Tech: One of Britain’s largest tech sellers will now offer FirstWave’s cloud security tech
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FirstWave Cloud Technology (ASX: FCT) has won technology super-aggregator Digital WholeSale Solutions (DWS) as a sales partner in Britain and shares have jumped 13 per cent.
FirstWave sells a cyber security platform for cloud content aimed at telcos and cyber-security service providers. DWS will offer FirstWave’s platform to its client base – which consists of 2200 tech resellers.
Until May, DWS was known as the Daisy Group but merged its operations under the one brand. It wants to be a one-stop shop for IT solutions.
FirstWave shares declined last quarter but have begun to rise again on this morning’s announcement. Shares rose as high as 23 per cent at market open but settled at 13 per cent higher at 11am.
Water treatment stock Phoslock Environmental Technology (ASX:PET) received a $1.3 million order for Phoslock to use in state-run Florida projects. Phoslock aims to remove phosphorous from wetlands because it encourages the growth of algae. While the specific projects remained confidential, the company declared previous test results had been outstanding and this order re-endorsed its technology.
It’s nearly been 2 months since Samantha Cobb left AdAlta (ASX:1AD), the company she founded and served for 12 years, but a replacement has now been found. Tim Oldman, who is currently director at drug delivery firm Acrux (ASX:ACR), will join the company from Monday. His two-decade career in business development and life sciences strategy includes stints as CEO of life sciences companies Cell Therapies and Hospira. Additionally he has been an engagement manager at McKinsey & Co.
WPP subsidiary MUV has extended its contract with Adveritas (ASX:AV1) to provide its anti-ad fraud platform TrafficGuard to its clients – which include Amazon and Shell. Traffic Guard detects, mitigates and reports on ad fraud before it hits digital advertising budgets. The contract is now 3 months longer and has gone from US$2000 per month to US$10,000 ($14,500).