What Etherstack does

Etherstack Plc is a UK-incorporated, ASX-listed (ASX:ESK) wireless communications software company that develops and licenses proprietary radio and network soft switching technology to telecommunications providers, public safety agencies, defence forces, and civilian government departments globally. Its core product portfolio consists of radio and network soft switching software, defence communications software, and public safety wireless communications solutions, all delivered as licensed software rather than hardware. The company was founded in 2000 and is led by founder and CEO David Deacon, with operations spanning the United Kingdom, Australia, and Japan via a strategic partnership with Icom Incorporated.

Etherstack operates a sales-led, enterprise and government go-to-market model. Revenue is generated primarily through software licensing royalties and multi-year government software supply contracts, with recent wins including a £14.2 million UK Home Office contract over an initial five-year term and an A$2.5 million Australian defence contract. Pricing is not publicly disclosed and is negotiated contract-by-contract with sovereign and tier-1 buyers. The company guides FY25 expected revenue of $9.6M–$10.1M and has 51–100 employees. A strategic US$2.5 million, four-year funding agreement with Icom Incorporated (which holds an equity conversion option) and a planned AUD 6.1 million placement provide growth capital. Stock performance has been a notable signal, with shares tripling year-to-date to a near five-year high as contract wins have been disclosed.

Name

Etherstack

Legal name

Etherstack Plc

Website

https://etherstack.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Etherstack Plc is a UK-incorporated, ASX-listed software company that develops and licenses proprietary radio and network soft switching technology for telecommunications providers, public safety agencies, defence forces, and government departments worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Chippendale

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licensing: Etherstack generates revenue by developing and licensing radio and network soft switching software to telecommunications providers and public safety agencies. The company earns licensing fees from its proprietary software technology.
2. Government Software Contracts: Etherstack secures multi-year software supply contracts with government agencies, such as the UK Home Office contract valued at £14.2 million with an initial term of five years. These contracts provide recurring revenue from software deployments and support.

Go-to-market motion2 records

Distribution channels2 records

Core offering

Etherstack develops and licenses proprietary radio and network soft switching software for wireless communications systems. Its software is licensed to global telecommunications providers, public safety agencies, and defence organisations to enable reliable, mission-critical wireless communications. The company also delivers tailored defence and public safety communications software under multi-year government supply contracts.

Product overview

Etherstack is a UK-based wireless technology company that develops and licenses radio and network soft switching software for global telecommunications and public safety agencies. The company's product portfolio centers on its core communications software offerings, which include radio and network soft switching software, defence communications software, and public safety wireless communications solutions. Etherstack operates as a licensing model, providing its software to government agencies including defence contracts with Australia and the UK Home Office.

Differentiator

Problem solved

Functional benefit

Products and services

• Radio and Network Soft Switching Software Proprietary radio and network soft switching software licensed to global telecommunications providers and public safety agencies for wireless communication systems. Enables soft-switching capabilities in mission-critical wireless networks.
• Defence Communications Software Communications software solutions developed for defence applications, including secure wireless communications software delivered under government defence contracts such as the A$2.5 million Australian defence contract.
• Public Safety Wireless Communications Software Wireless technology software licensed to public safety agencies globally to support mission-critical communications for emergency response and public safety operations.

Quantifiable outcome

• Expected FY25 revenues of $9.6 million to $10.1 million
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/etherstack

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Etherstack