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.
Read MoreOn the deal front this week, Akamai Technologies (AKAM) acquired KryptCo’s multifactor authentication technology for an undisclosed price. Targeted at enterprises, the technology is resistant to phishing and offers a simplified user experience that does not require the entering of pin codes.
Read MoreM&A moved to the fore this week with a couple of high value transactions and several smaller tuck-in deals. Ahead of its Investor Day this week, simulation software provider ANSYS (ANSS) agreed to acquire Livermore Software Technology Corporation (“LSTC”) for $775 million in cash and stock, representing an EV/Sales multiple of 12.4x based on the midpoint of expected contribution in 2020.
Read MoreDespite the short week post-Labor Day, there was much to absorb with a slew of companies reporting results, a number of notable acquisitions, and a couple of secondary offerings in the mix.
Read MoreWe are initiating coverage of QAD (QADA) with a $51.00 price target, representing a FY ’21 EV/Sales multiple of 2.5x. QAD is a vertically-focused application software provider in the midst of a transition to the cloud.
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