We have several new data points to discuss that are relevant to Stamps.com (STMP). First, monthly data from the United States Postal Service exhibited the first meaningful decline in PC Postage revenue since the start of the pandemic, falling 21% Y/Y in May.
Read MoreIn its quest to become the cloud compliance platform behind every transaction around the globe, Avalara (AVLR) acquired Transaction Tax Resources (TTR), which offers a database of sales and use tax content as well as other enterprise tax automation solutions to over 1,400 enterprise customers.
Read MoreThe summer doldrums are around the corner, but there was still plenty of news across the software industry to digest this week. Although MicroStrategy (MSTR) had previously outlined a new strategic approach to its capital allocation policies, shares rose as the company began to execute against those plans.
Read MoreWith the COVID-19 pandemic prompting organizations to rethink processes for operating virtually, DocuSign (DOCU) sought to accelerate the launch of its next Agreement Cloud product, DocuSign Notary, by acquiring Liveoak Technologies for $38 million in stock.
Read MoreWith results from the last of the March quarter reporters out, it remains clear that most vendors experienced elongating sales cycles in the final weeks of Q1 but have seen activity levels rebound thus far in Q2. That said, few have expressed any great confidence that recent trends will remain intact through the more critical selling period near quarter-end and only a small minority are willing to put forth expectations beyond the current quarter.
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