterprises. Firstwave represents a proven cloud security service model within a increasing global growth opportunity via Telcos, cloud service and virtual data service providers.

Firstwave, via a contracted relationship with Telstra, offers a highly flexible multi cloud, multi-vendor solution.
Beyond Telstra, Firstwave is currently in discussions with Telcos in Asia, Europe and North America.  Firstwave was founded by participants of the original Telstra Research Labs, and these founders continue to be key employees and significant stakeholders in the Company going forward.  The founders will represent almost 40% of the expanded share register post listing.
Key Documents & Links
2. Key Product – Firstwave Cloud Content Security Gateway (CCSG)
The FirstWave Cloud Content Security Gateway (CCSG) is a virtual multi-tenanted gateway that allows telcos to sell fully featured point security services to enterprise and government customers in Email (SEG), Web (SWG) or Next Generation Firewalls (NGFW) or as a fully featured integrated content security gateway with
rich control and analytics.
  • Built for Cloud
  • Innovative Reference Architecture
  • Machine based learning
  • Established
The CCSG is designed to be security software vendor agnostic, carrier and cloud agnostic, which provides the required flexibility for global participants to optimise each customer’s security.
3. Telstra as a Partner
FirstWave has had a longstanding contracted relationship with Telstra for the delivery of cloud based security solutions. 

In FY16, a new sales engagement model with focused programs on channel enablement specifically targeting enterprise and Government customers and medium size businesses has increased the level and quality of sales activity driving customer growth. Targeted sales programs have been developed for specific enterprise and Government sectors and the early demand for the fore-mentioned products and services reflects significant potential for FirstWave in Australia.

As of 24 March 2016, FirstWave has secured an additional total contract value this financial year of $4.7 million comprising of telco platform licence fees, customised virtual next generation firewall solutions and professional services. The blended average life of these contracts were typical of telco term contracts averaging 22 months.
4. International
Further partner and sales opportunities are being developed outside of Australia by FirstWave. FirstWave is actively engaged with a number of regional telcos and cloud service providers as part of the strategy to expand the Company’s footprint by leveraging existing relationships (and advocates) with global security vendor partners and deploying telco-grade gateways. Over the next 12 months plans include expansion into Asian, European and North American points of presence.
5. Revenue Generation

FirstWave derives long term and project revenue from licences and services:
FirstWave undertakes a number of types of projects including telco and cloud service provider product integration/roll-outs, major customer data centre to cloud transformations and product design on behalf of vendors who want to embed their security solution in the FirstWave CCSG architecture.

Once a customer is set up, long term services and licence fees are payable.
FirstWave - Licencing Fees
FirstWave - Revenue Breakdown
FirstWave - Historical income statements for FY2014, FY2015 and HY2016 and other non IFRS financial disclosures.
6. Capital Structure
7. Key Board Members and Executive
8. Firstwave - Video 
Firstwave - Web Protection - Final - FULL HD
Firstwave - Web Protection
Firstwave - Email Protection
Firstwave - Next Generation Firewall
The Wentworth Securities 

Malcolm Nutt

Director
d: +612 9119 6035
e: mnutt@wentworthgcp.com

Thomas Schoenmaker
Director
d: +612 9119 6036
e: tom@wentworthgcp.com

 
The Wentworth Corporate Finance 

Scott Griffin
Head of Corporate Finance
d: +612 9119 6037
e: scott.griffin@wentworthgcp.com

Ian Gebbie
Director - Corporate Finance
d: +612 9119 6034
e: ian@wentworthgcp.com
Share
Tweet
Forward
Twitter - Wentworth Securities
Twitter - Wentworth Securities
Wentworth Global Capital Partners
Wentworth Global Capital Partners
First Wave Technology Pty Limited Presentation Disclaimer:-

Summary of information: This presentation has been prepared by and contains general and background information about First Wave Technology Pty Limited ACN 098 940 544 (FirstWave) and Crestal Petroleum Limited (Crestal). This presentation has been prepared for information purposes. This presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in Crestal nor does it contain all the information which would be required in a prospectus prepared in accordance with the requirement of the Corporation Act. It should be read  in conjunction with the Prospectus. Crestal and FirstWave are not responsible for providing updated information and assumes no responsibility to do so.

Not financial product advice: This presentation is not a financial product, investment advice or a recommendation to acquire Crestal securities and has been prepared without taking into account the objectives, financial situation or needs of any person or entity. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Crestal and FirstWave are not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Crestal securities. FirstWave and Crestal assume that the recipient is capable of making its own independent assessment, without reliance on this document, of the information and any potential investment and will conduct its own investigation.

