Fantastic announcement - great initial traction - this...

Fantastic announcement - great initial traction - this partnership IMHO will deliver a lot more moving forward



Highlights:

• First Devo customers have successfully deployed Snare and have commenced billing, thereby
contributing to ARR and revenue
• 27 customers are currently in the process of deployment, with an estimated average annual
subscription value of $38K per customer
• Devo and Prophecy plan to migrate all existing and new Devo customers to Snare
• Successful migration of all of Devo’s existing customers to Snare would result in a potential
increase in ARR of more than $5 million
• $1 million of new ARR is expected to be added to Prophecy via the Devo partnership by mid CY24