It's some time ago since we looked at French data integration platform company Talend (TLND). We still have a simple investment thesis though:
- Data integration and integrity are increasing in importance and hence offer a good market opportunity for the company.
- Talend seems well positioned versus competitors.
- The company is experiencing only a modest impact from the pandemic.
- Headline growth figures understate the growth of the company which is in the midst of a shift to the cloud.
- Valuation isn't excessive at all.
The shares have suffered with the pandemic, although they have