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FirstWave Cuts $1.6M Costs to Monetise AI Compliance for 150,000 Users

10:21am on Monday 8th of September, 2025 AEST Technology
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FirstWave Cuts $1.6M Costs to Monetise AI Compliance for 150,000 Users

10:21am on Monday 8th of September, 2025 AEST
Key Points
  • Annualised cost savings of $1.6 million from October 2024
  • Employee costs halved to approximately $5.58 million per annum
  • Operations streamlined into four core divisions
  • Focus on monetising 150,000 free Open-AudIT users with AI compliance product
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