And let me just give you a little bit of context what’s going on there. We continue to deal with inflation, it’s a factor of the environment that we’ve got the investments and the technology we’ve mentioned a few times. We also have the function of the divestiture. And once we divest those assets, there will be some stranded costs that are corporate in nature that will come back to the corporate cost center. And so all those things equally look like we are kind of staying flat, which we know is not where we need to be. So I’ll just reiterate that this remains a major focus area for us. Getting cost out of the corporate segment is one of the most strategic factors for us as we get into the year and look to over deliver our results and overdrive our internal plan.
And so I would just advise you to kind of model it as this 9% roughly or $200 million for now. But know that’s major focus of ours. And we think we can make progress as the year goes on to try to bring this spend down.
Lance Vitanza: Thanks guys, appreciate it. Congrats on the solid quarter.
Operator: Your next question comes from the line of Charlie Strauzer from CJS Securities. Your line is open.
Charles Strauzer: Hi, good morning. I’d like to talk a little bit about the divestiture yesterday in the hosting business. And if you look at the sale earlier in the year of the Australian piece, it seems that the sale — kind of the all-in sale price was below where this business was bought back in May of 2008. And seems the price tag is a little bit low, but wondering there what transpired in terms of what potential kind of shopping kind of a go shop, if you will, in that process?
Barry C. McCarthy: So Charlie, you’re right. The company acquired those assets before quite a while ago. But you’ll recall that in 2019, we had fully impaired between 2019 and early 2020, we fully impaired the asset entirely because the market for that business had changed so materially. And as we look to the future, really recognize that those businesses, web hosting really weren’t a fit and a match with becoming a payments and data company. And we went to market looking for suitable buyers, a very robust process, a very robust process. And we came out with what we think is a fair transaction. And it avoids for us the ongoing need to put significant capital into the business in a business with secular declines and a much better fit for the acquirer because they’re in that, that’s their core business.
And they have leverage and scale from adding our portfolio to their business, something we just — it was a profile and an opportunity we didn’t have. And so we took the opportunity to divest that. We think it will be very focusing for the company. You heard us say that we’re changing the name of this segment from cloud because it was a distributed set of assets. And now it’s very, very focused on our data business, which is what we’ve been saying is the jewel in that business for some time. And we think that makes it much more clear, and we think it’s a good outcome.
Charles Strauzer: Got it. And then staying on the topic of divestitures, are you planning to potentially invest more businesses going forward here or are we kind of at the tail end of that process?
Barry C. McCarthy: We will continue to look at the portfolio for pruning opportunities. But Charlie, if the question really is, are you going to look to us to lap off one of the four legs check, promo, data or payments, I think we’re at the place where we feel confident that that’s not on the horizon here.
