We met with CFO Tony Pritchett at Agilysys’ (AGYS) headquarters in Alpharetta, GA last week. The meeting was introductory in nature and focused on the company’s evolution, product portfolio, go to market initiatives and recent financial results.
Read MoreM&A activity slowed somewhat, but this week still saw two notable transactions. Palo Alto Networks (PANW) announced plans to acquire Demisto, a leader in security orchestration, automation and response solutions, for $560MM in a cash and stock deal.
Read MoreStamps.com (STMP) finished FY ’18 with a flourish, comfortably exceeding our estimates and consensus top to bottom. The feeling of awe quickly gave way to shock, however, as management’s FY ’19 guidance reflected expectations for a revenue decline along with adjusted EBITDA at roughly half the levels we were projecting.
Read MoreStamps.com (STMP) reports Q4 ’18 results on Thursday, February 21, after the market closes.
Read MoreAnother week, another big acquisition. Following last week’s announced take-private of Ultimate Software (ULTI), this week saw the sale of Ellie Mae (ELLI) to Thoma Bravo for an equity value of $3.7B, representing TTM EV/Sales and EV/EBITDA multiples of 6.9x and 27.2x, respectively.
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