Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC. BRAIN DRAIN LEADERS BRAIN CONCENTRATION LEADERS Sources: Bloomberg; Denver Post; Built In Colorado 250 204 200 Financial 150 131 98 23% 96 80 100 49 47 32 45 50 13 - - Strategic 77%

Amount TEV/ Date Target Buyer(s) Segment TEV/ EBITDA ($ in Mil) Rev 12/24/2018 MINDBODY, Inc. Vista Equity Partners Management LLC Financial Technology 1,674 - - 11/12/2018 athenahealth, Inc. Elliott Management Corp.; Veritas Capital Healthcare IT 5,442 4.15x 16.19x 11/11/2018 Qualtrics International, Inc. SAPFund SE Management LLC; Evergreen Coast Enterprise 7,992 21.11x - 11/11/2018 Apptio, Inc. Vista Equity Partners Management LLC Enterprise Software 1,586 - -

11/6/2018 ConvergeOne Holdings, Inc. CVC Advisers Ltd. Infrastructure/Hosting 1,671 1.52x 18.88x 10/28/2018 Red Hat, Inc. International Business Machines Corp. Other SaaS 32,332 - - 10/15/2018 SendGrid, Inc. Twilio, Inc. Marketing Software 1,568 11.43x - 10/10/2018 Imperva, Inc. Thoma Bravo LLC IT Security 1,671 - - 9/24/2018 Pandora Media, Inc. Sirius XM Holdings, Inc. Other SaaS 3,063 1.73x - 9/20/2018 Marketo, Inc. Adobe Systems, Inc. Marketing Software 4,750 - - 8/23/2018 Resideo Technologies, Inc. Shareholders Other SaaS 3,534 0.74x 6.15x 7/22/2018 Syntel, Inc. ATOS SE IT Services 3,542 3.67x 13.49x 7/11/2018 CA, Inc. Broadcom, Inc. Enterprise Software 18,202 4.39x 12.58x Strategic Buyer Inv. Date Select Corporate Acquisitions Accenture Plc 12/20/2018 ▪Knowledgent Group, Inc. 11/5/2018 ▪Intrigo Systems, Inc. 10/21/2018 ▪DAZ Systems, Inc. 8/9/2018 ▪Pillar Technology Group LLC NuMSP LLC 11/27/2018 ▪Swift Systems, Inc. 10/29/2018 ▪Network Medics, Inc. 9/25/2018 ▪Aperio IT 8/27/2018 ▪Info-Link Technologies, Inc. Oracle Corp. 11/15/2018 ▪Talari Networks, Inc. 10/22/2018 ▪DataFox Intelligence, Inc. 10/17/2018 ▪goBalto, Inc. 5/16/2018 ▪DataScience, Inc. Corporation 11/14/2018 ▪XOXCO, Inc. 11/10/2018 ▪InXile Entertainment, Inc. 11/10/2018 ▪Obsidian Entertainment, Inc. 9/13/2018 ▪Lobe Artificial Intelligence, Inc. Hexagon AB 8/2/2018 ▪Guardvant, Inc. 6/2/2018 ▪AutonomouStuff LLC 3/15/2018 ▪AGTEK Development Co., Inc. 1/22/2018 ▪Plant Design Solutions, Inc.

Financial Buyer Inv. Date Select Corporate Investments TA Associates Management LP 12/18/2018 ▪LANSA, Inc. 12/10/2018 ▪Netsmart Technologies, Inc. 11/1/2018 ▪Assembla, Inc. 10/4/2018 ▪Excel4apps, Inc. 9/26/2018 ▪RightScale, Inc. 8/6/2018 ▪Cirrus Group LLC (MI) Vista Equity Partners Management LLC 12/24/2018 ▪MINDBODY, Inc. 12/11/2018 ▪7Park Data, Inc. 12/3/2018 ▪Marketing G2 LLC 11/29/2018 ▪Wrike, Inc. 11/11/2018 ▪Apptio, Inc. 10/16/2018 ▪Social Tables, Inc. Thoma Bravo LLC 11/30/2018 ▪PEC Safety Operations LLC 11/12/2018 ▪Nuance Document Imaging, Inc. 11/05/2018 ▪Veracode, Inc. 10/10/2018 ▪Imperva, Inc. 9/4/2018 ▪Apttus Corp. Insight Venture Management LLC 12/6/2018 ▪Tripping International, Inc. 11/26/2018 ▪Interfolio, Inc. 10/3/2018 ▪Gradescope, Inc. 10/2/2018 ▪Actively Learn, Inc. 9/5/2018 ▪RapidFire Tools, Inc. 7/26/2018 ▪DesertMicro, Inc. 25%

20%

15%

10%

5%

0%

-5%

-10%

-15%

-20%

Enterprise Software Other SaaS Data Analytics IT Services IT Security Hosting Tech Conglomerates S&P 500

25%

20%

15%

10%

5%

0%

-5%

-10%

-15%

Financial Technology Supply Chain Software Human Capital Management Marketing Software Healthcare IT Hosting Data Center S&P 500 Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Microsoft Corp. MSFT-US $ 779,805 $ 101.57 18.7% 18.7% 87.4% 14.2% 43.8% 6.3x 15.3x 5.6x 12.9x Oracle Corp. ORCL-US 162,040 45.15 (4.5%) (4.5%) 84.4% 0.6% 41.8% 4.3x 10.1x 4.5x 9.7x SAP SE SAP-US 122,081 99.55 (11.4%) (11.4%) 78.3% 6.1% 26.4% 4.4x 15.7x 4.0x 12.4x Adobe Systems, Inc. ADBE-US 110,435 226.24 29.1% 29.1% 81.5% 25.0% 33.6% 12.4x 36.4x 10.0x 22.9x Intuit, Inc. INTU-US 51,089 196.85 24.8% 24.8% 84.9% 13.2% 4.6% 8.2x 28.1x 7.4x 20.3x , Inc. DBX-US 3,432 20.43 NA NM 47.0% 21.2% 10.2% 5.6x NM 4.6x 18.7x Anaplan, Inc. PLAN-US 3,317 26.54 NA NM 89.4% 35.3% (54.1%) 13.5x NM 2.9x NM Yext, Inc. YEXT-US 1,498 14.85 23.4% 23.4% 54.6% 36.8% (39.2%) 6.5x NM 4.7x NM 13.4% 13.4% 75.9% 19.1% 8.4% 7.7x 21.1x 5.5x 16.2x 21.1% 21.1% 83.0% 17.7% 18.3% 6.4x 15.7x 4.7x 15.8x

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Visa, Inc. V-US $ 290,452 $ 131.94 15.7% 15.7% 87.1% 14.0% 65.8% 14.6x 21.2x 13.5x 19.0x Mastercard, Inc. MA-US 192,599 188.65 24.6% 24.6% 83.7% 16.5% 61.9% 13.3x 22.5x 11.5x 19.0x American Express Co. AXP-US 81,428 95.32 (4.0%) (4.0%) 83.2% 11.7% 33.7% 2.6x 7.5x 2.5x NM Fidelity National Information Services, Inc. FIS-US 33,584 102.55 9.0% 9.0% 92.5% (2.5%) 38.7% 4.9x 13.4x 4.9x 12.7x Fiserv, Inc. FISV-US 29,284 73.49 12.1% 12.1% 88.8% 6.7% 35.0% 5.9x 16.7x 5.6x 14.9x MSCI, Inc. MSCI-US 12,979 147.43 16.5% 16.5% 80.0% 9.9% 54.6% 10.1x 18.7x 9.5x 17.2x Jack Henry & Associates, Inc. JKHY-US 9,780 126.52 8.2% 8.2% 77.3% 4.5% 36.2% 6.2x 17.3x 5.9x 17.3x The Western Union Co. WU-US 7,554 17.06 (10.3%) (10.3%) 76.8% 2.9% 26.4% 1.8x 7.1x 1.8x 7.1x Black Knight, Inc. BKI-US 6,732 45.06 2.1% 2.1% 79.8% 9.4% 44.1% 7.4x 16.5x 6.7x 13.5x Envestnet, Inc. ENV-US 2,249 49.19 (1.3%) (1.3%) 75.9% 14.7% 11.4% 3.3x 28.2x 2.9x 14.6x Q2 Holdings, Inc. QTWO-US 2,149 49.55 34.5% 34.5% 73.8% 35.6% (2.9%) 9.0x NM 6.6x NM Bottomline Technologies, Inc. EPAY-US 2,068 48.00 38.4% 38.4% 64.8% 10.3% 10.7% 5.2x 40.7x 4.3x 17.5x 12.1% 12.1% 80.3% 11.1% 34.6% 7.0x 19.1x 6.3x 15.3x 10.5% 10.5% 79.9% 10.1% 35.6% 6.0x 17.3x 5.8x 16.1x

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Manhattan Associates, Inc. MANH-US $ 2,770 $ 42.37 (14.5%) (14.5%) 67.9% 0.9% 26.9% 4.8x 17.6x 4.8x 21.0x Avalara, Inc. AVLR-US 2,072 31.15 NA NM 52.4% NM (17.4%) 9.1x NM 6.1x NM SPS Commerce, Inc. SPSC-US 1,455 82.38 69.5% 69.5% 81.8% 13.4% 35.8% 5.2x 19.9x 4.6x 20.4x American Software, Inc. AMSWA-US 304 10.45 (10.1%) (10.1%) 55.2% 5.4% 12.3% 2.1x 15.5x 2.0x 13.4x 15.0% 15.0% 64.3% 6.6% 14.4% (10.1%) (10.1%) 61.5% 5.4% 19.6%

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Paychex, Inc. PAYX-US $ 23,395 $ 65.15 (4.3%) (4.3%) 85.7% 9.1% 40.1% 6.6x 16.0x 6.0x 14.4x Workday, Inc. WDAY-US 24,112 159.68 56.9% 56.9% 92.5% 31.4% (13.4%) 13.1x NM 10.0x NM The Ultimate Software Group, Inc. ULTI-US 7,657 244.87 12.2% 12.2% 73.7% 25.2% 10.8% 6.9x NM 5.6x 23.2x Paycom Software, Inc. PAYC-US 7,069 122.45 52.4% 52.4% 74.6% 31.0% 33.3% 13.2x 39.8x 10.2x 24.6x Paylocity Holding Corp. PCTY-US 3,179 60.21 27.7% 27.7% 68.1% 26.6% 11.9% 7.8x NM 6.5x 22.5x Cornerstone OnDemand, Inc. CSOD-US 2,956 50.43 42.7% 42.7% 85.2% 6.6% 7.3% 5.4x NM 5.0x 22.2x Benefitfocus, Inc. BNFT-US 1,461 45.72 69.3% 69.3% 82.5% 9.4% (7.2%) 6.1x NM 5.2x NM 36.7% 36.7% 80.3% 19.9% 11.8% 42.7% 42.7% 82.5% 25.2% 10.8% Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA ServiceNow, Inc. NOW-US $ 31,924 $ 178.05 36.6% 36.6% 86.3% 36.9% 7.1% 12.8x NM 9.9x 35.9x Atlassian Corp. Plc TEAM-US 9,865 88.98 95.5% 95.5% 90.6% 41.0% 6.4% 21.6x NM 15.0x NM DocuSign, Inc. DOCU-US 6,623 40.08 NA NM 58.6% 30.1% (26.1%) 9.2x NM 7.2x NM Guidewire Software, Inc. GWRE-US 6,501 80.23 8.0% 8.0% 74.4% 5.6% 5.8% 7.8x NM 7.5x 39.1x Zendesk, Inc. ZEN-US 6,248 58.37 72.5% 72.5% 80.2% 41.7% (15.5%) 11.4x NM 8.0x NM RingCentral, Inc. RNG-US 5,654 82.44 70.3% 70.3% 84.0% 31.6% (0.8%) 10.2x NM 7.7x NM , Inc. SNAP-US 5,399 5.51 (62.3%) (62.3%) 26.0% 41.4% (90.4%) 5.3x NM 3.8x NM RealPage, Inc. RP-US 4,526 48.19 8.8% 8.8% 72.7% 20.8% 19.6% 5.7x 29.9x 4.9x 17.1x LogMeIn, Inc. LOGM-US 4,173 81.57 (28.8%) (28.8%) 60.5% 7.3% 31.9% 3.6x 11.7x 3.4x 9.1x Five9, Inc. FIVN-US 2,570 43.72 75.7% 75.7% 88.3% 22.5% 5.6% 10.4x NM 8.4x NM Alarm.com Holdings, Inc. ALRM-US 2,490 51.87 37.4% 37.4% 86.2% 10.3% (9.1%) 6.1x NM 5.5x 23.7x Upwork, Inc. UPWK-US 1,925 18.11 NA NM 77.1% NM (3.2%) 9.9x NM 6.7x NM MINDBODY, Inc. MB-US 1,657 36.40 19.5% 19.5% 80.0% 29.7% (13.1%) 7.3x NM 5.6x NM Ebix, Inc. EBIX-US 1,331 42.56 (46.3%) (46.3%) 47.8% 28.7% 32.4% 4.0x 9.9x 3.1x 9.6x Instructure, Inc. INST-US 1,315 37.51 13.3% 13.3% 76.3% 32.0% (16.2%) 5.8x NM 4.4x NM Workiva, Inc. WK-US 1,225 35.89 67.7% 67.7% 87.9% 18.9% (15.7%) 6.4x NM 5.4x NM Eventbrite, Inc. EB-US 320 27.81 #N/A NM 69.1% NM (5.8%) 8.3x NM 0.9x 7.1x #N/A 26.3% 73.3% 26.6% (5.1%) #N/A 28.0% 77.1% 29.7% (3.2%)

Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA .com, inc. CRM-US $ 104,782 $ 136.97 34.0% 34.0% 85.0% 26.0% 10.3% 8.4x NM 6.9x 30.0x HubSpot, Inc. HUBS-US 4,933 125.73 42.2% 42.2% 77.5% 33.3% (6.9%) 9.8x NM 7.3x NM Cardlytics, Inc. CDLX-US 232 10.83 NM NM 38.3% 38.0% (22.8%) 1.5x NM 1.0x NM ChannelAdvisor Corp. ECOM-US 310 11.35 26.1% 26.1% 72.6% 7.4% (2.1%) 2.0x NM 1.9x 24.6x 34.1% 34.1% 68.4% 26.2% (5.4%) 34.0% 34.0% 75.1% 29.7% (4.5%)

Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Cerner Corp. CERN-US $ 17,278 $ 52.44 (22.2%) (22.2%) 71.4% 9.3% 27.5% 3.2x 11.6x 2.9x 10.0x Veeva Systems, Inc. VEEV-US 11,177 89.32 61.6% 61.6% 81.9% 23.8% 29.6% 14.6x NM 12.8x 36.0x athenahealth, Inc. ATHN-US 5,433 131.93 (0.8%) (0.8%) 80.5% 11.9% 23.5% 4.1x 16.0x 3.7x 12.9x Medidata Solutions, Inc. MDSO-US 4,125 67.42 6.4% 6.4% 75.9% 22.8% 14.1% 6.6x NM 5.4x 21.7x HMS Holdings Corp. HMSY-US 2,360 28.13 66.0% 66.0% 73.7% 8.8% 25.8% 4.2x 17.1x 3.9x 15.0x Allscripts Healthcare Solutions, Inc. MDRX-US 1,684 9.64 (33.7%) (33.7%) 59.8% 7.7% 13.7% 1.9x 17.9x 1.7x 8.9x Inovalon Holdings, Inc. INOV-US 1,018 14.18 (5.5%) (5.5%) 93.3% 24.7% 30.4% 6.0x 28.5x 4.7x 14.5x Quality Systems, Inc. QSII-US 980 15.15 11.6% 11.6% 63.8% 3.7% 35.2% 1.8x 14.1x 1.8x 11.8x 10.4% 10.4% 75.0% 14.1% 25.0% 2.8% 2.8% 74.8% 10.6% 26.6% Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA , Inc. SPLK-US $ 15,495 $ 104.85 26.6% 26.6% 80.7% 32.2% (7.5%) 9.0x NM 6.7x NM Tableau Software, Inc. DATA-US 8,586 120.00 73.4% 73.4% 91.0% 23.4% (1.1%) 8.5x NM 6.8x NM Teradata Corp. TDC-US 4,534 38.36 (0.3%) (0.3%) 86.7% (2.2%) 10.1% 1.9x 18.9x 2.0x 11.0x Pegasystems, Inc. PEGA-US 3,764 47.83 1.4% 1.4% 70.4% 11.8% (3.4%) 4.1x NM 3.8x NM Verint Systems, Inc. VRNT-US 2,762 42.31 1.1% 1.1% 80.7% 8.5% 18.9% 2.6x 15.8x 2.4x 9.8x Alteryx, Inc. AYX-US 2,238 59.47 135.3% 135.3% 88.2% 48.8% 0.6% 19.2x NM 12.8x NM Cloudera, Inc. CLDR-US 1,698 11.06 (33.1%) (33.1%) 49.3% 22.0% (20.0%) 3.0x NM 2.4x NM Pivotal Software, Inc. PVTL-US 1,421 16.35 NA NM 52.3% 28.6% (18.7%) 5.8x NM 4.4x NM Elastic NV ESTC-US 5,073 71.48 NA NM 85.3% 50.4% (32.3%) 22.5x NM 8.9x NM Hortonworks, Inc. HDP-US 1,215 14.42 (28.3%) (28.3%) 55.0% 28.2% (33.7%) 3.4x NM 2.6x 26.7x MicroStrategy, Inc. MSTR-US 1,205 127.75 (2.7%) (2.7%) 84.5% 1.7% 5.6% 1.5x 23.2x 1.5x 18.3x PROS Holdings, Inc. PRO-US 1,167 31.40 18.7% 18.7% 76.4% 18.6% (17.7%) 6.0x NM 4.8x NM 19.2% 19.2% 75.0% 22.7% (8.3%) 1.3% 1.3% 80.7% 22.7% (5.4%)

Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Accenture Plc ACN $ 89,887 $ 141.01 (7.9%) (7.9%) 80.3% 3.6% 17.3% 2.0x 12.4x 2.0x 12.0x Cognizant Technology Solutions Corp. CTSH-US 36,757 63.48 (10.6%) (10.6%) 74.6% 9.9% 21.2% 2.1x 10.4x 1.9x 8.5x Leidos Holdings, Inc. LDOS-US 7,895 52.72 (18.4%) (18.4%) 72.9% 5.5% 10.5% 1.0x 10.2x 1.0x 9.5x Booz Allen Hamilton Holding Corp. BAH-US 6,415 45.07 18.2% 18.2% 85.2% 9.9% 9.9% 1.2x 12.6x 1.1x 11.4x EPAM Systems, Inc. EPAM-US 6,266 116.01 8.0% 8.0% 80.5% 28.9% 16.1% 3.2x 22.1x 2.7x 14.1x SolarWinds Corp. SWI-US 4,287 13.83 NA NM 72.6% 14.1% 50.1% 11.9x 26.4x 7.3x 15.0x InterXion Holding NV INXN-US 3,878 54.16 (8.1%) (8.1%) 78.5% 21.3% 42.2% 7.8x 19.5x 6.8x 14.6x CACI International, Inc. CACI-US 3,579 144.03 8.8% 8.8% 71.7% 8.2% 10.3% 1.0x 10.3x 1.0x 10.1x ManTech International Corp. MANT-US 1,388 52.30 4.2% 4.2% 76.8% 9.2% 8.6% 1.1x 12.9x 1.0x 11.2x Virtusa Corp. VRTU-US 1,274 42.59 (3.4%) (3.4%) 72.7% 18.4% 7.5% 1.3x 18.1x 1.1x 11.5x Presidio, Inc. PSDO-US 1,074 13.05 (31.9%) (31.9%) 66.1% 1.8% 8.0% 0.7x 9.8x 0.8x 9.5x Unisys Corp. UIS-US 593 11.63 42.7% 42.7% 55.5% 1.5% 13.9% 0.3x 1.6x 0.3x 1.9x The Hackett Group, Inc. HCKT-US 473 16.01 1.9% 1.9% 70.1% 3.2% 13.5% 1.6x 11.9x 1.7x 9.8x 0.3% 0.3% 73.7% 10.4% 17.6% (0.7%) (0.7%) 72.9% 9.2% 13.5%

Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Cisco Systems, Inc. CSCO-US $ 194,810 $ 43.33 13.1% 13.1% 87.6% 3.9% 33.5% 3.5x 11.3x 3.5x 9.9x VeriSign, Inc. VRSN-US 17,926 148.29 29.6% 29.6% 83.9% 5.6% 67.8% 15.4x 23.2x 14.7x 20.6x Palo Alto Networks, Inc. PANW-US 17,871 188.35 30.0% 30.0% 78.6% 25.0% 6.3% 6.7x NM 5.3x 19.7x Check Point Software Technologies Ltd. CHKP-US 16,035 102.65 (0.9%) (0.9%) 85.0% 4.9% 49.1% 7.5x 15.0x 7.3x 13.8x Symantec Corp. SYMC-US 12,072 18.90 (32.7%) (32.7%) 63.6% 3.2% 26.5% 3.1x 12.0x 3.0x 7.5x Fortinet, Inc. FTNT-US 11,999 70.43 61.2% 61.2% 74.6% 19.9% 22.1% 6.1x 33.3x 5.2x 20.5x Zscaler, Inc. ZS-US 4,793 39.21 NA NM 81.3% 42.9% (3.3%) 21.0x NM 14.4x NM Proofpoint, Inc. PFPT-US 4,580 83.81 (5.6%) (5.6%) 64.3% 32.1% (3.9%) 6.6x NM 4.8x 30.3x FireEye, Inc. FEYE-US 3,194 16.21 14.2% 14.2% 78.7% 12.7% (6.9%) 3.7x NM 3.3x 25.7x Qualys, Inc. QLYS-US 2,943 74.74 25.9% 25.9% 76.0% 23.6% 35.0% 9.8x 35.4x 8.5x 22.1x CyberArk Software Ltd. CYBR-US 2,674 74.14 79.1% 79.1% 88.0% 24.8% 13.5% 7.3x NM 6.1x 24.1x Tenable Holdings, Inc. TENB-US 2,065 22.19 NA NM 56.3% 36.3% (28.1%) 7.3x NM 4.1x NM Mimecast Ltd. (Jersey) MIME-US 2,020 33.63 17.3% 17.3% 71.8% 30.5% 8.5% 6.8x NM 5.3x 30.6x Imperva, Inc. IMPV-US 1,973 55.69 40.3% 40.3% 96.6% 11.4% 3.1% 4.7x NM 4.3x 31.4x Varonis Systems, Inc. VRNS-US 1,559 52.90 9.0% 9.0% 63.7% 23.3% (8.9%) 5.5x NM 4.4x NM Rapid7, Inc. RPD-US 1,475 31.16 67.0% 67.0% 79.1% 24.6% (13.9%) 5.9x NM 4.7x NM 24.8% 24.8% 76.8% 20.3% 12.5% 21.6% 21.6% 78.6% 23.4% 7.4% Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Equinix, Inc. EQIX-US $ 28,342 $ 352.56 (22.2%) (22.2%) 76.4% 11.6% 44.3% 7.8x 17.7x 7.0x 14.4x Digital Realty Trust, Inc. DLR-US 21,979 106.55 (6.5%) (6.5%) 85.2% 11.9% 55.9% 11.1x 19.5x 9.9x 16.6x GoDaddy, Inc. GDDY-US 10,973 65.62 30.5% 30.5% 77.2% 16.1% 38.3% 4.9x 15.3x 4.5x 17.4x Akamai Technologies, Inc. AKAM-US 9,948 61.08 (6.1%) (6.1%) 73.5% 9.2% 33.5% 3.6x 12.1x 3.4x 8.3x CoreSite Realty Corp. COR-US 3,201 87.23 (23.4%) (23.4%) 74.0% 11.2% 50.8% 8.2x 15.7x 7.3x 13.4x QTS Realty Trust, Inc. QTS-US 1,890 37.05 (31.6%) (31.6%) 67.7% 4.6% 45.4% 7.8x 17.1x 7.4x 14.1x Extreme Networks, Inc. EXTR-US 722 6.10 (51.3%) (51.3%) 39.2% 2.8% 5.1% 0.8x 10.9x 0.7x 6.2x Switch, Inc. (Nevada) SWCH-US 365 7.00 (61.5%) (61.5%) 38.2% 11.5% 40.4% 3.6x 16.3x 3.2x 6.5x (21.5%) (21.5%) 66.4% 9.8% 39.2% (22.8%) (22.8%) 73.8% 11.3% 42.3%

Market Stats Operating Stats LTM Multiples NTM Multiples

Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA Growth Revenue EBITDA Apple, Inc. AAPL-US $ 748,539 $ 157.74 (6.8%) (6.8%) 67.6% 5.4% 29.3% 3.0x 9.9x 3.0x 9.8x .com, Inc. AMZN-US 734,417 1,501.97 28.4% 28.4% 73.2% 26.4% 13.4% 3.4x 29.5x 2.8x 18.1x Alphabet, Inc. GOOGL-US 674,478 1,044.96 (0.8%) (0.8%) 80.9% 24.8% 31.4% 4.8x 15.7x 3.9x 10.6x Facebook, Inc. FB-US 314,939 131.09 (25.7%) (25.7%) 60.0% 32.0% 50.2% 6.5x 11.8x 5.0x 9.7x International Business Machines Corp. IBM-US 103,303 113.67 (25.9%) (25.9%) 66.4% (1.2%) 22.7% 1.7x 8.1x 1.7x 7.0x (6.2%) (6.2%) 69.6% 17.5% 29.4% (6.8%) (6.8%) 67.6% 24.8% 29.3% Source: GF Data®

