The global software provider said it expects estimated losses of 46 cents to 56 cents per share on revenues of $5.1 million to $5.8 million.
The revenue shortfall is being blamed on continued slowdowns in the marketplace and lengthened sales cycles.
In a prepared statement, Daleen officials say they remain committed to achieving profitability and taking further actions to streamlining their operations. They hope to reduce expenses with a restructuring effort that will eliminate 52% of their workforce or 200 jobs.
The Atlanta closure and one in Toronto are part of that effort to combat some of the red ink. There is no word on a possible sale for the properties.
Daleen provides software that manages the revenue chain for next-generation service providers for Internet-based systems. Daleen came to the Atlanta area in 1998 and established its facility on Hammond Drive where it employed 150 workers.
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