The Postal Regulatory Commission (PRC) filed an Order Approving Removal of Customized Postage from Mail Classification Schedule, marking the end of the United States Postal Service’s (USPS) customized postage program and Stamps.com’s (STMP) PhotoStamps offering.
Read MoreCoronavirus continued to dominate the headlines, making for another volatile week in the markets. By week’s end, California had enacted a stay-at-home order with several other states expected to follow suit in short order.
Read MoreStamps.com (STMP) stole the show this week as shares basically doubled following the release of the company’s Q4 ’19 results. As noted in our recap, Strong Results and Guidance Remove Major Overhang, the big surprise was management’s outlook for growth in FY ’20 when many, us included, had assumed newly negotiated terms between the United States Postal Service (USPS) and its reseller partners would present a headwind to growth over a multi-year horizon.
Read MoreSharpSpring (SHSP) acquired Marin Software’s (MRIN) Perfect Audience business for $4.6 million in cash. For Marin, the sale enables the company to focus on its enterprise brands across search, social and e-commerce advertising, and reduces Q4 revenue and non-GAAP operating income by $0.5 million and $0.2 million, respectively.
Read MoreWe hope those perusing this week’s review are doing so from the beach or simply taking some time to decompress during the Labor Day weekend. Heading into the unofficial end to summer, Pitney Bowes (PBI) sold its Software Solutions business to privately-held data management solutions provider Syncsort for $700 million in cash, representing a TTM EV/Sales multiple of 2.2x and an EV/EBITDA multiple north of 17x.
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