Source: GF Data®          Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 12/31/2018 Z Option, Inc. Audax ; Magnitude Software, Inc. Enterprise Software - - - 12/31/2018 Apeiron Systems, Inc. KonaTel, Inc. Enterprise Software 2.76 - - 12/29/2018 ITneer, Inc. Surana Associates, Inc. IT Services - - - 12/28/2018 Innovative Power Systems, Inc. (Data Center Innovative Power LLC Infrastructure/Hosting 2.50 - - Power Business) 12/24/2018 MINDBODY, Inc. Vista Equity Partners Management LLC Financial Technology 1,674.45 - - 12/23/2018 Walklikekungfu, Inc. Solderworks LLC IT Services - - - 12/22/2018 On-Net Surveillance Systems, Inc. Battery Ventures; Qognify, Inc. IT Security - - - 12/21/2018 Valuepenguin, Inc. LendingTree, Inc. Financial Technology 105.00 8.40x 11.67x 12/21/2018 Hyrell Online Hiring Systems Benetrends, Inc. Other SaaS - - - 12/21/2018 CMIT Solutions, Inc. Craftsman Capital Partners LLC IT Services - - - 12/20/2018 BuildingConnected, Inc. Autodesk, Inc. Other SaaS 275.00 - - 12/20/2018 Parallels, Inc. Corp.; Vector Capital Management LP Infrastructure/Hosting - - - 12/20/2018 Software Services Group, Inc. (Building Services SVTTechnology Solutions IT Services - - - Division) 12/20/2018 RegEd, Inc. Gryphon Investors, Inc. Other SaaS - - - 12/20/2018 Knowledgent Group, Inc. Accenture Plc Data & Analytics - - - 12/20/2018 Whitechapel Holdings, Inc. Dakshidin Corp. Financial Technology - - - 12/19/2018 CovalentWorks LP SPS Commerce, Inc. Enterprise Software 23.00 - - 12/19/2018 InterpIX Expense Management Serko Ltd. IT Services 2.08 - - 12/19/2018 Telesis I.T. LLC BitFrontier Capital Holdings, Inc. IT Services - - - 12/19/2018 IMSWorkX, Inc. Redcom Laboratories, Inc. Other SaaS - - - 12/19/2018 Spigit, Inc. Planview, Inc.; Thoma Bravo LLC Enterprise Software - - - 12/19/2018 Homecare Software Solutions LLC Cressey & Co. LP Financial Technology - - - 12/18/2018 ISM Connect LLC (Smart Retail Suite) Smith Micro Software, Inc. Enterprise Software 9.80 - - 12/18/2018 eBrevia, Inc. Donnelley Financial Solutions, Inc. Other SaaS 23.50 - - 12/18/2018 Orbis Education Services LLC Grand Canyon Education, Inc. Healthcare IT 362.50 - - 12/18/2018 KBH Business Management Systems Groundworks LLC Enterprise Software - - - 12/18/2018 Boundless Spatial, Inc. Draper Fisher Jurvetson Management LLC; Planet Labs, Inc.; Enterprise Software - - - IFC Asset Management Co. LLC 12/18/2018 Maverick AI, Inc. OutboundWorks, Inc. IT Services - - - 12/18/2018 LANSA, Inc. TA Associates Management LP; IDERA, Inc. Enterprise Software - - - 12/18/2018 YOU Technology LLC Inmar, Inc. Other SaaS - - - 12/18/2018 Perigon Solutions Ltd. Great Hill Partners LP; Ikon Science Ltd. Data & Analytics - - - 12/18/2018 PokitDok, Inc. Change Healthcare, Inc. Healthcare IT - - - 12/18/2018 Black Pixel LLC Beringer Capital; Green Park & Golf Ventures LLC; Hypergiant IT Services - - - LLC 12/17/2018 ForeSee Results, Inc. Verint Systems, Inc. Enterprise Software 64.90 - - 12/17/2018 DocuLynx, Inc. DRS Imaging Services LLC; The HiGro Group LLC Infrastructure/Hosting - - - 12/17/2018 Apacheta Corp. Brightree LLC Enterprise Software - - - 12/17/2018 Influans, Inc. Ogury Ltd. Marketing Software - - - 12/17/2018 Merge Design + Interactive, Inc. Keystone Capital, Inc. IT Services - - - 12/17/2018 SARS Software Products, Inc. Valsoft Corp. IT Services - - - 12/13/2018 ServiceMax, Inc. Silver Lake Technology Management LLC; Silver Lake Enterprise Software - - - Management Co. LLC 12/13/2018 Host Analytics, Inc. Vector Capital Management LP Enterprise Software - - - 12/13/2018 Telluslabs, Inc. Indigo Agriculture, Inc. Other SaaS - - - 12/13/2018 Feastly, Inc. Credible, Inc. Financial Technology - - - 12/13/2018 VigLink, Inc. sovrn Holdings, Inc. Financial Technology - - - 12/13/2018 ITeam Concepts LLC Mobius Partners, Inc. IT Services - - - 12/13/2018 NextTier Education, Inc. Follett Corp. Other SaaS - - - 12/12/2018 Meyers Research LLC MidOcean US Advisor LP Other SaaS - - - 12/12/2018 Kuvana, Inc. Swiftpage ACT! LLC; SFW Capital Partners LP; Jump Capital Marketing Software - - - LLC 12/12/2018 Science To Sales, Inc. Winning By Design LLC IT Services - - - 12/12/2018 Siftery, Inc. G2 Crowd, Inc. Other SaaS - - - 12/12/2018 Softweb Solutions, Inc. Avnet, Inc. Enterprise Software - - - 12/12/2018 Codigo LLC Bertram Capital Management LLC; Spectrio LLC Other SaaS - - - 12/11/2018 InnoStreams Shashee Interactive Networks, Inc. IT Services - - - 12/11/2018 7Park Data, Inc. Vista Equity Partners Management LLC Data & Analytics - - - 12/11/2018 Dwyer Technology, Inc. Right Networks LLC Financial Technology - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 12/11/2018 Cincinnati Time Systems, Inc. Ascentis Corp. IT Security - - - 12/11/2018 Fourandsix Technologies, Inc. Dowling Capital Partners LLC; TruePic, Inc. Other SaaS - - - 12/11/2018 AgSync, Inc. Raven Industries, Inc. Supply Chain Software - - - 12/11/2018 4th Source, Inc. Monroe Capital LLC; Nexxus Capital SA de CV; AN Global IT IT Services - - - SAPI de CV 12/10/2018 Hiperos LLC Coupa Software, Inc. Enterprise Software 95.00 - - 12/10/2018 IQMS Dassault Systèmes SA Enterprise Software 425.00 7.11x - 12/10/2018 Mondo (New York) Odyssey Investment Partners LLC; Addison Professional Marketing Software - - - Financial Search LLC 12/10/2018 YTWO Formative, Inc. RIB Software SE Enterprise Software 96.00 - - 12/10/2018 Netsmart Technologies, Inc. TA Associates Management LP; GI Manager LP; Shareholders Enterprise Software 575.00 - - 12/10/2018 MEBC, Inc. Olympus Advisors LLC; Vaco Supply Chain Solutions LLC Supply Chain Software - - - 12/10/2018 EdgeAQ LLC The Jordan Co. LP Enterprise Software - - - 12/10/2018 Devise Interactive LLC Vincit Oyj IT Services - - - 12/7/2018 DealerScience LLC TrueCar, Inc. Other SaaS 29.50 - - 12/7/2018 CloudMagic Inc Access Industries, Inc. (New York); Essential Products, Inc. Other SaaS - - - (Palo Alto, CA) 12/7/2018 Ambonare, Inc. Red River Computer Co., Inc. Other SaaS - - - 12/7/2018 Path-Tec LLC Lab Logistics Group GmbH Supply Chain Software - - - 12/7/2018 Velos, Inc. Arsenal Capital Management LP; WIRB-Copernicus Group, Healthcare IT - - - Inc. 12/6/2018 International Business Machines Corp. (Softeare HCL Technologies Ltd. Other SaaS 1,800.00 - - Products) 12/6/2018 Tripping International, Inc. Insight Venture Management LLC; DN Capital Ltd.; Global Data & Analytics - - - Founders Capital Management GmbH; Acton Capital Partners GmbH; Lakestar Advisors GmbH; HomeToGo GmbH 12/6/2018 ITLynk Involta LLC IT Services - - - 12/6/2018 Phazr, Inc. JMA LLC Other SaaS - - - 12/6/2018 School Loop, Inc. Think3 Other SaaS - - - 12/5/2018 GeBBS Healthcare Solutions, Inc. Chryscapital Management Co. Healthcare IT 177.22 3.59x - 12/5/2018 MOBI Wireless Management LLC Tangoe US, Inc.; Marlin Management Co. LLC Enterprise Software - - - 12/5/2018 CodeMonkey Studios, Inc. TAL Education Group Other SaaS 20.00 - - 12/5/2018 DAVID Corp. Symphony Technology Group LLC; Ventiv Technology, Inc. Financial Technology - - -

