Joe Marinucci: Good morning, Marvin. Joe speaking, good to have you on the call. Thank you. So the Q2 guides that were given. So just keep in mind, we just closed this acquisition and we’ve just completed the restructuring here in the Q1 period. So, we think we have our arms around this, but we’re trying to be conservative with how these two items converge into the base business over the Q2 period. So, one of the reasons why we’re holding guidance is A, this choppiness in key segments, verticals of our business like property and casualty insurance, and B, we completed a restructuring within the quarter based rounding out today and then C, we’ve close an accretive acquisition which we now own. So these items, they all come together and we want it to be conservative with the guidance.
We certainly think there’s opportunity for us to accelerate growth because of the reasons. We’ve cited in the press releases with the HomeQuote and ClickDealer acquisitions. So, we’re optimistic that we’ll see that acquisition be accretive, as Rick said. But at the same time, we’re trying to be conservative because we’ve only owned it for the better part of a day here. So, the guidance is conservative, the guidance reflects uncertainty and the fact that these things have all just come to pass. We’re looking at the markets. There’s also seasonal adjustment in here in terms of how the business has performed historically. The totality as reflected in the guidance. We’re hopeful that we can exceed the guidance, that’s the point of the guidance.
Marvin Fong: And maybe a bigger picture question about the like ClickDealer HomeQuote acquisition. I mean, being viewed as an entirely entering a new vertical? Are you going to increase the investment in the business? Or do you expect to actually kind of maintain the profitability or even grow the profitability of the business this year? And also just touch on the synergies of any to your existing verticals that you’re involved in, and just the bigger picture question on that? This will be really great to get your color on.
Joe Marinucci: Well, if you look back on prior investment tax, we’ve always been citing international growth is important to DMS, and that just goes back to agility and diversity. So, we’ve been looking at the international markets for quite some time and that specifically has applied to our Brand Direct solutions. And then the term of creative certainly applies, they’ve been operating this business for the better part of a decade. They operate their business with a similar toolset to the toolset we operate with, which is technology data and media reach. And we feel that if you look at our technology, our data, our media reach, and you look at theirs, it’s highly complementary. There’s also very little overlap, hardly any overlap at the customer level.
So just goes back to diversity. And we’re seeing it as accretive, because we believe our media distribution and their media distribution, because of the lack of overlap, and the customer base, can be leveraged to drive accelerated growth. There certainly are some cost savings. But we’re not really focused so much on the cost savings cost savings don’t drive growth. Investment in key areas of the business drives growth, but we’re conscious of cost. So the round turnaround of the term accretive certainly applies. Because it checks the box in a growth area that we’ve been looking at for a while, which is international, we’ve consistently talked about investing in Marketplace solutions, because they create value for both the consumers and advertisers.
