DLA Piper advises Prophecy on its merger with AI software developer Complexica

Global law firm DLA Piper has advised ASX-listed cybersecurity and big data analytics software company Prophecy International Holdings Limited (ASX: PRO) on its all-scrip merger with Complexica Pty Ltd, a leading provider of AI software for supply chain optimisation

Pending shareholder approval, Prophecy has agreed to acquire 100% of the issued shares of Complexica in consideration for the issue of 47.5 million securities to Complexica shareholders and optionholders. Completion is expected in late October 2025.

This transaction combines Prophecy’s strengths in cybersecurity, data integration, analytics and visualisation with Complexica’s AI platforms and decision engines to create an the first of its kind ASX-listed ‘AI pure play’ software company specialising in the development and delivery of AI software.

The DLA Piper team was led by corporate partners David Ryan and Kelly Morrison and supported by special counsel Rosa Sayer and solicitor Donna Kwon.

David Ryan commented: “The proposed merger marks a pivotal step forward for Prophecy. It brings together their longstanding reputation for delivering enterprise-grade solutions to top-tier clients with Complexica’s cutting-edge AI capabilities. This strategic transaction also establishes a first-of-its-kind, AI-first platform on the ASX - setting a new benchmark for innovation in the enterprise technology sector”.