12/5/2018 Mirador Financial, Inc. CUNA Mutual Group Financial Technology - - - 12/5/2018 ProRata, Inc. Chargify LLC; Scaleworks, Inc. Financial Technology - - - 12/5/2018 ARCHIBUS, Inc. Serraview Australia Pty Ltd. IT Services - - - 12/5/2018 SmartRG, Inc. ADTRAN, Inc. Infrastructure/Hosting - - - 12/5/2018 Lore Systems Inc(Commercial & Hosting Southfield Capital Advisors LLC; Ntiva, Inc. Infrastructure/Hosting - - - Business) 12/4/2018 The TerrAlign Group, Inc. MapAnything, Inc. Financial Technology - - - 12/4/2018 BEx LLC Northern Trust Corp. Other SaaS - - - 12/4/2018 Acquired IO, Inc. Highland Capital Partners LLC; Adjust GmbH Marketing Software - - - 12/4/2018 Z7 NETWORKS LLC Executech Utah LLC IT Services - - - 12/4/2018 Lighthouse Computer Services, Inc. Converge Acquisition LLC IT Services 23.20 - - 12/4/2018 495 Communications LLC Good Life Networks, Inc. Marketing Software 15.00 0.80x 4.72x 12/4/2018 GrainChain, Inc. Medici Ventures, Inc. Other SaaS 25.00 - - 12/4/2018 Concept Searching, Inc. Updata Management LLC; Netwrix Corp. Data & Analytics - - - 12/4/2018 Firstline Security Systems, Inc. Convergint Technologies LLC IT Security - - - 12/4/2018 Digital DataVoice Corp. Waterfield Technologies, Inc. IT Security - - - 12/3/2018 MightyHive, Inc. S4 Capital Plc Marketing Software 150.00 1.01x - 12/3/2018 EllisLab, Inc. Digital Locations, Inc. Financial Technology 3.60 - - 12/3/2018 AdvisoryWorld, Inc. LPL Financial LLC; LPL Holdings, Inc. Financial Technology 28.00 - - 12/3/2018 NTI Connect LLC Orix Capital Partners LLC Infrastructure/Hosting - - - 12/3/2018 Reciprocal Labs Corp. ResMed, Inc. Healthcare IT 225.00 - - 12/3/2018 NameJet LLC Web.com Group, Inc.; SIRIS Capital Group LLC Infrastructure/Hosting - - - 12/3/2018 Echo Partners NXTsoft LLC IT Security - - - 12/3/2018 G2, Inc. (Maryland) Huntington Ingalls Industries, Inc. IT Services - - - 12/3/2018 Marketing G2 LLC Vista Equity Partners Management LLC; NEWSCYCLE Marketing Software - - - Solutions, Inc. 12/3/2018 Gro Solutions, Inc. Q2 Holdings, Inc. Financial Technology - - - 12/3/2018 Aktion Associates, Inc. IT Services - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 12/3/2018 Bell & Howell LLC WestView Capital Management Co., Inc. IT Services - - - 12/1/2018 SAXA Solutions LLC J2 Interactive LLC Healthcare IT - - - 11/30/2018 PEC Safety Operations LLC Thoma Bravo LLC Other SaaS - - - 11/30/2018 Punto Group Corp. OWP Ventures, Inc. Enterprise Software 5.29 - - 11/29/2018 HTBase Corp. Juniper Networks, Inc. Data & Analytics 25.00 - - 11/29/2018 2g Transit Solutions, Inc. RouteMatch Software, Inc. Data & Analytics - - - 11/29/2018 IT Nexus, Inc. Scantron Corp. IT Services - - - 11/29/2018 Enerwise Global Technologies, Inc. (MD) LS Power Equity Advisors LLC; LSP Generation IV LLC Other SaaS - - - 11/29/2018 Mic Network, Inc. BDG Media, Inc. Data & Analytics 5.00 - - 11/29/2018 Wrike, Inc. Vista Equity Partners Management LLC Marketing Software - - - 11/29/2018 a2z, Inc. Pamlico Capital Management LP; Personify, Inc. Other SaaS - - - 11/28/2018 Plusgrade US LLC The Caisse de dépôt et placement du Québec; Province of Other SaaS - - - Québec 11/28/2018 VDX, Inc. (New Jersey) Axispoint Technology Solutions Group, Inc. IT Services - - - 11/28/2018 Facilisgroup LLP Elysian Capital LLP IT Services - - - 11/28/2018 Life Partners Position Holder Trust Anchorage Capital Group LLC; Anchorage Advisors Financial Technology 16.96 - - Management LLC; Life Settlement Liquidity Option LLC 11/28/2018 Shift Media Holdings, Inc. Marlin Management Co. LLC Infrastructure/Hosting - - - 11/27/2018 Super Crypto Mining, Inc. Shareholders Financial Technology - - - 11/27/2018 EView Technology, Inc. Syncsort, Inc.; Centerbridge Partners LP; Clearlake Capital Other SaaS - - - Group LP 11/27/2018 BlueData Software, Inc. Hewlett-Packard Enterprise Co. Data & Analytics - - - 11/27/2018 Spectro Scientific, Inc. AMETEK, Inc. Enterprise Software 190.00 3.80x - 11/27/2018 AppMark, Inc. FogChain Corp. Enterprise Software 0.15 - - 11/27/2018 QBC Holdings, Inc. IDify LLC IT Services - - - 11/27/2018 Swift Systems, Inc. NuMSP LLC Infrastructure/Hosting - - - 11/26/2018 SITA Laboratories, Inc. Marchex, Inc. Data & Analytics 35.34 - - 11/26/2018 Tuition Management Systems LLC Nelnet Business Solutions, Inc. Financial Technology - - - 11/26/2018 Interfolio, Inc. Insight Venture Management LLC Other SaaS 110.00 - - 11/26/2018 Dynamic Engineering Solutions Enlightenment Capital LLC; Everwatch Corp. Infrastructure/Hosting - - - 11/26/2018 Sirma Enterprise Systems, Inc. Sirma Group Holding JSC Enterprise Software 0.08 - - 11/22/2018 Noah Data Technologies, Inc. Indium Software, Inc. Data & Analytics - - - 11/21/2018 TRA, Inc. KEV Group, Inc. Financial Technology - - - 11/21/2018 Silk Labs, Inc. Apple, Inc. Other SaaS - - - 11/21/2018 Tictail, Inc. Shopify, Inc. Financial Technology - - - 11/20/2018 PlanGrid, Inc. Autodesk, Inc. Other SaaS 875.00 - - 11/20/2018 Frustum, Inc. PTC, Inc. Other SaaS 70.00 - - 11/20/2018 Belly, Inc. (Customer Royalty Platform Assets) Mobivity Holdings Corp. Financial Technology 3.00 - - 11/20/2018 Maxifier, Inc. Bmax AS Marketing Software 0.25 - - 11/20/2018 Infogeographics, Inc. Avineon, Inc. Other SaaS - - - 11/20/2018 e-Courier Software LLC Alpine Investors; Alpine SG LLC Supply Chain Software - - - 11/20/2018 Medical Pay Review, Inc. ProtoLytic LLC Enterprise Software - - - 11/20/2018 Enroute Networks, Inc. Spire Capital Management, Inc.; Dynamic Quest, Inc. IT Services - - - 11/19/2018 Nuance Communications, Inc. (Automotive Shareholders IT Services - - - Business) 11/19/2018 Zartex, Inc. Shareholders IT Services - - - 11/19/2018 FISH Technologies LLC Providence Equity Partners LLC; Patron Technology, Inc. Marketing Software - - - 11/19/2018 Jelli, Inc. iHeartMedia, Inc. Marketing Software - - - 11/19/2018 VistaDash Car Wars Other SaaS - - - 11/19/2018 PACKETOP M-Technologies GmbH Data & Analytics - - - 11/18/2018 Rockland Congruity LLC Procurri LLC IT Services 44.90 6.24x - 11/16/2018 Vidder, Inc. , Inc. IT Security - - - 11/15/2018 Watershed Systems, Inc. Learning Technologies Group Plc Other SaaS 16.57 - - 11/15/2018 PlotWatt, Inc. American Efficient LLC Data & Analytics - - - 11/15/2018 Dictionary.com LLC Rock Holdings, Inc.; Camelot Venture Group LLC Data & Analytics - - - 11/15/2018 Sapho, Inc. Citrix Systems, Inc. Enterprise Software 200.00 - - 11/15/2018 Talari Networks, Inc. Oracle Corp. Infrastructure/Hosting - - - 11/15/2018 IntroNet Corp. Newark Venture Partners; Sam AI, Inc. Data & Analytics - - - 11/14/2018 XOXCO, Inc. Microsoft Corp. IT Services - - - 11/14/2018 Data2CRM Trujay Group LLC IT Services - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 11/14/2018 Farelogix, Inc. Sabre Corp. Supply Chain Software 360.00 - - 11/13/2018 Happy Cog Studios LLC Vector Media Group, Inc. Marketing Software - - - 11/13/2018 SouthTech Systems, Inc. Granicus, Inc.; Vista Equity Partners Management LLC IT Services - - - 11/13/2018 MVP Systems Software, Inc. Split Rock Partners LLC; Help/Systems LLC IT Services - - - 11/13/2018 Consumers United, Inc. Seeman Holtz Property & Casualty LLC Financial Technology - - - 11/13/2018 RepoRoute LLC Location Services LLC Data & Analytics - - - 11/13/2018 BPS-24 LLC Main Capital Partners BV; JobRouter AG Enterprise Software - - - 11/13/2018 Delmondo LLC Foundation Capital LLC; Warner Media Investments; Conviva, Other SaaS - - - Inc. 11/13/2018 LexPredict LLC Elevate Services, Inc. Other SaaS - - - 11/12/2018 athenahealth, Inc. Elliott Management Corp.; Veritas Capital Fund Management Healthcare IT 5,441.99 4.15x 16.19x LLC; Evergreen Coast Capital Corp.; Shareholders 11/12/2018 Nuance Document Imaging, Inc. Thoma Bravo LLC; Kofax, Inc. Other SaaS 400.00 - - 11/12/2018 eTrans2020, Inc. Kapsch TrafficCom AG Other SaaS - - - 11/12/2018 iPass, Inc. Pareteum Corp. Enterprise Software 24.09 - - 11/12/2018 Swych, Inc. Finablr Ltd. Financial Technology - - - 11/11/2018 Qualtrics International, Inc. SAP SE Enterprise Software 7,991.87 21.11x - 11/11/2018 Black Corp. Essar Group; AGC Networks Singapore Pte Ltd. Infrastructure/Hosting 97.07 - - 11/11/2018 Apptio, Inc. Vista Equity Partners Management LLC Enterprise Software 1,586.27 - - 11/10/2018 Onit, Inc. K1 Investment Management LLC Enterprise Software - - - 11/9/2018 Logic9s LLC The Goldman Sachs Group, Inc. Financial Technology - - - 11/9/2018 3 Sigma Software, Inc. Sagewind Capital LLC; GCOM Software LLC; Bagnols Family IT Services - - - Office Investment Partners LLC 11/8/2018 Stelligent Systems LLC Mphasis Corp. IT Services 25.00 - - 11/8/2018 PlumChoice, Inc. The Allstate Corp. IT Services 30.00 - - 11/8/2018 CSI Enterprises, Inc. Edenred SA Financial Technology 600.00 - - 11/8/2018 Welcome Commerce, Inc. Venrock Associates; Matrix Management Corp.; Greenspring Data & Analytics - - - Associates, Inc.; North Bridge Venture Partners; Salsify, Inc. 11/8/2018 Jaray Software, Inc. Battery Ventures; ServiceTitan, Inc. Other SaaS - - - 11/8/2018 Bluefyre, Inc. Right Side Capital Management LLC; Threat Stack, Inc.; IT Security - - - TechStars Central, LLC 11/8/2018 QM Scientific Ulta Beauty, Inc. Other SaaS - - - 11/8/2018 HealthLoop, Inc. GetWellNetwork, Inc.; Welsh, Carson, Anderson & Stowe Healthcare IT - - - 11/8/2018 Hedgepoint Solutions LLC Abacus Group LLC Financial Technology - - - 11/8/2018 Cozy Services Ltd. Costar Realty Information, Inc. Financial Technology 68.00 - - 11/7/2018 Stitch, Inc. Talend SA Other SaaS 60.00 - - 11/7/2018 Grovo Learning, Inc. Cornerstone OnDemand, Inc. Other SaaS 24.00 - - 11/7/2018 Skinny Labs, Inc. Ford Smart Mobility LLC Other SaaS 100.00 - - 11/7/2018 TRGRP, Inc. Pamlico Capital Management LP Enterprise Software - - - 11/7/2018 Qsource Networks LLC Integritek LLC IT Services - - - 11/7/2018 CenterStone Technologies, Inc. PlumRiver LLC Financial Technology - - - 11/7/2018 GreatRateFreight (GR8R8FR8.com, Inc) RushNet, Inc. Supply Chain Software - - - 11/7/2018 Berico Technologies LLC Novetta Solutions LLC Data & Analytics - - - 11/7/2018 ProStar Geocorp, Inc. Doxa Energy Ltd. Other SaaS 4.14 - - 11/6/2018 ConvergeOne Holdings, Inc. CVC Advisers Ltd. Infrastructure/Hosting 1,671.11 1.52x 18.88x 11/6/2018 Heptio, Inc. VMware, Inc. Enterprise Software - - - 11/6/2018 Wellio, Inc. The Kraft Heinz Co. Other SaaS - - - 11/6/2018 Spear, Inc. (Virginia) CALIBRE Systems, Inc. IT Services - - - 11/6/2018 Action Ready Marketing The Lorem Ipsum Co. Marketing Software - - - 11/5/2018 SharedLabs, Inc. Glowpoint, Inc. Enterprise Software 19.29 - - 11/5/2018 Datawatch Corp. Altair Engineering, Inc. Data & Analytics 162.63 3.90x - 11/5/2018 Inuvo, Inc. ConversionPoint Technologies, Inc. Marketing Software 71.93 - - 11/5/2018 MatrixCare, Inc. ResMed, Inc. Healthcare IT 750.00 - - 11/5/2018 Javelin Networks, Inc. Symantec Corp. IT Security 30.00 - - 11/5/2018 Appthority, Inc. Symantec Corp. IT Security - - - 11/5/2018 Veracode, Inc. Thoma Bravo LLC IT Security 950.00 - - 11/5/2018 Reserve Media, Inc. Resy Network, Inc.; Lerer Ventures; Slow Ventures LLC; RSE Other SaaS - - - Ventures LLC 11/5/2018 Intrigo Systems, Inc. Accenture Plc IT Services - - - 11/5/2018 Nebraska Data Centers LLC News-Press & Gazette Co. Infrastructure/Hosting - - - 11/5/2018 SI Technologies, Inc. (New York) Convergint Technologies LLC IT Security - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 11/5/2018 The Ignition Group LLC Parthenon Capital LLC; Zelis Healthcare, Inc. Data & Analytics - - - 11/2/2018 Ethernext, Inc. Concepts LLC Infrastructure/Hosting - - - 11/1/2018 McCallie Associates, Inc. Alutiiq LLC; Afognak Native Corp. IT Services - - - 11/1/2018 Stewardship Technology, Inc. Paya, Inc. Financial Technology - - - 11/1/2018 Information Transport Solutions, Inc. Uniti Group, Inc. IT Services 54.00 - - 11/1/2018 Assembla, Inc. TA Associates Management LP; IDERA, Inc. Enterprise Software - - - 11/1/2018 Domain X Technologies LLC Analytic Services, Inc. IT Services - - - 11/1/2018 BuildPulse, Inc. CopperTree Analytics Inc. Data & Analytics - - - 