Australia, October 13, 2020 – Prophecy International has been named a finalist in the Cybersecurity category for the 2020 Australian Technologies Competition, recognizing excellence, innovation, and global scalability of the company’s Snare Solutions product – a leading centralized log management solution deployed by over 4,000 companies across the world.
Organised by Impact Tech Ventures (ITV) and supported by the Department of Industry, Science, Energy & Resources, and the Industry Growth Centres, the Australian Technologies Competition recognizes Australian technology ‘scaleups’ with the greatest global potential.
Now in its 10th year, the annual Competition brings experienced entrepreneurs, business builders, angel investors, venture capital funds, commercialisation experts, leading corporates and government representatives together with founders, in a collaborative coaching environment. The program has a strong focus on equipping founders with the skills and contacts to develop and manage high growth companies in challenging international markets.
This year, Prophecy International’s cybersecurity solution Snare has been recognized in the Cybersecurity category.
Snare is a scalable platform of cyber solutions including centralized log management, security analytics and SIEM designed to enable customers to detect and mitigate cyber threats and maintain regulatory compliance.
Originally designed for defense and military purposes by Australian defense personnel, Snare has become the secure log management solution of choice for various branches of the military and the major defense contractors in Asia Pacific, North America, and EMEA. Today, Snare is deployed by over 4,000 companies across the world for log collection and log management, and the solutions has become a critical component for security teams charged with preventing cyber-attacks, data breaches, and costly compliance fines.
Winners will be announced at an online event hosted the 20th of October.
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About Prophecy International
Prophecy International (ASX:PRO) – a Stock Exchange-listed company – is known internationally for innovative software. Prophecy International designs & develop software and brings those solutions to the world through our global business partner channel in each of our territories – in America, Europe, Middle East, Africa and Asia/Pacific.
About Snare Solutions
Snare Solutions (a Prophecy International, LLC brand, ASX:PRO) is a centralized logging solution that pairs well with any SIEM or Security Analytics platform. Snare helps companies around the world improve their log collection, management and analysis with dependable tools that save time, save money & reduce risk. Learn more at snaresolutions.com.
