Prophecy wins US deal for basis2

Prophecy wins US deal for basis2

Business software developer Prophecy International (ASX:PRO) has won a contract to supply its basis2 revenue management software to a US state department.

The Arizona Department of Environmental Quality will use basis2 to manage the fees it collects for services including recycling, storage tank provision and clean-ups.

Prophecy recently signed a deal to supply basis2 for the Texas Commission of Environmental Quality, which was named as a significant factor in the selection decision by its Arizona counterpart.

The Oracle-based basis2 is used by organisations in Australia, Asia, the UK, the Middle East and the USA.

Chairman Ed Reynolds said that as a result of the recent wins, “Prophecy International is seeing interest from several revenue management organisations seeking to maximise revenues from operations with a new solution.”

PRO shares climbed 3.85% during Wednesday's trading as a result of the announcement.

Prophecy's posted a 90.2% slide in FY10 profit to $333,000, blaming much lower than expected revenue due to project delays.

But at the time, the company said it expected an implementation for Egypt's new Holding Company for Water and Waste to generate further basis2 sales in the Middle East, on top of the growth in the US.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags softwareProphecy Internationalbusiness dealsASX:PRO

More about OracleProphecyProphecy International

Show Comments