Prophecy signs US health insurer Humana, the largest SaaS customer in the company’s history
/in ASX Announcements, NewsASX Preliminary final report for the year ended 30 June 2021 Lodged with the ASX
/in NewsASX preliminary final report for the year ended 30 June 2021 Lodged with the ASX under listing Rule 4.3A.
Prophecy International and Snare Solutions Included in 2021 Australian Defence Sales Catalogue
/in NewsThe fifth edition of the Australian Defence Sales Catalogue showcases Australia’s leading-edge products, technologies and services available for export
Adelaide, Australia | May 11, 2021 – Prophecy International (ASX:PRO), has today announced the acceptance of the company’s flagship cybersecurity solution Snare into the 2021 Australian Defence Sales Catalogue. Produced by Australian Military Sales (AMS), the Australian Defence Sales Catalogue showcases selected products and services from Australian defence industry and Australian Defence Force (ADF) surplus equipment available for sale under government-to-government arrangements.
The role of AMS is to support Australian sovereign capability and military sales programs through the planning and execution of international government-to-government transfer of:
- Australian Defence Organisation materiel
- Australian-origin sensitive technology
- Products and services of Australian defence industry
Selection for the catalogue by AMS means that Snare’s log management solutions – originally designed for Australian defence and military purposes by defense personnel – passed strict requirements by the Australian Defence Organisation and will join 214 Australian defence industry companies with world-leading products and services available for sale under government-to-government arrangements.
Snare’s centralized log management, threat detection, and analytics solution is used across the defence and military market in Australia, USA, UK, and in the Middle East.
“Prophecy is proud that the sovereign cyber capability of Snare has been recognized by the Australian Defence Export Office and we are proud to be exporting Australian innovation to the world”, CEO Brad Thomas said.
The fifth edition of The Catalogue was released by the Minister for Defence Industry, the Hon Melissa Price on 7 May 2021.
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About Prophecy International Holdings Limited
Prophecy International Holdings Limited is a listed Australian company (ASX:PRO) that has been operating globally since the 1980s. More recently the focus at Prophecy has been on growing the eMite and Snare lines of business. eMite service intelligence platform combines analytics, correlation, capacity, and performance, availability, and SLA management into a single, out of the box solution to provide customers with real time insight. The Snare product suite is a highly scalable platform of security products designed to find, filter and forward event log data. Snare log sources include Windows, flat files, databases, Linux, Mac, and Solaris with coverage for desktops and servers.
Prophecy operates globally from Adelaide and Sydney in Australia, London in the United Kingdom and in Denver, USA.
Visit httpshttps://www.prophecyinternational.com/://www.prophecyinternational.com
Prophecy International CEO Brad Thomas Accepted into Forbes Technology Council
/in NewsForbes Technology Council Is an Invitation-Only Community for World-Class CIOs, CTOs, and Technology Executives
Denver, CO – Brad Thomas, CEO of the Australian-based software development company Prophecy International (ASX:PRO), has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.
Thomas was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.
“We are honored to welcome Brad Thomas into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”
As an accepted member of the Council, Brad has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Brad will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.
Finally, Brad Thomas will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.
“This is an exciting opportunity to have an impact on a world stage by collaborating and sharing knowledge with other leaders. I look forward to working with other members to advance both cyber security and customer experience. As a cyber vendor with over 4000 customers it’s great to be able to share our knowledge and help other around the globe and to further advance Prophecy as a leader in these areas.”, Thomas said.
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ABOUT FORBES COUNCILS
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.
For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.
ABOUT PROPHECY INTERNATIONAL
Prophecy International Holdings Limited is a listed Australian company (ASX:PRO) that has been operating globally since the 1980s. More recently the focus at Prophecy has been on growing the eMite and Snare lines of business. eMite service intelligence platform combines analytics, correlation, capacity, and performance, availability, and SLA management into a single, out of the box solution to provide customers with real time insight. The Snare product suite is a highly scalable platform of security products designed to find, filter and forward event log data. Snare log sources include Windows, flat files, databases, Linux, Mac, and Solaris with coverage for desktops and servers.