10/31/2018 Birch Finance LLC Plug & Play Venture Group LLC; EVEN Financial, Inc. Financial Technology - - - 10/31/2018 Mitek Systems, Inc. ASG Technologies Group, Inc.; Evergreen Coast Capital IT Security 419.88 - - Corp. 10/31/2018 Health Solutions Plus, Inc. Conduent, Inc. Healthcare IT 98.00 - - 10/31/2018 LupusCorner OCA Venture Partners LLC; i2E, Inc.; Progentec Diagnostics, Healthcare IT - - - Inc. 10/31/2018 Intersections, Inc. General LLC; Wndrco Holdings LLC; WC SACD One Data & Analytics 102.55 0.66x 10.46x Parent, Inc. 10/31/2018 Liaison Technologies, Inc. Open Text Corp. Data & Analytics 310.00 - - 10/31/2018 Perkinelmer, Inc. (US((Phenoptics) Akoya Biosciences, Inc. Healthcare IT - - - 10/31/2018 Gliffy, Inc. Rogue Wave Software, Inc. Marketing Software - - - 10/30/2018 Commerce Evolution LLC Rooam, Inc. Financial Technology - - - 10/30/2018 Aptean, Inc. (Vertical Business Applications Versata Software, Inc.; ESW Capital LLC Enterprise Software - - - Group) 10/30/2018 DiscoverReady LLC GI Manager LP; Consilio LLC Data & Analytics - - - 10/30/2018 ABCya.com LLC IXL Learning, Inc. Other SaaS - - - 10/30/2018 EDI Ltd. Ross & Baruzzini, Inc. IT Services - - - 10/30/2018 ASI Mining LLC Epiroc AB Other SaaS - - - 10/29/2018 eharmony, Inc. ProSiebenSat.1 Media SE; PARSHIP ELITE Group GmbH; Data & Analytics 85.00 - - Oakley Capital Ltd. (Private Equity); NCG Commerce GmbH; NUCOM Group SE 10/29/2018 Elixiter, Inc. Perficient, Inc. Enterprise Software 97.69 23.26x - 10/29/2018 Network Medics, Inc. NuMSP LLC IT Services - - - 10/29/2018 OrderUp, Inc. GrubHub, Inc. Other SaaS - - - 10/29/2018 Transportation Data Source LLC Aurora Capital Group LP; Randall-Reilly LLC Data & Analytics - - - 10/28/2018 Red Hat, Inc. International Business Machines Corp. Other SaaS 32,332.42 - - 10/26/2018 systemiC LLC Champion Solutions Group, Inc. IT Services - - - 10/26/2018 WorldView Solutions, Inc. GeoDecisions, Inc. IT Services - - - 10/25/2018 Alinean, Inc. Mediafly, Inc.; Boathouse Capital Management LLC Marketing Software - - - 10/25/2018 RateMyProfessors.com LLC Raine Ventures LLC; Lightspeed Management Co. LLC; Data & Analytics - - - AT&T, Inc.; Liberty Global (Private Equity); Ventures LLC; Ribbit Management Co. LLC; Dentsu Ventures KK; Altice USA, Inc.; Cheddar, Inc.; Amazon (); 7 Global Capital GP SARL 10/25/2018 Mindflash Technologies, Inc. Turn/River Management LLC; Applied Training Systems, Inc. Other SaaS - - - 10/25/2018 Apartment Jet, Inc. Expedia Group, Inc. Data & Analytics - - - 10/25/2018 Pillow Homes, Inc. Expedia Group, Inc. Financial Technology - - - 10/25/2018 Truli Media Group, Inc. Chicken Soup for the Soul Entertainment, Inc. Other SaaS - - - 10/25/2018 Thursby Software Systems, Inc. Identiv, Inc. Other SaaS 12.50 - - 10/25/2018 Verisign, Inc. (Security Services Business) Golden Gate Private Equity, Inc.; NeuStar, Inc.; GIC Special Infrastructure/Hosting 120.00 - - Investments Pte Ltd. 10/24/2018 Dome9 Security, Inc. Check Point Software Technologies Ltd. IT Services 175.00 - - 10/24/2018 Trafficware LLC Cubic Transportation Systems, Inc. Other SaaS 235.70 - - 10/24/2018 DanceStudio-Pro.com GI Manager LP; Togetherwork Holdings LLC Enterprise Software - - - 10/24/2018 Everbooked, Inc. Evolve Vacation Rental Network, Inc. Other SaaS - - - 10/24/2018 Omnify Software, Inc. Arena Solutions, Inc. Enterprise Software - - - 10/24/2018 DATUM LLC Infogix, Inc.; Thoma Bravo LLC Data & Analytics - - - 10/24/2018 Simppler, Inc. Ranch Ventures LLC; Teamable, Inc. Other SaaS - - - 10/23/2018 SigmaTEK Systems LLC Battery Ventures Infrastructure/Hosting - - - 10/23/2018 Versive, Inc. eSentire, Inc. Data & Analytics - - - 10/23/2018 Blue Vision Labs, Inc. Lyft, Inc. Other SaaS 72.00 - - 10/23/2018 Vendor Credentialing Service LLC Landmark Partners, Inc.; Clearlake Capital Group LP; Dyal Healthcare IT 550.00 10.04x - Capital Partners; AIMS Petershill 10/23/2018 VirBELA LLC eXp World Holdings, Inc. Other SaaS 11.00 - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 10/22/2018 JetPay Corp. NCR Corp. Financial Technology 157.56 1.26x 17.81x 10/22/2018 Aptrinsic, Inc. Gainsight, Inc. Enterprise Software - - - 10/22/2018 Organizational Strategies, Inc. The Acacia Group; Applied Insight LLC IT Services - - - 10/22/2018 Orion Systems Integrators LLC OEP Capital Advisors LP; Shareholders IT Services - - - 10/22/2018 Elevate Labs LLC Keesing Media Group BV Other SaaS - - - 10/22/2018 Acutech Network Services, Inc. Integritek LLC Infrastructure/Hosting - - - 10/22/2018 DataFox Intelligence, Inc. Oracle Corp. Other SaaS - - - 10/22/2018 Pivotus, Inc. Kony, Inc. Financial Technology - - - 10/22/2018 Noventis, Inc. WEX, Inc. Financial Technology - - - 10/22/2018 MoviePass, Inc. Shareholders Financial Technology - - - 10/21/2018 DAZ Systems, Inc. Accenture Plc Infrastructure/Hosting - - - 10/19/2018 Collective Shift Southern New Hampshire University Other SaaS - - - 10/18/2018 CAD Technology Center, Inc. Applied Technology Group, Inc. Other SaaS - - - 10/17/2018 Carespeak Communications Inc OptimizeRx Corp. Healthcare IT 9.00 - - 10/17/2018 goBalto, Inc. Oracle Corp. Healthcare IT - - - 10/17/2018 Outline Systems, Inc. Duck Creek Technologies, Inc.; Apax Partners (UK) Ltd. IT Services - - - 10/17/2018 J.M. Mills Communications, Inc. PROTEL Communications, Inc. Financial Technology - - - 10/17/2018 NMD, Inc. Elm Street Technology LLC Marketing Software - - - 10/17/2018 PK Interactive LLC Spotify Technology SA Other SaaS - - - 10/17/2018 Electsolve Technology Solutions & Services, Inc. IPKeys Technologies LLC Other SaaS - - - 10/17/2018 RJT Solution Beacon, Inc. RJT Compuquest, Inc. Enterprise Software - - - 10/17/2018 Harmalarm Trading Co. Ltd. Global Digital Solutions, Inc. Other SaaS 0.04 - - 10/17/2018 AFS Technologies, Inc. Symphony Technology Group LLC Other SaaS - - - 10/17/2018 Dynamis Software Corp. Applied Systems, Inc. Financial Technology - - - 10/16/2018 Social Tables, Inc. Vista Equity Partners Management LLC; Cvent, Inc. IT Services 100.00 7.14x - 10/16/2018 NovoEd, Inc. Devonshire Investors LLC; Impresa Management LLC Other SaaS - - - 10/16/2018 ITN International, Inc. HGGC LLC; Aventri Other SaaS - - - 10/16/2018 ESOP Economics, Inc. Ascensus LLC Financial Technology - - - 10/16/2018 Giant Otter Technologies, Inc. General Catalyst LLC; Charles River Ventures, Inc.; Drift.com, Data & Analytics - - - Inc. 10/15/2018 Cambium Learning Group, Inc. Veritas Capital Fund Management LLC Other SaaS 702.19 4.37x 15.11x 10/15/2018 Asaii, Inc. Apple, Inc. Data & Analytics - - - 10/15/2018 DataWing Software LLC Great Point Partners Private Equity; Citra Health Solutions, Healthcare IT - - - Inc. 10/15/2018 MyWebGrocer, Inc. General Atlantic LLC; Mi9 Retail, Inc.; Respida Capital Marketing Software - - - 10/15/2018 Aquiire, Inc. Coupa Software, Inc. Other SaaS - - - 10/15/2018 Code SixFour LLC Aurora Capital Group LP; Zywave, Inc. IT Services - - - 10/15/2018 tCell.io, Inc. Rapid7, Inc. IT Security - - - 10/15/2018 SendGrid, Inc. Twilio, Inc. Marketing Software 1,568.47 11.43x - 10/13/2018 Satel Group, Inc. Simlatus Corp. IT Services 3.89 - - 10/12/2018 Rentlytics, Inc. RealPage, Inc. Data & Analytics 57.00 - - 10/11/2018 PayTollo, Inc. Sirius XM Holdings, Inc.; Automatic Labs, Inc. Financial Technology - - - 10/11/2018 Remote Monitoring Systems LLC Big Equipment Co. Ltd. Other SaaS - - - 10/11/2018 Tour de Force, Inc. Eden Capital Management LLC Enterprise Software - - - 10/11/2018 PacketZoom, Inc. Roblox Corp. Data & Analytics - - - 10/11/2018 Maruthi Technologies LLC Cappius Technologies, Inc. Enterprise Software - - - 10/11/2018 Sunray Technology Ventures, Inc. HotSpot International IT Services - - - 10/11/2018 Prism Money BillGo, Inc. Financial Technology - - - 10/11/2018 Demand Derivatives Corp. GMEX Technologies Ltd. Other SaaS - - - 10/10/2018 Imperva, Inc. Thoma Bravo LLC IT Security 1,671.15 - - 10/10/2018 Total Defense, Inc. Marlin Management Co. LLC; AppRiver LLC IT Security - - - 10/10/2018 Wolfnet Technologies LLC Northwestern Mutual Capital LLC; OJO Labs, Inc. Other SaaS - - - 10/10/2018 FriendlyData, Inc. ServiceNow, Inc. Data & Analytics 7.50 - - 10/10/2018 Rubicon International ManageBac Other SaaS - - - 10/10/2018 Strategic Web Solutions Grace Hill LLC Marketing Software - - - 10/10/2018 CryptoTrading Holdings, Inc. UC Resources Ltd. Financial Technology 0.00 - - 10/10/2018 IPM Software, Inc. MRI Software LLC Other SaaS - - - 10/10/2018 Ekahau, Inc. Ziff Davis, Inc.; Scene LLC Other SaaS - - - 10/10/2018 Correlog, Inc. BMC Software, Inc.; & Co. LP Financial Technology - - - 10/9/2018 The Learning House, Inc. John Wiley & Sons, Inc. Other SaaS 200.00 - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 10/9/2018 Don Best Sports Corp. Scientific Games Corp. Other SaaS 26.50 - - 10/9/2018 Valiance Partners, Inc. NNIT A/S Data & Analytics 35.70 3.68x - 10/9/2018 Potbotics, Inc. Express Capital Corp. Data & Analytics - - - 10/9/2018 NuPark, Inc. Bain Capital Ventures LP; Grotech Ventures; MK Capital Co.; Financial Technology - - - Relevance Capital; Passport Labs, Inc. 10/9/2018 ObjectLabs Corp. MongoDB, Inc. Infrastructure/Hosting 68.00 - - 10/8/2018 SolbegSoft Ltd. Helmes AS IT Services - - - 10/8/2018 Perfecto Mobile, Inc. Perforce Software, Inc.; Clearlake Capital Group LP Infrastructure/Hosting 200.00 - - 10/8/2018 BOLTS Technologies, Inc. Jack Henry & Associates, Inc. Other SaaS - - - 10/8/2018 Weather Decision Technologies, Inc. DTN LLC Data & Analytics - - - 10/8/2018 Software, Inc. Bain Capital LP; Bain Capital Private Equity LP Enterprise Software 2,000.00 - - 10/8/2018 Glint, Inc. LinkedIn Corp. Enterprise Software - - - 10/8/2018 Clinical Outcomes Management Systems LLC JMI Management, Inc.; Pointclickcare Technologies, Inc.; Healthcare IT - - - Dragoneer Investment Group LLC 10/4/2018 Softvision LLC Cognizant Technology Solutions Corp. Other SaaS 550.00 4.09x - 10/4/2018 ValuD Consulting LLC Jones Lang LaSalle, Inc. Enterprise Software - - - 10/4/2018 QBIS Solutions, Inc. Patra Corp. () Financial Technology - - - 10/4/2018 Kubient, Inc. Bright Mountain Media, Inc. Marketing Software - - - 10/4/2018 Measur3d, Inc. Gerber Technology LLC Other SaaS - - - 10/4/2018 Crimson Hexagon, Inc. Runtime Collective Ltd. Data & Analytics - - - 10/4/2018 Excel4apps, Inc. TA Associates Management LP; Insightsoftware.com Ltd. Data & Analytics - - - 10/4/2018 Singularis Health LLC True Nature Holding, Inc. Healthcare IT 0.17 - - 10/4/2018 Ominto, Inc. (Certain Assets & 7 Subs) One Vision Capital Group A/S Financial Technology 1.00 - - 10/4/2018 Solid Systems CAD Services, Inc. Park Place Technologies LLC IT Services - - - 10/3/2018 Lua Technologies, Inc. Life Biosciences LLC Other SaaS - - - 10/3/2018 EmaginePOS, Inc. SpotOn Transact LLC IT Services - - - 10/3/2018 RedLock, Inc. Palo Alto Networks, Inc. IT Security 173.00 - - 10/3/2018 Gradescope, Inc. Insight Venture Management LLC; GIC Special Investments Other SaaS - - - Pte Ltd.; Turnitin LLC 10/3/2018 Hortonworks, Inc. Cloudera, Inc. Data & Analytics 1,756.52 5.36x - 10/3/2018 Electronic Evolutions, Inc. Ultimate Technologies Group, Inc. Infrastructure/Hosting - - - 10/3/2018 Zferral, Inc. West Corp.; Apollo Global Management LLC (Private Equity) Enterprise Software - - - 10/3/2018 FittedCloud, Inc. Apptio, Inc. Other SaaS - - - 10/3/2018 BluPrairie LLC Involta LLC IT Services - - - 10/3/2018 InterKn, Inc. ByteCubed LLC; Enlightenment Capital LLC Data & Analytics - - - 10/3/2018 RMG Networks Holding Corp. Virgo Associates LLC; Sachs Capital Group LP; Shareholders IT Services - - - 10/3/2018 West Tech Communications of Southern High Point Networks LLC IT Services - - - Colorado, Inc. 10/3/2018 Azavea, Inc. (Hunchlab Assets) ShotSpotter, Inc. Other SaaS - - - 10/2/2018 LoanLogics, Inc. (PPE Business) GTCR LLC; Optimal Blue LLC Financial Technology - - - 10/2/2018 Baynet World, Inc. Constellation Web Solutions, Inc. Other SaaS - - - 10/2/2018 GE Intelligent Platforms, Inc. Emerson Electric Co. Other SaaS - - - 10/2/2018 Recargo, Inc. innogy