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OneStream partner achieves new status, continues to empower customers, and provide deep domain expertise around the globe
OneStream Software today announced GBI Consulting has achieved Platinum level implementation partner status. As a Platinum partner, OneStream recognizes GBI’s commitment to align with OneStream’s strategic vision and continue to bring value to shared clients.
OneStream provides a unified, SmartCPMTM platform that simplifies and aligns financial consolidation, planning, reporting, analytics and financial data quality. OneStream eliminates the risk and complexity of data integration, validation and reconciliation between multiple products, applications or modules, and makes non-integrated CPM suites a thing of the past.
“Our organization is extremely proud of this accomplishment. Our dedication to client success and proven track record of delivering world-class OneStream solutions make it an exciting time for our team. We are looking forward to expanding our partnership with OneStream and continue our firms charter of client focused partnerships resulting
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InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Marin Software (NASDAQ:MRIN) stock is part of a rare breed: tech companies that haven’t benefited from the work-from-home trend. Up until last month, MRIN stock was flat on the year and barely had a pulse despite the enthusiasm for most software companies.
Marin’s 2020 is part of a larger trend. In fact, Marin is a monumental fiasco since going public back in 2014. Shares dropped from their original initial public offering price (IPO) of more than $100 per share to just $2 now. That’s a near-total destruction of shareholder’s capital. The decline is fully-warranted based on earnings as well; the company’s revenue dropped by more than half since 2015 and it’s losing tons of money.
A Failed Business Strategy
Accord Partners, an activist fund, took aim at Marin Software earlier this year. They published a broadside
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Software stocks have been among the best performers of 2020, juiced by revenue growth related to stay-at-home measures and lofty expectations for future gains. But a blowup at cloud provider Fastly Inc. served as a stark reminder of how some of those hopes may prove misguided.
Fastly plummeted as much as 31%, its worst session on record, after a revenue warning for the third quarter rebutted a growth narrative that had made the company the fifth-best performer in the Russell 1000 Index this year. While some of the weakness was related to geopolitical tensions and its exposure to TikTok owner ByteDance, Fastly also warned of reduced revenue from other customers.
Fastly’s slowdown highlights the precariousness of lofty software valuations. Massive share plunges are the price paid when these businesses fall short of perfection. Software stocks have been among the year’s leaders, with an S&P index of software makers up more