Following months of speculation over Stamps.com’s (STMP) prospects for securing a new strategic partnership to mitigate the loss of incentive fees from the United States Postal Service (USPS), we were excited to see the company highlighted as a preferred partner under UPS’ Digital Access Program. We refer readers to our initial take on the news, “UPS Signs Agreement to Offer Discounted Shipping Rates to Stamps.com’s Customer Base,” for a more detailed discussion of the implications.
Read MoreAfter the close yesterday, UPS unveiled the UPS Digital Access Program, a series of strategic alliances and agreements designed to make its services more broadly available to e-commerce merchants. The press release specifically notes that UPS has signed an agreement with Stamps.com (STMP) to offer discounted shipping rates to customers of ShipStation, ShippingEasy, ShipWorks, Stamps.com and Endicia.
Read MoreIn a prelude to next week’s onslaught of software earnings, Atlassian (TEAM) posted fiscal Q1 ’20 results ahead of expectations. The provider of collaboration software solutions added over 7,000 net new customers in the quarter, increasing the total count by 21% Y/Y to nearly 160,000 customers and fueling revenue growth of 36% Y/Y.
Read MoreAmong 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.
Read MoreWe attended BoxWorks 2019, Box’s (BOX) annual customer conference, and an investor breakout session held in conjunction with the event on Thursday, October 3. Both the conference and the investor session were well attended, which was not especially surprising given that Box boasts over 95,000 customers, including 69% of the Fortune 500, and hosted the event in San Francisco.
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