Disclaimer: FirstWave and Crestal have made every effort to ensure the accuracy of information contained in this presentation. FirstWave and Crestal and their respective related bodies corporate and each of their respective directors, agents, officers, employees and advisers expressly disclaim, to the maximum extent permitted by law, all liabilities (however caused, including negligence) in respect of, make no representations regarding, and take no responsibility for, any part of this presentation and make no representation or warranty as to the currency, accuracy, reliability or completeness of any information, statements, opinions, conclusions or representations contained in this presentation. In particular, this presentation does not constitute, and shall not be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Crestal or FirstWave.

Future performance: This presentation contain certain ‘forward looking statements’ and opinions. The forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. These statements reflect views only as of the date of this Presentation. The actual results of FirstWave may differ materially from the anticipated results, performance or achievement expressed, project or implied by these forward looking statements. While FirstWave believes that the expectations reflected in the forward looking statements in this Presentation are reasonable, neither FirstWave nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward looking statements in this Presentation will actually occur and you are cautioned not to place undue reliance on those forward looking statements.

Risks: An investment in Crestal securities is subject to investment and other known and unknown risks, some of which are beyond the control of Crestal and FirstWave. You should have regard to the ‘Key Risks’ section of the Prospectus.

Not an offer: This presentation is not, and should not be considered as, an offer or an invitation to acquire securities in Crestal or any other financial products and neither this document nor any of its contents will form the basis of any contract or commitment. 

Sophisticated and professional investor: You represent and warrant that (i) if you are in Australia, you are a person to whom an offer of securities may be made without a disclosure document (as defined in the Corporations Act 2001 (Cth) (“Corporations Act”)) on the basis that you are exempt from the disclosure requirements of Part 6D.2 in accordance with Section 708(8) or 708(11) of the Corporations Act (ii) if you are outside Australia and , you are a person to whom an offer and issue of securities can be made outside Australia without registration, lodgement or approval of a formal disclosure document or other filing in accordance with the laws of that foreign jurisdiction. 

No distribution: Distribution of this information may be restricted by law. Persons who come into possession of this presentation should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

Wentworth Global Capital Partners Disclaimer  - Please read in full

This communication has been issued by Wentworth Global Securities Pty Ltd ("WGS") (ABN: 96 155 409 653)  (AFSL: 422 477). WGS is a wholly owned by Wentworth Global Capital Partners Pty Ltd ACN 155 398 333(“WGCP”).
 
Not research: This communication has been prepared by the at Sales and Trading team within the "Securities Division" of Wentworth Global Capital Partners (WGCP). It is not a research report and is not intended as such. This publication is intended solely for information purposes of WGCP's Wholesale, Sophisticated and Professional Investors as defined by the Corporations Act 2001 (Cth) or the equivalent in each respective Jurisdiction.
 
Because this document has been prepared without consideration of any specific clients investment objectives, financial situation or needs, your financial advisor should be consulted before any investment decision is made.
 
Wentworth Securities does not accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document.

This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Wentworth Securities.
 
This communication is not intended for US recipients and you should not forward this material into the United States or to any U.S. Persons. If you are a U.S. Person you are required to notify us immediately.
 
Although we believe that the information which this document contains is accurate and reliable as at the date of publishing, Wentworth Global Securities Pty Limited have not independently verified information contained in this document which is derived from publicly available sources,
 
Sophisticated investors only: This communication is made to and intended for Wholesale, Sophisticated and Professional Investors only, as defined by the Corporations Act 2001 (Cth) or the equivalent in each respective Jurisdiction.
 
Disclosure of interest. Wentworth Global Capital Partners Pty Ltd (ACN 155 398 333) services are provided by Wentworth Global Securities Pty Ltd ("WGS") (ABN: 96 155 409 653) (Australian Financial Services Licence No: 422477), and Wentworth Global Capital Finance Pty Ltd ("WGCF") (ABN: 11 155 410 843), Corporate Authorised Representative of WGS (AFSL: 422 477).  WGS and WGCF will and has received fees, commissions and brokerage by acting as Corporate Advisor and as Broker for Firstwave. Further, "Wentworth" Directors, and its employees,  hold shares in Firstwave, and may benefit from an increase in the price or value of these shares.
Copyright © 2015 Wentworth Global Capital Partners, All rights reserved.

Our Contact Details are:

Postal: GPO Box 4476 | Sydney | NSW | 2001
P: + 61 2 9119 6030
F:  + 61 2 9119 6038
W:
www.wentworthgcp.com

unsubscribe from this list    update subscription preferences 

 






This email was sent to tom@wentworthgcp.com
why did I get this?    unsubscribe from this list    update subscription preferences
Wentworth Global Capital Partners · GPO Box 4476 · Sydney, New South Wales 2001 · Australia

Email Marketing Powered by MailChimp