SEGOverview2022AnnualSaaSReportwww.softwareequity.com2Copyright©2022bySEGCapitalAdvisors,LLC.AllRightsReservedwww.softwareequity.comDisclaimer:TheinformationcontainedinthisReportisobtainedfromsourcesthatSEGCapitalAdvisorsLLC(“SEG”)believestobereliable.However,SEGmakesnorepresentationsorwarranties,expressorimplied,abouttheaccuracy,completenessorfairnessofsuchinformation,ortheopinionsexpressedherein.NothinginthisReportisintendedtobearecommendationofaspecificsecurityorcompanyorintendedtoconstituteanoffertobuyorsell,orthesolicitationofanoffertobuyorsell,anysecurity.Anypersonorentityreviewingthisreport(a)shouldconductitsowndiligenceandreachitsownconclusionsregardingitsbusinesstransactions,(b)shouldnotrelyuponanyconclusionsreachedbySEG,and(c)shouldconsultitsownadvisorsregardingitstax,accounting,financial,and/orbusinessdecisions.SEGoritsaffiliatesmayhaveaninterestinoneormoreofthesecuritiesorcompaniesdiscussedherein.Financialdatawasprovidedby451M&AKnowledgeBaseandYCharts.ThisReportmaynotbereproducedinwholeorinpartwithouttheexpressedpriorwrittenauthorizationofSEGoroneofitsaffiliates.3Copyright©2022bySEGCapitalAdvisors,LLC.AllRightsReservedwww.softwareequity.com4ReportDefinitions5BriefSEGOverview10SaaSPublicMarketUpdate26SaaSM&AMarketUpdate39AppendixTableofContents4Copyright©2022bySEGCapitalAdvisors,LLC.AllRightsReservedwww.softwareequity.comSaaSPrimarilyofferssolutionsviathecloudandmayhaveasubscriptionortransaction-basedpricingmodelEVEnterpriseValueTTMTrailingTwelveMonthsYOYYear-Over-YearQOQQuarter-Over-QuarterReportDefinitions2022AnnualSaaSReportBriefSEGOverview6Copyright©2022bySEGCapitalAdvisors,LLC.AllRightsReservedwww.softwareequity.comSoftwareEquityGroupOverviewUnmatchedExpertise|ExtraordinaryResults30+YearsofExperienceBillionsinAggregateTransactionValue1,000sofBuyerRelationships▪SoftwareEquityGroup(SEG)providesunparalleledM&AadvisoryservicesforemergingandestablishedB2Bsoftwarecompanies▪Exclusivefocusonsell-sideadvisoryservicesfor30+years▪Servicesinclude:▪S...