SE; innogy e-mobility US LLC Data & Analytics - - - 10/2/2018 CosmoLex Cloud LLC Software Technology LLC (Nebraska) Financial Technology - - - 10/2/2018 Kindara, Inc. Prima Temp, Inc. Other SaaS - - - 10/2/2018 MCT Digital, Inc. Gerber Scientific LLC; AIP LLC IT Services 10.00 - - 10/2/2018 Actively Learn, Inc. Insight Venture Management LLC; Achieve3000, Inc. Other SaaS - - - 10/2/2018 Zephyr Health, Inc. Providence Equity Partners LLC; Anju Software, Inc. Healthcare IT 7.00 - - 10/2/2018 Iron Mountain Fulfillment Services, Inc. Amware Logistics Services, Inc.; Rotunda Capital Partners LLC Infrastructure/Hosting - - - 10/2/2018 Sciengistics, Inc. Riverside Partners LLC (New York); ARCOS LLC Other SaaS - - - 10/2/2018 Trensant, Inc. Interos Solutions, Inc. Data & Analytics - - - 10/2/2018 Dev9 LLC Nortal AS IT Services - - - 10/2/2018 Terraform Labs, Inc. Alphabet, Inc. Other SaaS - - - 10/2/2018 Everyone Counts, Inc. Votem Corp. Other SaaS - - - 10/2/2018 Green Hippo Media Technology, Inc. Spitfire Creative Technologies, Inc. IT Services - - - 10/2/2018 DataSplice LLC Francisco Partners Management LP; Prometheus Group Enterprise Software - - - Enterprises LLC 10/1/2018 Agape Red OpsCompass LLC Other SaaS - - - 10/1/2018 FusionStorm Computacenter Plc IT Services 90.00 - - 10/1/2018 Advantel, Inc. ConvergeOne Holdings, Inc. IT Services - - - 10/1/2018 Trademaster, Inc. Tyler Technologies, Inc. IT Security - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 10/1/2018 Conversable, Inc. LivePerson, Inc. Other SaaS 6.60 - - 10/1/2018 Ring Router, Inc. LLR Partners, Inc.; eLocal USA LLC Other SaaS - - - 10/1/2018 LANsultants, Inc. Hilltop Consultants, Inc. IT Services - - - 10/1/2018 Agiletics, Inc. Jack Henry & Associates, Inc. Financial Technology - - - 10/1/2018 Intersection Technologies, Inc. Cox Automotive, Inc. Data & Analytics - - - 10/1/2018 Defakto LLC Advent International Corp.; Ansira Partners, Inc. Marketing Software - - - 10/1/2018 CDI Corp. (Talent & Technology Solutions Artech Information Systems LLC IT Services - - - Business Unit) 10/1/2018 iMarc, Inc. Old Republic Title Insurance Group, Inc. Financial Technology - - - 10/1/2018 Final Phase Systems LLC INFICON, Inc. Enterprise Software - - - 10/1/2018 Computer Design & Integration LLC (Small & WorkSmart, Inc. Infrastructure/Hosting - - - Midsize Business) 9/30/2018 SavingStar, Inc. Quotient Technology, Inc. Marketing Software 18.10 - - 9/28/2018 Built.io LLC Software AG Enterprise Software - - - 9/28/2018 DoubleNet Pay, Inc. Purchasing Power LLC Financial Technology - - - 9/27/2018 SICOM Systems, Inc. Global Payments, Inc. Enterprise Software 415.00 - - 9/27/2018 Applied Revenue Analytics LLC Output Services Group, Inc.; Aquiline Capital Partners LLC Healthcare IT - - - 9/27/2018 Tarmin, Inc. WISeKey International Holding Ltd. Infrastructure/Hosting - - - 9/27/2018 Iron Bow Technologies LLC H.I.G. Capital LLC (Private Equity) IT Services - - - 9/26/2018 Vasona Networks, Inc. ZephyrTel, Inc. Infrastructure/Hosting - - - 9/26/2018 Datanyze, Inc. Great Hill Partners LP; Zoom Information, Inc. Other SaaS - - - 9/26/2018 RightScale, Inc. TA Associates Management LP; Ontario Teachers' Private Infrastructure/Hosting - - - Capital; Flexera Software LLC 9/26/2018 High Tech Solutions Enterprises LLC ResMan LLC Other SaaS - - - 9/26/2018 AllTrails, Inc. Spectrum Equity Management LP Data & Analytics - - - 9/26/2018 Hybrik, Inc. Dolby Laboratories, Inc. Infrastructure/Hosting - - - 9/25/2018 Elan Financial Services, Inc. (Atm Managed Fiserv, Inc. Financial Technology 690.00 - - Services) 9/25/2018 Locus Energy LLC Clairvest Group, Inc. (Private Equity); Also Energy, Inc. Data & Analytics - - - 9/25/2018 Comet Solutions, Inc. Aras Corp. Other SaaS - - - 9/25/2018 Tapingo, Inc. GrubHub, Inc. Financial Technology 150.00 - - 9/25/2018 Prime Analytics LLC KRM22 Plc Financial Technology 8.02 - - 9/25/2018 NetFacilities, Inc. Luminate Capital Partners; AMT Direct LLC Other SaaS - - - 9/25/2018 Zimfly, Inc. Deer Management Co. LLC; Procore Technologies, Inc. Other SaaS - - - 9/25/2018 Green Rush Consulting LLC (Oddysee Software Alchemist Mining, Inc. Other SaaS 3.00 - - Platform) 9/25/2018 Simple Admit LLC Bankers Healthcare Group LLC (Florida) Healthcare IT - - - 9/25/2018 Aperio IT NuMSP LLC IT Services - - - 9/25/2018 Record360, Inc. Alpine Investors; Alpine SG LLC Other SaaS - - - 9/25/2018 Synergy Marketing Partners LLC Fort Point Capital LLC; EventLink LLC Marketing Software - - - 9/24/2018 Pandora Media, Inc. Sirius XM Holdings, Inc. Other SaaS 3,063.00 1.73x - 9/24/2018 OpsPanda, Inc. Xactly Corp.; Vista Equity Partners Management LLC Enterprise Software - - - 9/24/2018 Greenlight Technologies, Inc. (California) Leafbuyer Technologies, Inc. Other SaaS 3.00 - - 9/24/2018 Recruiter.com, Inc. Truli Media Group, Inc. Other SaaS - - - 9/24/2018 Card Scanning Solutions, Inc. Audax Private Equity Other SaaS - - - 9/24/2018 Astro Technology, Inc. Slack Technologies, Inc. Other SaaS - - - 9/24/2018 Plasso, Inc. GoDaddy, Inc. Financial Technology - - - 9/24/2018 Advanced Computing, Inc. Gro Capital A/S; TARGIT A/S Enterprise Software - - - 9/21/2018 TrustPoint International LLC Kelly Services, Inc. Other SaaS - - - 9/21/2018 Patient Doctor Technologies, Inc. Masimo Corp. Healthcare IT - - - 9/20/2018 Marketo, Inc. Adobe Systems, Inc. Marketing Software 4,750.00 - - 9/20/2018 Orchard & Grove, Inc. JAMF Software LLC Enterprise Software - - - 9/20/2018 OpenALPR Technology, Inc. Novume Solutions, Inc. Infrastructure/Hosting 15.00 - - 9/20/2018 Allure Global Solutions, Inc. Creative Realities, Inc. Enterprise Software 10.45 - - 9/20/2018 S2 Security Corp. UTC Climate, Controls & Security IT Services - - - 9/20/2018 WINTR LLC IdeoClick, Inc. Marketing Software - - - 9/20/2018 FreeSWITCH Solutions LLC SignalWire, Inc. IT Services - - - 9/20/2018 Clustrix, Inc. European Investment Fund; California Technology Ventures; Enterprise Software - - - Runa Capital/RU/; MariaDB Corp. Ab 9/20/2018 Nuvi LLC Social Mecca, Inc. Data & Analytics - - - 9/19/2018 Sitrion, Inc. Limeade, Inc.; TVC Capital LLC Marketing Software - - - 9/19/2018 Blue Willow Systems, Inc. Royal Philips NV Healthcare IT - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 9/19/2018 NY Web Consulting LLC Tech 2 Success LLC Marketing Software - - - 9/19/2018 White Marsh Forests, Inc. BluHaptics, Inc. Other SaaS - - - 9/19/2018 TAKE Supply Chain Versata Software, Inc.; ESW Capital LLC Supply Chain Software 3.25 - - 9/18/2018 Advanced Technology Group, Inc. (Kansas) Cognizant Technology Solutions Corp. IT Services - - - 9/18/2018 StackPointCloud, Inc. NetApp, Inc. Other SaaS - - - 9/18/2018 Ziploop, Inc. Snipp Interactive, Inc. Financial Technology 0.61 - - 9/18/2018 Transzap, Inc. Genstar Capital LLC; Drilling Info, Inc. Financial Technology - - - 9/18/2018 VeBridge Holdings, Inc. Konica Minolta Business Solutions USA, Inc. Enterprise Software - - - 9/18/2018 eDirect Publishing, Inc. Talent Worldwide, Inc. Marketing Software - - - 9/18/2018 Ramsey Solutions LLC Config Consultants Corp.; Jefferson Capital Partners Ltd.; C3 IT Services - - - 9/18/2018 Hypemarks, Inc. Filestack, Inc. Data & Analytics - - - 9/18/2018 Compex, Inc. MTS Healthcare LLC IT Services - - - 9/18/2018 StayNTouch, Inc. Beijing Shiji Information Technology Co., Ltd. Other SaaS - - - 9/17/2018 Circulation, Inc. LogistiCare Solutions LLC Healthcare IT 47.10 - - 9/17/2018 OnCourse Learning Corp. Bertelsmann SE & Co. KGaA Healthcare IT 500.00 - - 9/17/2018 KINEX, Inc. Planned Systems International, Inc. IT Services - - - 9/17/2018 AmCheck, Inc. iSolved HCM LLC Enterprise Software - - - 9/17/2018 Inventory Management Solutions LLC Net@Work, Inc. Enterprise Software - - - 9/17/2018 Sourcethought, Inc. Ubix Labs, Inc. Data & Analytics - - - 9/17/2018 Co-Mergent LLC TetraVx Other SaaS - - - 9/17/2018 FeatureX, Inc. In-Q-Tel; Orbital Insight, Inc. Data & Analytics - - - 9/17/2018 Demartek LLC Principled Technologies, Inc. IT Services - - - 9/17/2018 Montessorium, Inc. Higher Ground Education, Inc. Other SaaS - - - 9/16/2018 Lucro Solutions, Inc. Valify, Inc. Healthcare IT - - - 9/14/2018 Forte Payment Systems, Inc. CSG Systems International, Inc. Financial Technology 85.00 - - 9/14/2018 Gelbgroup Consulting, Inc. FITECH Consultants LLC IT Services - - - 9/13/2018 BeyondTrust Software, Inc. Francisco Partners Management LP; Bomgar Corp. IT Security - - - 9/13/2018 INXPO, Inc. West Corp.; Apollo Global Management LLC (Private Equity) Other SaaS - - - 9/13/2018 Nemaris, Inc. Globus Medical, Inc. Healthcare IT - - - 9/13/2018 Danforth Systems LLC Barcoding, Inc. Data & Analytics - - - 9/13/2018 Lobe Artificial Intelligence, Inc. Microsoft Corp. Other SaaS - - - 9/13/2018 DynaView RedBird Capital Partners Management LLC; Tally Energy Data & Analytics - - - Services, Inc. 9/13/2018 AssetLock LLC Simplicity Financial Marketing, Inc. Financial Technology - - - 9/13/2018 Yonder-Outdoor Adventures Outdoor Reservation Management Group, Inc. Other SaaS - - - 9/12/2018 Mediarails, Inc. Impact Radius, Inc.; Redpoint Ventures; Silversmith Enterprise Software - - - Management LP 9/12/2018 CityBase, Inc. GTY Technology Holdings, Inc. IT Services 160.00 - - 9/12/2018 eCivis, Inc. GTY Technology Holdings, Inc. IT Services 100.00 - - 9/12/2018 Sherpa Government Solutions LLC GTY Technology Holdings, Inc. Financial Technology - - - 9/12/2018 Open Counter Enterprises, Inc. GTY Technology Holdings, Inc. Other SaaS - - - 9/12/2018 Teem Technologies, Inc. WeWork Cos., Inc. Enterprise Software 100.00 - - 9/12/2018 Arete Pharmacy Network LLC American Associated Pharmacies Healthcare IT - - - 9/12/2018 VRstudios, Inc. Cineplex, Inc. Other SaaS 13.54 - - 9/11/2018 NOVAtime Technology, Inc. Ascentis Corp. Enterprise Software - - - 9/11/2018 Acyclica, Inc. FLIR Systems, Inc. Data & Analytics - - - 9/11/2018 Infiniti Consulting Group LLC Huron Capital Partners LLC; InterVision Systems IT Services - - - Technologies, Inc. 9/11/2018 Predictive Service LLC Lewellyn Technology LLC Other SaaS - - - 9/11/2018 APEX Print Technologies LLC GTCR LLC; RevSpring, Inc. Financial Technology - - - 9/11/2018 Ora Interactive LLC projekt202 LLC IT Services - - - 9/11/2018 Asset Control Systems, Inc. Sovereign Capital Partners LLP; Shareholders Enterprise Software - - - 9/10/2018 Chain, Inc. Lightyear Corp. Financial Technology 500.00 - - 9/10/2018 Custom Cable Services, Inc. Attis Industries, Inc. Infrastructure/Hosting 4.60 - - 9/10/2018 FutureSimple, Inc. Zendesk, Inc. Enterprise Software - - - 9/10/2018 ClearPointe, Inc. AccountabilIT LLC Enterprise Software - - - 9/10/2018 Applied Information Group, Inc. Output Services Group, Inc.; Aquiline Capital Partners LLC Marketing Software - - - 9/10/2018 Machine Box, Inc. Veritone, Inc. Other SaaS 5.00 - - 9/7/2018 Elegrity, Inc. iManage LLC IT Services - - - 9/7/2018 Personify, Inc. (Teleporter Business) Redpoint Ventures; Sky Ventures Ltd.; GV Management Co. Other SaaS - - - LLC; Evolution Media Growth Partners LLC; Jaunt, Inc. (California) Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 9/7/2018 M Chain Technology Researching & Funding Sinoc, Inc. Financial Technology - - - 9/6/2018 GLOBE HOSTING Inc. CentralNic Group Plc Infrastructure/Hosting 2.97 3.01x 6.11x 9/6/2018 Intralinks Holdings, Inc. SS&C Technologies Holdings, Inc. Enterprise Software 1,518.76 5.14x 38.20x 9/6/2018 Simless, Inc. GigSky, Inc. Other SaaS - - - 9/6/2018 VirMedica, Inc. CareMetx LLC Healthcare IT - - - 9/6/2018 Techmah Medical LLC Limacorporate SpA Healthcare IT - - - 9/6/2018 Juicer LLC SaaS.group LLC Marketing Software - - - 9/6/2018 Idle Tools Corp. Nubik, Inc. Enterprise Software - - - 9/6/2018 Norwell Technology Group LLC GreenPages LLC IT Security - - - 9/6/2018 Paycommerce, Inc. (Swift Service Bureau) INTL FCStone, Inc. (Investment Management) Other SaaS - - - 9/6/2018 Black Diamond IT Services, Inc. Battery Ventures; Clubessential LLC IT Services - - - 9/6/2018 M Tech International, Inc. CTB International Corp. IT Services - - - 9/6/2018 Education