Posts tagged ALTR
K. Liu's Week in Review

Coronavirus was top of mind this week as fears of a pandemic reverberated across markets. Thus far, the software industry remains relatively unaffected from a business standpoint with the vast majority of reporting companies citing minimal end market exposure and no impact on sales cycles to date.

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K. Liu's Week in Review

Among several M&A transactions this week, Asure Software’s (ASUR) divestiture of its Workspace Management business to FM:Systems for $120 million in cash, representing a TTM EV/Sales multiple of 4.3x was most notable given the market’s positive reaction. The sale frees the company to focus on its Human Capital Management (HCM) solutions, which span payroll, time and attendance, and consulting services and generated revenues of $71.6 million over the past 12 months.

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K. Liu's Week in Review

Earlier this week, members of the Universal Postal Union (UPU) approved a proposal, known as “Option V,” enabling certain member countries to self-declare rates for the delivery of inbound international bulky letters and packets beginning July 1, 2020. The decision was significant as the U.S. will now remain a member of the UPU after threatening to pull out a year ago.

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K. Liu's Week in Review

After an on-again, off-again courtship, Broadcom (AVGO) and Symantec (SYMC) finally sealed the deal, albeit on a more limited basis than first rumored. Rather than acquiring the company outright, Broadcom will acquire Symantec’s Enterprise Security assets, including the Symantec brand, for $10.7 billion in cash.

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