Prophecy International Holdings (ASX:PRO) expects to increase its revenue with the acquisition of software company eMite Pty Ltd for $4 million in cash and 6.3 million PRO shares.
Along with the growth of its SNARE software, combined new 2016 revenue is expected to be $20 million with profit before tax of $8.2 million, about double the current expected 2015 result of $9.8 million revenue and $4 million profit before tax.
The eMite product set provides a service intelligence platform which combines analytics, correlations, capacity, performance, availability and SLA management in a single out of the box solution.
Its software can aggregate from any data source, provide multiple service modules for both business and IT and deliver it all via a fantastic end user driven presentation layer.
Its acquisition provides Prophecy with a coherent bolt-on opportunity that will immediately deepen its data management and analytics domain presence.
To assist with funding this transaction, the company has completed a placement of 2.3 million shares with institutions new to Prophecy to raise $2.5 million.
Its new SNARE sales have exceeded 170% growth against the last full financial year.
New SNARE sales are expected to continue to grow in FY2016.
News: Prophecy International Holdings to grow revenue with acquisition
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
0.020(5.00%) |
Mkt cap ! $30.97M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 38.0¢ | $104.0K | 253.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2700 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 18613 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| PRO (ASX) Chart |