PRO

1.11%

89.0¢ prophecy international holdings limited

The latest update mentions an unexpected increase in hosting...

First 10 Last

Share
Profile

Follow
edgck

1,676 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

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 89.0¢		Change -0.010(1.11%)		Mkt cap ! $65.52M

Open	High	Low	Value	Volume
89.0¢	89.0¢	89.0¢	$11.34K	12.75K

Buyers (Bids)

No.	Vol.	Price($)
2	37840	88.0¢

Sellers (Offers)

Price($)	Vol.	No.
90.0¢	19500	2

View Market Depth

No.	Vol.	Price($)
1	2840	0.880
1	11082	0.865
1	10000	0.850
1	2469	0.810
2	13750	0.800

Price($)	Vol.	No.
0.900	19500	2
0.905	3677	1
0.910	27360	1
0.920	5000	1
0.930	20000	1

Last trade - 16.10pm 14/06/2024 (20 minute delay)

PRO (ASX) Chart

The latest update mentions an unexpected increase in hosting...

Featured News

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Lightning spots additional pegmatites during first Brazilian visit

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Triangle gets approval for Perth Basin carbon sequestration project

Dominos looks tasty and tempting, but could be too spicy and even dicey

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Buyers (Bids)

Sellers (Offers)

Featured News

The latest update mentions an unexpected increase in hosting...

Featured News

Top Stories

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Lightning spots additional pegmatites during first Brazilian visit

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Triangle gets approval for Perth Basin carbon sequestration project

Dominos looks tasty and tempting, but could be too spicy and even dicey

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Buyers (Bids)

Sellers (Offers)

Featured News