Partners LLC Leeds Equity Partners LLC; Campus Management Corp. Financial Technology - - - 9/6/2018 Söoryen Technologies, Inc. Indecomm Global Services (India) Pvt Ltd.; Capital Square Infrastructure/Hosting - - - Partners Pte Ltd. 9/5/2018 InspectionXpert Corp. Ideagen Plc Other SaaS 7.00 - 35.00x 9/5/2018 Donuts, Inc. ABRY Partners LLC IT Services - - - 9/5/2018 Donriver Holdings Us LLC Ciena Corp. Enterprise Software - - - 9/5/2018 Quilmont Solutions, Inc. FogChain Corp. IT Services 1.07 - - 9/5/2018 Soceana Encast, Inc. Other SaaS - - - 9/5/2018 InspecTools, Inc. Intel Capital Corp.; DuPont Ventures; NTT DOCOMO Data & Analytics - - - Ventures, Inc.; Comcast Ventures LLC; Precision Hawk USA, Inc.; Yamaha Motor Ventures & Laboratory Silicon Valley, Inc. 9/5/2018 RapidFire Tools, Inc. Insight Venture Management LLC; Kaseya Ltd. IT Security - - - 9/5/2018 SuperData Research Holdings, Inc. Nielsen Holdings Plc Data & Analytics - - - 9/5/2018 Smarter Agent Mobile LLC Keller Williams Realty, Inc. Data & Analytics - - - 9/5/2018 Alpine, Inc. (California) Business Environment Ltd.; Headspace, Inc. Other SaaS - - - 9/5/2018 KnowledgeAdvisors, Inc. eXplorance, Inc. Enterprise Software - - - 9/4/2018 relayr, Inc. The Hartford Steam Boiler Inspection & Insurance Co. Data & Analytics 300.00 - - 9/4/2018 WegoWise, Inc. AppFolio Utility Management, Inc. Data & Analytics 15.00 - - 9/4/2018 CaseloadPRO LP Tyler Technologies, Inc. Other SaaS - - - 9/4/2018 The Puff Pack, Inc. MJIC, Inc. Financial Technology - - - 9/4/2018 Mediture LLC Tabula Rasa Healthcare, Inc. Healthcare IT 22.49 - - 9/4/2018 Transportation Insight LLC Gryphon Investors, Inc. Supply Chain Software - - - 9/4/2018 MVI Health, Inc. Penumbra, Inc. Healthcare IT 61.25 - - 9/4/2018 Spredfast, Inc. Lithium Technologies, Inc.; Vista Equity Partners Management Marketing Software - - - LLC 9/4/2018 Getty Images, Inc. Shareholders Marketing Software 490.20 - - 9/4/2018 DCR Workforce, Inc. Coupa Software, Inc. Enterprise Software 25.00 - - 9/4/2018 Apttus Corp. Thoma Bravo LLC Financial Technology - - - 9/4/2018 MarketingPro, Inc. FMG Suite LLC Marketing Software - - - 9/4/2018 Vovision LLC Microsoft Corp. Other SaaS - - - 9/4/2018 Devs United, Inc. Marcus Thomas LLC Marketing Software - - - 9/4/2018 Siftrock, Inc. General Catalyst LLC; Charles River Ventures, Inc.; Drift.com, Marketing Software - - - Inc. 9/3/2018 OmniPHY, Inc. NXP Semiconductors NV IT Services - - - 9/1/2018 Acrobatiq, Inc. VitalSource Technologies LLC Other SaaS - - - 9/1/2018 Vineyardsoft Corp. eCommerce Industries, Inc.; Apax Partners Holdings Ltd. Enterprise Software - - - 8/31/2018 DZS Software Solutions, Inc. WDB Medical Data, Inc. Healthcare IT - - - 8/31/2018 Infodat International, Inc. Adroit Infotech Ltd. IT Security - - - 8/31/2018 Selltis Technologies LLC Adroit Infotech Ltd. Enterprise Software - - - 8/31/2018 IMT Services LLC Bigfoot Project Investments, Inc. IT Services - - - 8/30/2018 Reis, Inc. Moody's Analytics Maryland Corp. Data & Analytics 251.05 5.22x 26.00x 8/30/2018 Data Specialists, Inc. (Wisconsin) Dairy LLC Enterprise Software - - - 8/30/2018 Consensia, Inc. XD Innovation, LLC Other SaaS - - - 8/30/2018 Max-Is, Inc. PowerNet Global Communications, Inc. IT Services - - - 8/29/2018 Xhale Assurance, Inc. Royal Philips NV Healthcare IT - - - 8/29/2018 Opcity, Inc. Move, Inc. Financial Technology 210.00 - - 8/29/2018 JVF Consulting LLC Where Food Comes From, Inc. IT Services - - - 8/28/2018 Iatric Systems, Inc. Harris Computer Systems, Inc. Other SaaS - - - 8/28/2018 D Software, Inc. Francisco Partners Management LP; Smart Bear Software, Inc. Enterprise Software 138.00 - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 8/27/2018 ClariCare, Inc. True Nature Holding, Inc. Healthcare IT 3.00 - - 8/27/2018 Steward Consulting, Inc. BCS ProSoft, Inc. IT Services - - - 8/27/2018 CloudHealth Technologies, Inc. VMware, Inc.; Dell Technologies, Inc. Enterprise Software 500.00 - - 8/27/2018 AnalytiX Data Services LLC Parallax Capital Partners LLC; erwin, Inc. Data & Analytics - - - 8/27/2018 Info-Link Technologies, Inc. NuMSP LLC IT Services - - - 8/27/2018 Workplace Training, Inc. American Association for Laboratory Accreditation, Inc. Other SaaS - - - 8/24/2018 ModoPayments LLC Deutsche Bank AG Financial Technology 100.00 - - 8/24/2018 SCWorx Corp. Alliance MMA, Inc. Enterprise Software - - - 8/24/2018 TrustPath, Inc. Zscaler, Inc. Other SaaS - - - 8/24/2018 DubLabs LLC Y Combinator LLC; OOHLALA Mobile, Inc. Other SaaS - - - 8/23/2018 Onguard Systems, Inc. (Louisiana) 3SG Plus LLC IT Security - - - 8/23/2018 Brandzam.com Tungsten Branding, Inc. Infrastructure/Hosting - - - 8/23/2018 Lackner Buckingham LLC Acumium LLC Marketing Software - - - 8/23/2018 Blueprint Registry, Inc. David's Bridal, Inc.; Leonard Green & Partners LP; Clayton Other SaaS - - - Dubilier & Rice LLC 8/22/2018 Oryx Gaming International LLC Breaking Data Corp. IT Services 10.16 1.53x - 8/22/2018 Rock-Pond Solutions, Inc. Mediware Information Systems, Inc.; TPG Capital LLC Healthcare IT - - - 8/22/2018 Network Communications, Inc. (Texas) Conterra Ultra Broadband Holdings, Inc.; Court Square Data & Analytics - - - Capital Partners 8/22/2018 PaperRater.com Barnes & Noble Education, Inc. Other SaaS - - - 8/22/2018 Fog Creek Software Inc (Manuscript Project Devfactory Fz LLC Enterprise Software - - - Mgmt Solution Business) 8/22/2018 Midrange Performance Group, Inc. Split Rock Partners LLC; Help/Systems LLC; HGGC LLC Enterprise Software - - - 8/21/2018 Direct Valuation Solutions, Inc. Pro-Teck Services Ltd. Other SaaS - - - 8/21/2018 FiftyThree, Inc. WeTransfer BV Other SaaS - - - 8/21/2018 StorReduce, Inc. Pure Storage, Inc. Data & Analytics - - - 8/21/2018 Healthnotes, Inc. TraceGains, Inc. Healthcare IT - - - 8/21/2018 DataSight, Inc. LED Lighting Co., Inc. IT Services - - - 8/21/2018 Miria Systems, Inc. Output Services Group, Inc. Infrastructure/Hosting - - - 8/21/2018 KCA Technologies LLC Siebert Financial Corp. Financial Technology 0.69 - - 8/21/2018 Opalytics, Inc. Accenture LLP Supply Chain Software - - - 8/20/2018 Predikto, Inc. United Technologies Corp. Data & Analytics - - - 8/20/2018 EZUniverse, Inc. DTT Surveillance, Inc. Data & Analytics - - - 8/20/2018 Nodechain, Inc. Shareholders Financial Technology 0.61 - - 8/20/2018 cPanel, Inc. Oakley Capital Ltd. (Private Equity); Plesk International GmbH Infrastructure/Hosting - - - 8/20/2018 Strategic BCP, Inc. SAI Global Pty Ltd. Enterprise Software - - - 8/20/2018 Integral Solutions Group Immedion LLC IT Services - - - 8/16/2018 Trinium Technologies LLC Wisetech Global Ltd. Supply Chain Software 68.60 - - 8/16/2018 CodeGuard, Inc. Francisco Partners Management LP; Comodo CA Ltd. Infrastructure/Hosting - - - 8/16/2018 Approved Technologies, Inc. Credit Karma, Inc. Financial Technology - - - 8/16/2018 K-MAC Sports, LLC VYPE Media LLC Marketing Software - - - 8/15/2018 Public Radio Exchange Public Radio International, Inc. Other SaaS - - - 8/15/2018 8ninths, Inc. The Valence Group, Inc. Other SaaS - - - 8/15/2018 Wolfinger Forensics LLC Everest Technologies Co. LLC IT Security - - - 8/15/2018 TRANSAX, Inc. Providence Equity Partners LLC; Synergy Commerce LLC Financial Technology - - - 8/15/2018 Mevoked, Inc. WellBrain, Inc. Healthcare IT - - - 8/15/2018 SugarCRM, Inc. Accel-KKR LLC Enterprise Software 100.00 - - 8/15/2018 Distributed Systems, Inc. Coinbase, Inc.; Reinventure Group Pty Ltd.; Tusk Ventures IT Services - - - LLC 8/14/2018 TradeTapp, Inc. Lightspeed Management Co. LLC; Crosslink Capital, Inc. Financial Technology - - - (Venture Capital); Freestyle Capital LLC; Brookfield Asset Management; Bee Partners LLC; Homebrew Management LLC; Brick & Mortar Ventures LLC; BuildingConnected, Inc. 8/14/2018 XCEL Testing Solutions LLC Securities Training Corp. Other SaaS - - - 8/14/2018 Bodhtree Consulting LLC (IT & IT Business) Bodhtree Consulting Ltd. IT Services - - - 8/14/2018 Medvensys Advalent Corp. Healthcare IT - - - 8/14/2018 DealCloud, Inc. Temasek Capital Pte Ltd.; Great Hill Partners LP; Integration Enterprise Software - - - Appliance, Inc. 8/14/2018 RGB Notes LLC Nimble Collective, Inc. Other SaaS - - - 8/14/2018 Limnu, Inc. ZipSocket, Inc. Other SaaS - - - 8/14/2018 Eyenalyze, Inc. Rising Sun Ventures Enterprise Software - - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 8/14/2018 Stayup, Inc. IMVU, Inc. Other SaaS - - - 8/14/2018 CourtesyCloud Management Solutions LLC H.I.G. Capital LLC (Private Equity); Velocity Solutions LLC Financial Technology - - - 8/13/2018 Quorum Business Solutions, Inc. Thoma Bravo LLC IT Services 740.00 - - 8/13/2018 Wazee Digital, Inc. Veritone, Inc. Enterprise Software 12.57 0.66x - 8/13/2018 Exactuals LLC City National Bank (Los Angeles, California); RBC USA Holdco Financial Technology - - - Corp. 8/13/2018 HingePoint LLC WCI Consulting, Inc. Enterprise Software - - - 8/13/2018 Seritus Solutions LLC Dominion Leasing Software LLC Financial Technology - - - 8/13/2018 Relus Technologies LLC Blackstone Corporate Private Equity; Cloudreach Europe Ltd. IT Services - - - 8/13/2018 projekt202 LLC Amdocs Ltd. Marketing Software - - - 8/13/2018 Clutch Technologies LLC Cox Automotive, Inc. Other SaaS - - - 8/10/2018 KnowRe Americas, Inc. Daekyo Co., Ltd. Other SaaS - - - 8/10/2018 Kurbo Health, Inc. Weight Watchers International, Inc. Other SaaS 3.06 - - 8/9/2018 Pillar Technology Group LLC Accenture Plc IT Services - - - 8/9/2018 ChainPerks, Inc. Access Industries, Inc. (New York); Yotpo Ltd. Marketing Software - - - 8/9/2018 RapidScale, Inc. Cox Communications, Inc.; Cox Business Services LLC Infrastructure/Hosting - - - 8/9/2018 Dell EMC, Inc. (Service Assurance Suite VMware, Inc. Other SaaS - - - Business) 8/9/2018 Discovery Data, Inc. Northlane Capital Partners, LLC; Shareholders Financial Technology - - - 8/9/2018 Maverick Technology Solutions, Inc. Licont Corp. IT Services - - - 8/8/2018 Cloud Lending, Inc. Q2 Holdings, Inc. Financial Technology 105.00 - - 8/8/2018 Grady Enterprises, Inc. Wunderman, Inc. Marketing Software 80.00 2.19x - 8/8/2018 KPA Services LLC Providence Equity Partners LLC Enterprise Software - - - 8/8/2018 Memberful LLC Patreon, Inc. Other SaaS - - - 8/8/2018 Avid Ai, Inc. Flipps Media, Inc.; Earlybird Venture Capital GmbH & Co. KG Other SaaS - - - 8/8/2018 Northway Mining LLC Rich Cigars, Inc. Financial Technology 3.43 - - 8/8/2018 Oceanos Marketing, Inc. TechTarget, Inc. Marketing Software 0.60 - - 8/7/2018 Just1Word, Inc. Salem Media Group, Inc. Other SaaS 0.40 - - 8/7/2018 Alegeus Technologies LLC Vista Equity Partners Management LLC Financial Technology 750.00 - - 8/7/2018 Syndeo Technologies, Inc. ABRY Partners LLC; NexusTek, Inc. IT Services - - - 8/7/2018 Decision Consultants, Inc. (Arizona) ABRY Partners LLC; NexusTek, Inc. IT Services - - - 8/6/2018 Conduent, Inc. (Software Solutions Business) Mill Point Capital LLC; Avenu Insights & Analytics LLC IT Services - - - 8/6/2018 Secure Designs, Inc. Apollo Capital Management LP; ADT, Inc. Infrastructure/Hosting - - - 8/6/2018 Cirrus Group LLC (MI) TA Associates Management LP; Procare Software LLC Enterprise Software - - - 8/6/2018 Visual Data Systems, Inc. Blue Tent Marketing LLC IT Services - - - 8/6/2018 Syscom (USA), Inc. ITOCHU Techno-Solutions Corp.; ITOCHU Techno-Solutions Other SaaS - - - America, Inc. 8/3/2018 Enid Typewriter Co. Standley's Systems, Inc. Enterprise Software - - - 8/3/2018 Payroll Express LLC GEX Management, Inc. Financial Technology 0.96 - - 8/3/2018 Fueltrac, Inc. Mansfield Energy Corp. Supply Chain Software - - - 8/3/2018 Data Strategy LLC H.I.G. Capital LLC (Private Equity); Trace3, Inc. Data & Analytics - - - 8/3/2018 Local Lead Link LLC Wellspring Search LLC Other SaaS - - - 8/2/2018 Treasure Data, Inc. SVF Holdco (UK) Ltd. Data & Analytics 600.00 - - 8/2/2018 AdvancedMD, Inc. Global Payments, Inc. Healthcare IT 700.00 - - 8/2/2018 Credera Technologies, Inc. Omnicom Precision Marketing Group IT Services - - - 8/2/2018 Guardvant, Inc. Hexagon AB Supply Chain Software - - - 8/2/2018 