Ann: Prophecy and Oracle Partner to Co-Sell Snare and eMite, page-10

First 10 Last

Share
Profile

Follow
edgck

1,677 Posts.

114

18/11/23

22:27

Post #: 70980631
Share

Originally posted by Ruhert: ↑

Oracle has a hosting platform called OCI. It competes against AWS, Azure, Google, etc. From the announcement the partnership provides all Oracle's global sales people and resellers with an ability to now sell both Emite and Snare running on OCI. Emite is a cloud platform and can run on OCI and Snare's Central platform can run on cloud platforms such as OCI too.

I think Snare is exciting because there are thousands of organisations (by regulation) who require Compliance Reporting on all their logs. Check out the fines that companies in Australia have had to pay in just the last 12 months for lack of compliance. For compliance in Australia that would be under Essential8 or GDPR for Europe. What Snare's Central Solution hasn't had is that automated and marketed connection to the Cloud. In other words Snare previously would sell its solution as a software product and would rely on the client to use their cloud platform or on premise hardware and their teams to set it all up, so the connection between data and storage in the cloud became difficult. Smaller organisations would perhaps find this a bit too hard.

What this does now is gives Oracle resellers and account execs an ability to sell Snare on an OCI cloud environment and so the selling becomes easier as the client has all the hardware infrastructure and setup work done in a secure hosted solution. A client needs to store their cyber data for forensics and now Oracle can say YES we have one of those rather than watch existing customers go elsewhere to another provider and also allows new name brands to be signed on. A good example is Microsoft and Sentinel on Azure. I am sure Oracle would love to keep some of those.

The significance about this is that Oracle unlike other cloud platforms aren't just signing up new partners, they are selectively vetting those vendors and allowing those who align with their own goto market ideals. So I take that as not just another new partnership for PRO.

Expand

The latest update mentions an unexpected increase in hosting costs on Oracle Cloud infrastructure and challenges on-boarding customers to OCI.

Prophecy facing a few challenges supporting their offerings on OCI.

Prophecy maybe getting the raw end of the stick from being an Oracle partner.

Seems like a double-edged sword being part of the OPN. Not to mention reduced margins when you involve Oracle as a partner as they want a cut of the sales too.

Last edited by edgck: 18/11/23

PRO Price at posting: 56.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

There are more pages in this discussion • 10 more messages in this thread...

First 10 Last

Add PRO (ASX) to my watchlist

(20min delay)
Last 87.0¢		Change -0.025(2.79%)		Mkt cap ! $64.05M

Open	High	Low	Value	Volume
88.5¢	90.0¢	87.0¢	$78.44K	89.34K

Buyers (Bids)

No.	Vol.	Price($)
2	27189	87.0¢

Sellers (Offers)

Price($)	Vol.	No.
88.5¢	5000	1

View Market Depth

No.	Vol.	Price($)
2	27189	0.870
1	10457	0.865
1	2500	0.860
2	11000	0.850
2	13750	0.800

Price($)	Vol.	No.
0.885	5000	1
0.900	39200	3
0.920	5000	1
0.940	30000	1
0.960	2212	1

Last trade - 15.45pm 25/06/2024 (20 minute delay)

PRO (ASX) Chart

Ann: Prophecy and Oracle Partner to Co-Sell Snare and eMite, page-10

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Prophecy and Oracle Partner to Co-Sell Snare and eMite, page-10

Top Stories

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News