Prophecy international PRO

[NZSilver]

This software company has two products, emite which is used to manage and optimise call centers - as digitisation occurs of call centers this is becoming a necessary and important part. They also have a product called snare which is a security logging software - contracts with the likes of UK armed forces. Prophecy was originally a company that had a suite of many different products that it had built and purchased over the years. Over the last few years it has consolidated these in too the above two products and begun converting over to the saas model. They are still going through this process so it is hard to get a clean reading in the numbers as clients fall off the legacy purchase to subscription model, but it's starting to look really good. Last quarter was cf+ve abd they significantly grew ARR (annual reoccurring revenue). They also have very solid re-sale agreements in place and a large competitor has had some trouble. I've bought some as the next few years could be exceptional and is trading on less than 3xARR at the moment. It should post a profit next year.