Mainframe2, Inc. Nutanix, Inc. Other SaaS 115.89 - - 8/2/2018 IMI Exchange, Inc. Pati Games Corp. Data & Analytics 62.46 - - 8/2/2018 Sales Hacker, Inc. Outreach Corp. Other SaaS - - - 8/2/2018 Conquest RT LLC Wolfepak Software LLC Other SaaS - - - 8/2/2018 Aleyant Systems LLC Volaris Group, Inc. Other SaaS - - - 8/2/2018 Whole Tomato Software, Inc. TA Associates Management LP; IDERA, Inc. Data & Analytics - - - 8/2/2018 SecurView, Inc. RAG-Stiftung Beteiligungsgesellschaft mbH IT Security - - - 8/1/2018 Cardinal Solutions Group, Inc. Insight Enterprises, Inc. IT Services 79.00 - - 8/1/2018 Cloudware LLC Mediware Information Systems, Inc.; TPG Capital LLC Enterprise Software - - - 8/1/2018 AMS Legal LLC HighQ Solutions Ltd. Other SaaS - - - 8/1/2018 Afinety, Inc. Bluff Point Associates Corp.; Netgain Technology LLC IT Services - - - 8/1/2018 Vitals.com WebMD Health Corp. Healthcare IT - - - 8/1/2018 LifeCubby LLC Excelligence Learning Corp.; Brentwood Associates Other SaaS - - - 8/1/2018 TravelClick, Inc. Amadeus IT Group SA Data & Analytics 1,520.00 - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 7/31/2018 Accruent LLC Fortive Corp. Other SaaS 2,000.00 - - 7/31/2018 Eze Software Group LLC SS&C Technologies Holdings, Inc. Financial Technology 1,450.00 5.18x 13.81x 7/31/2018 Alces Technology, Inc. QUALCOMM Ventures; Samsung Ventures America; Mantis Other SaaS 10.00 - - Vision Ltd.; Formation8 Partners LLC; Flextronics Lab IX 7/31/2018 SpringCM, Inc. DocuSign, Inc. Enterprise Software 220.00 - - 7/31/2018 Dattus, Inc. Francisco Partners Management LP; Plex Systems, Inc. Other SaaS - - - 7/31/2018 Synetra, Inc. Computex Technology Solutions, Inc. Infrastructure/Hosting - - - 7/31/2018 Agribotix LLC AgEagle Aerial Systems, Inc. Other SaaS 1.35 - - 7/31/2018 Lynx Technology Partners, Inc. (Managed IT AlphaRidge, Inc. IT Services - - - Services Business) 7/31/2018 Bluebird Auto Rental Systems LP Valsoft Corp. Other SaaS - - - 7/31/2018 Health Information Designs LLC Apax Partners (UK) Ltd.; Keystone Peer Review Organization, Healthcare IT - - - Inc. 7/31/2018 ALS Resolvion, LLC Spanos Barber Jesse & Co. LLC Financial Technology - - - 7/31/2018 Dependable Global Solutions, Inc. Arlington Capital Partners LLC; Integrity Applications, Inc. IT Security - - - (Virginia) 7/31/2018 Germane Systems LC Mercury Systems, Inc. IT Security 45.00 - - 7/31/2018 Agren, Inc. Land O'Lakes, Inc. Other SaaS - - - 7/31/2018 ThinkIT Solutions LLC NuMSP LLC IT Services - - - 7/31/2018 PadillaCRT AVENIR GLOBAL, Inc. Marketing Software - - - 7/31/2018 Comm-N-Sense Corp. AgroFresh Solutions, Inc. Other SaaS 1.80 - - 7/31/2018 CompuData Products, Inc. Staples, Inc.; Sycamore Partners Management LP Other SaaS - - - 7/31/2018 Aegis Identity Software, Inc. Global Technology Resources, Inc. IT Security - - - 7/30/2018 Ticomix, Inc. (Managed & Infrastructure Support Norwest Equity Partners; Marco Technologies LLC Infrastructure/Hosting - - - Services) 7/30/2018 ShareIQ, Inc. Cision Ltd. Other SaaS - - - 7/30/2018 Investor Force, Inc. Investment Metrics LLC; Resurgens Technology Partners LLC Other SaaS - - - 7/30/2018 Reasoning Mind, Inc. Imagine Learning, Inc.; Weld North Education LLC Other SaaS - - - 7/30/2018 MEDAHUB Operations Group, Inc. Acacia Diversified Holdings, Inc. IT Services 0.11 - - 7/30/2018 Galore, Inc. Care.com, Inc. Financial Technology - - - 7/30/2018 Platinum Advisor Marketing Strategies LLC FMG Suite LLC Marketing Software - - - 7/27/2018 Salt Lending Holdings, Inc. Nexo AG Financial Technology - - - 7/27/2018 DataFrameworks, Inc. Dell Technologies, Inc. Data & Analytics - - - 7/26/2018 Prevoty, Inc. Imperva, Inc. IT Security 150.60 - - 7/26/2018 Draker Corp. Also Energy, Inc. Other SaaS - - - 7/26/2018 Improving Holdings LLC Trinity Hunt Partners IT Services - - - 7/26/2018 Zepp Labs, Inc. Huami Corp. Other SaaS - - - 7/26/2018 The Escapist Enthusiast Gaming Media, Inc. Other SaaS - - - 7/26/2018 Victory Parade Software LLC Magic AI Corp. Healthcare IT - - - 7/26/2018 Indusa Technical Corp. Sverica Capital Management LLC; Synoptek LLC IT Services - - - 7/26/2018 DesertMicro, Inc. Insight Venture Management LLC; Advanced Manufacturing Other SaaS - - - Control Systems Ltd. 7/26/2018 Personify, Inc. Pamlico Capital Management LP Other SaaS - - - 7/25/2018 Global Resource Management, Inc. (Georgia) Trimax Americas Enterprise Software - - - 7/25/2018 Blaze Studios Baycentric LLC IT Services - - - 7/25/2018 Avatech, Inc. Mammut Sports Group AG; Mammut Sports Group, Inc. Supply Chain Software - - - 7/24/2018 Figur8 Cloud Solutions LLC All Cloud BSD IT Services 10.00 - - 7/24/2018 REAN Cloud LLC Hitachi Vantara Corp. Enterprise Software 130.00 - - 7/24/2018 Podium Data, Inc. QlikTech International AB; QlikTech Holdings AB Data & Analytics - - - 7/24/2018 Aptean, Inc. (Public Sector Business) Superion LLC; Vista Equity Partners Management LLC Enterprise Software - - - 7/24/2018 Alert Services Corp. HealthLink Dimensions LLC Other SaaS - - - 7/24/2018 Arrow Digital LLC Softvision LLC Marketing Software - - - 7/24/2018 Run Consultants LLC The Crevalle Group LLC IT Services - - - 7/23/2018 Zooz, Inc. PayU Global BV Financial Technology - - - 7/23/2018 KLIK Communications, Inc. FullCircle Registry, Inc. Other SaaS - - - 7/23/2018 Liberty Tax, Inc. Vintage Tributum LP Financial Technology 149.46 0.85x 4.03x 7/23/2018 TriTech Software Systems Superion LLC; Vista Equity Partners Management LLC Other SaaS - - - 7/23/2018 B.A.D Design Corp. Rocket Insights, Inc. IT Services - - - 7/23/2018 Token Media Tech LLC 360 Blockchain, Inc. Financial Technology 1.75 - - 7/22/2018 Syntel, Inc. ATOS SE IT Services 3,542.28 3.67x 13.49x 7/21/2018 Paladin Data Systems Corp. Dude Solutions, Inc. Other SaaS - - - 7/20/2018 Charles River Systems, Inc. State Street Corp. IT Services 2,600.00 - - Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 7/20/2018 3Ci International LLC Management Analysis & Utilization, Inc. IT Services - - - 7/20/2018 Advanced Integrated Technologies Inc. Great Hill Partners LP; Esroc LLC Infrastructure/Hosting - - - 7/20/2018 Lightspeed Technologies, Inc. () Integra Business Center, Inc. IT Services - - - 7/20/2018 Professional Systems, Software & Technology PennSpring Capital LLC Data & Analytics - - - 7/20/2018 Cal Net Enterprises LLC ABRY Partners LLC; NexusTek, Inc. IT Services - - - 7/20/2018 StoneTimberRiver LLC SSB Consulting Group LLC Enterprise Software - - - 7/19/2018 LayerOne, Inc. Xyo Network Infrastructure/Hosting - - - 7/19/2018 Paywire, Inc. Payscout, Inc. Financial Technology - - - 7/19/2018 Hack Reactor LLC Galvanize, Inc. Other SaaS - - - 7/19/2018 Boosterville, Inc. Above & Beyond-Business Tools & Svcs for Entrepreneurs, Financial Technology - - - Inc. 7/19/2018 Marsh ClearSight LLC Riskonnect, Inc.; Thoma Bravo LLC Financial Technology - - - 7/18/2018 Tricast LLC Brown & Brown, Inc. Healthcare IT - - - 7/18/2018 PowerStorm Technologies LLC 10Pearls LLC Other SaaS - - - 7/18/2018 Irongrid Data Services LLC Anthem Venture Management LLC; ZenShin Capital Partners Data & Analytics - - - LLC; Startup Capital Ventures Management Company, LLC; Wavemaker Partners LLC; VideoAmp, Inc. 7/18/2018 ScaleFT, Inc. Okta, Inc. Other SaaS 15.60 - - 7/18/2018 HawXeye, Inc. Bossa Nova , Inc. Other SaaS - - - 7/18/2018 Blue Software LLC Esko NV Other SaaS - - - 7/18/2018 FundAmerica LLC Prime Trust LLC Financial Technology - - - 7/18/2018 Compassmax Clearent Software Holdings LLC Other SaaS - - - 7/18/2018 EvaluationKIT LLC Quad Partners LLC; TCMI, Inc.; Exceed Capital Partners; Other SaaS - - - Watermark Insights LLC 7/18/2018 CharitySTRONG, Inc. Governance Matters, Inc. Other SaaS - - - 7/17/2018 Abacus Labs, Inc. Certify, Inc.; K1 Investment Management LLC Enterprise Software - - - 7/17/2018 OnRamp Access LLC Anschutz Co.; LightEdge Solutions, Inc. Infrastructure/Hosting - - - 7/17/2018 Highground Enterprise Solutions, Inc. Vista Equity Partners Management LLC; YouEarnedIt Inc. Enterprise Software - - - 7/17/2018 Missions.ai Slack Technologies, Inc. Other SaaS - - - 7/17/2018 Headwave, Inc. Bluware, Inc. Other SaaS - - - 7/17/2018 thinqonline MIG Global Ltd. Data & Analytics - - - 7/17/2018 AppLovin Corp. KKR & Co., Inc. Marketing Software 1,194.03 - - 7/16/2018 Donnelley Language Solutions SDL Plc Other SaaS 77.50 - - 7/16/2018 Elead1one CDK Global, Inc. Enterprise Software - - - 7/16/2018 Agrible, Inc. Nutrien Ltd. Data & Analytics 63.00 - - 7/16/2018 Datorama, Inc. salesforce.com, inc. Marketing Software 800.00 - - 7/16/2018 The End Result Co. LLC Genstar Capital LLC; SPay, Inc. Data & Analytics - - - 7/16/2018 Botplan, Inc. Helloalex, Inc. Other SaaS - - - 7/16/2018 Net-Ability LLC KeyCentrix LLC IT Services - - - 7/16/2018 Socrative, Inc. Azure Capital Partners, Inc.; Imagine K12 LLC; Showbie, Inc. Other SaaS - - - 7/16/2018 Equipmentfacts LLC Sandhills Publishing Co. Financial Technology - - - 7/16/2018 CentreSource, Inc. Gun.io IT Services - - - 7/16/2018 1026 Labs, Inc. Intel Corp. Other SaaS - - - 7/12/2018 Fan Pass, Inc. Shareholders Other SaaS - - - 7/12/2018 TapInfluence, Inc. IZEA, Inc. Marketing Software 7.08 1.20x - 7/12/2018 Kogentix, Inc. Accenture Plc IT Services - - - 7/12/2018 JumpSeat LeapPoint LLC Other SaaS - - - 7/12/2018 PlasmaNet, Inc. Lottogopher Holdings, Inc. Data & Analytics 4.02 - - 7/12/2018 Intellinet Corp. FPT Corp. IT Services 55.56 - - 7/12/2018 Safe Banking Systems Software LLC Accuity, Inc. Financial Technology - - - 7/12/2018 Cellmic LLC NOWDiagnostics, Inc. Healthcare IT - - - 7/11/2018 Bustr, Inc. Global Charter Services Ltd. Financial Technology - - - 7/11/2018 CA, Inc. Broadcom, Inc. Enterprise Software 18,201.89 4.39x 12.58x 7/11/2018 Plexchat, Inc. WB Games, Inc.; Warner Bros. Home Entertainment, Inc. Other SaaS - - - 7/11/2018 Gyrosity Projects Stadiumred, Inc. Marketing Software - - - 7/11/2018 Pomeroy IT Solutions, Inc. Getronics BV Infrastructure/Hosting - - - 7/11/2018 Fishtree, Inc. Follett Corp. Other SaaS - - - 7/10/2018 Ataata, Inc. Mimecast Ltd. IT Security - - - 7/10/2018 Trusted Metrics, Inc. SolarWinds Worldwide LLC IT Security - - - 7/10/2018 MakeTime, Inc. GE Ventures LLC; Xometry, Inc.; Highland Capital Partners Financial Technology - - - LLC; BMW i Ventures LLC Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 7/10/2018 Meditation Studio LLC InteraXon, Inc. Other SaaS - - - 7/10/2018 Zumasys, Inc. ABRY Partners LLC; NexusTek, Inc. IT Services - - - 7/10/2018 AlienVault, Inc. AT&T, Inc. IT Security 600.00 - - 7/10/2018 Digital Traffic Systems, Inc. Sterling Fund Management LLC; Deangelo Brothers LLC Data & Analytics - - - 7/10/2018 Machinio Corp. Liquidity Services, Inc. Other SaaS 25.00 - - 7/10/2018 Butter AI Corp. Box, Inc. Other SaaS - - - 7/10/2018 Centrify Corp. Thoma Bravo LLC IT Security - - - 7/10/2018 SWC Technology Partners LLC BDO USA LLP; BDO International Ltd. IT Services - - - 7/10/2018 Title XI Software Solutions, Inc. Kurtzman Carson Consultants LLC Financial Technology - - - 7/9/2018 Assemble Systems, Inc. Autodesk, Inc. Other SaaS - - - 7/9/2018 Nuesoft Technologies, Inc. AdvancedMD, Inc.; Marlin Management Co. LLC Healthcare IT - - - 7/9/2018 Summit Technology Consulting Group LLC The Cape Cod Five Cents Savings Bank Enterprise Software - - - 7/9/2018 Cavin's Business Solutions, Inc. DEX Imaging, Inc. Other SaaS - - - 7/4/2018 MWA Intelligence, Inc. Konica Minolta Business Solutions USA, Inc. Enterprise Software - - - 7/3/2018 Homezen, Inc. Breakout Capital LLC IT Services - - - 7/3/2018 Node40 LLC Shareholders Infrastructure/Hosting - - - 7/2/2018 Kx Systems, Inc. First Derivatives Plc Data & Analytics 154.60 - - 7/2/2018 The Gordian Group, Inc. Fortive Corp. Other SaaS 775.00 - - 7/2/2018 ADS Data Systems, Inc. Bluff Point Associates Corp.; Consolo Services Group, Inc. Healthcare IT - - - 7/2/2018 StudyBlue, Inc. Chegg, Inc. Other SaaS 20.80 - - 7/2/2018 K&R Network Solutions, Inc. Riverside Partners LLC (New York); Winxnet, Inc. IT Services - - - 7/2/2018 CyberLancers LLC (Sitefinity Practice) BlueModus, Inc. Other SaaS - - -