Cloud security solutions provider FirstWave Cloud Technology is to receive a $1 million investment from Cisco for the expansion of its cyber security technology lab in Sydney.
The ASX-listed company announced both companies are co-investing in the lab's expansion and upgrade, which will include construction of an additional staging and testing environment.
Cisco's investment will be put towards the supply of all the equipment and supporting software required for the expanded capability.
"This will significantly shorten and enhance our speed to market with new product innovations and Cisco’s agreement to fund the additional infrastructure and software shows a real commitment to our partnership," FirstWave CTO Simon Ryan said.
The decision to expand the cyber security laboratory is a response to "ever-increasing global threats that continue to plague corporations globally".
The expansion will enable FirstWave to accelerate existing and planned product development and enhance pre-deployment high-scale testing, the company said in a statement.
"This investment by our technology partner Cisco comes just after the excitement of our first win in the market under the OEM Agreement with Cisco and it adds real weight to our relationship," FirstWave CEO David Kirton said.
"We are very pleased to have Cisco as our technology partner and we are happy to be able to enhance our partnership through this crucial laboratory capability expansion."
Last year, the company also secured an OEM licensing arrangement with Cisco, offering Cisco customers access to FirstWave’s cloud service orchestration platform for email, firewall and web security.
Most recently, FirstWave announced it was targeting managed services providers and managed security services providers to white-label its cloud orchestration engine.