Prophecy operates globally from Adelaide and Sydney in Australia, London in the United Kingdom and in Denver, USA. Visit https://www.prophecyinternational.com
Prophecy International 2020 Annual General Meeting
/in NewsProphecy International (ASX:PRO) will hold the company’s annual general meeting virtually on the 4th of December at 11:00 am (Adelaide time).
The annual presentation is highlighted by +13.5% revenue growth, new product launches for the company’s two brands eMite and Snare, as well as increased sales resources in the United States and United Kingdom.
Prophecy announces increases in new sales for both Snare and eMite
/in NewsSales contracts higher despite COVID-19 slowdown
Snare and eMite sales increase over last FY
- Full year revenue expected to be approximately $14.0M
- Snare new business sales increase 12.6%
- eMite new business sales increase by 13%
- Annualised value of eMite active contracts now $4.37M in Annual Recurring Revenue (ARR)
- Total new business sales of $9.85M up 12.7% over last year
Prophecy International announced today that despite the challenging global economy in H2 as a result of the COVID-19 Pandemic sales results for the group have been strong and have increased year over year.
Full year total revenues are expected to be approximately $14.0M up from $12.1M last year or growth of approximately 15%.
Snare sales achieved 624 new sales contracts in FY20 with an average value of $10,947. Previous financial year average was $8,648 – a 26.5% increase in average sale size. Total new business sales (excluding renewals) increased from $6.061M to $6.830M.
Sales transaction size was improved due to several MSSP partners selling Snare into larger accounts and gaining a great footprint in those accounts as well as the direct sales team selling the entire product suite more effectively in FY20.
The majority of Snare sales were perpetual license sales that are recognised as revenue at the time of the sale although we have seen an increase in subscription licenses as these are being introduced into the Snare product suite.
The Americas was again the predominant market for Snare sales with 77.0% of new business coming from the US. EMEA contributed 13.3% with APAC contributing the remaining 9.7%.
Our best Snare customers continue to come from large enterprise and government segment including Metlife, Chicago Mercantile Exchange, QBE, Principal Financial, Raytheon and the Metropolitan Police in the UK.
eMite sales continue to be strong and we have experienced good growth in sales into the Amazon Connect customer base.
A total of 79 new subscription customers were added in FY20 with 59 of these coming from Genesys and 20 coming from Amazon Connect. The Genesys average deal size increased to $26,590 up from $18,870 in FY19.
Genesys customers accounted for sales contracts totaling $1.56M in year 1 and based on expected usage the Amazon Connect sales are expected to generate annual revenues of $1.46M when fully deployed.
Combined these sales total $3.03M up from $2.67M last financial year. Although it should be noted that Amazon Connect sales generally do not have committed volumes and are purely usage based.
55.2% of eMite sales came from the Americas, 24.80% from APAC and 20% from EMEA.
Significant sales closed through Genesys included 1800 Flowers, Dyson/AT&T, Edelman Financial and Philip Morris. Amazon Connect customers that bought eMite in the last year included Goldman Sachs, NAB, Telstra, LA Sanitation, Johnson & Johnson and Fidelity Investments.
eMite sales are almost exclusively subscription licenses and revenue is recognized as the service is provided on a monthly basis. This means that some of the sales contracts from last year have not had a full impact on the revenue at a P&L level this year.
Annualised Recurring Revenue (ARR) of current accounts for eMite totals $4.37M (including Amazon Connect accounts based on estimated usage of $1.46M) going into the new year.
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Contact Us
APAC: 61 8 8213 1200
AMERICAS: (303) 771-2666
EMEA: 61 8 8213 1200
ABN: 39 057 833 584
AMERICAS: (303) 771-2666
EMEA: 61 8 8213 1200
ABN: 39 057 833 584