Sectorwatch: IT Consulting February 2020 IT Consulting February 2020 Sector Dashboard [4]

Public Basket Performance [5]

Operational Metrics [7]

Valuation Comparison [10]

Recent Deals [13]

Appendix [15]

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only in conjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated as confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error. 2 Overview

7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus.

Dashboard Valuation Comparison • Summary metrics on the sector • Graphical, detailed comparison of valuation • Commentary on market momentum by multiples for the public basket comparing the most recent 12-month performance against the last 3-year averages.

Public Basket Performance Recent Deals • Summary valuation and operating metrics for • The most recently announced deals in the a basket of comparable public companies sector

3 Dashboard

Operating Metrics Revenue Growth 1 - year revenue growth compared to revenue growth Median LTM GP Margin % 31.5% -0.3% average for last 3 years Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining Median LTM EBITDA Margin % 15.7%

Pricing / Gross Margin Median LTM Rev. Growth % 8.3% 1 - year gross profit % compared to gross profit % -1.3% average for last 3 years 0% 10% 20% 30% 40% Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power Valuation

Profitability Momentum Median Price / LTM Earnings 23.3x 1 - year EBITDA % compared to EBITDA % average for 0.4% last 3 years Median TEV / LTM EBIT 18.3x Current EBITDA margin exceeds the average of the last 3 years EBITDA margin by this amount, a condition that may attract new entrants Median TEV / LTM EBITDA 15.7x

Median TEV / LTM Revenue 2.7x

0x 10x 20x 30x

4 Public Basket

Rev TEV / LTM Rev Growth EBITDA TEV / EBITDA Rev / Company TEV $m $m YoY GP % % Rev X X # FTEs FTE $k

Perficient, Inc. 1,724 566 13% 37% 14% 3.1 21.6 3,454 164 Reply S.p.A. 2,788 1,283 17% 15% 13% 2.3 16.5 7,606 169 EPAM Systems, Inc. 11,755 2,294 24% 35% 15% 5.1 27.9 36,700 63 CGI Inc. 22,042 9,408 5% 31% 17% 2.4 13.5 77,500 121 Capgemini SE 22,976 15,851 7% 12% 13% 1.5 11.7 219,300 72 NTT DATA Corporation 23,592 20,749 6% 25% 15% 1.2 7.7 123,884 167 Cognizant Technology Solutions Corporation 35,276 16,783 4% 37% 20% 2.1 10.0 292,500 57 Infosys Limited 44,615 12,642 10% 32% 24% 3.6 14.9 228,123 55 Tata Consultancy Services Limited 106,036 21,780 10% 44% 26% 4.9 18.5 424,285 51 Accenture plc 127,770 43,968 5% 31% 16% 2.9 18.1 492,000 89 Average 39,857 14,532 10% 30% 17% 2.9 16.0 190,535 101 Median 23,284 14,247 8% 32% 16% 2.7 15.7 171,592 81 share price as of 24Feb20

5 Public Basket Valuation Trends

18x Public EBITDA Multiples over Time

20x 16x 15x 10x 14x 5x 0x

12x

Feb-16 Feb-17 Feb-18 Feb-19 Feb-20

Aug-15 Aug-16 Aug-17 Aug-18 Aug-19

Nov-15 Nov-16 Nov-17 Nov-18 Nov-19

May-16 May-17 May-18 May-19 10x 13.3x May-15 TEV/EBITDA - Median TEV/EBITDA - Average 8x

6x Public Revenue Multiples over Time 3x 4x 2.2x 2x 1x 2x 0x

Feb-16 Feb-17 Feb-18 Feb-19 Feb-20

Aug-19 Aug-15 Aug-16 Aug-17 Aug-18

Nov-15 Nov-16 Nov-17 Nov-18 Nov-19

May-18 May-15 May-16 May-17 May-19

Feb-16 Feb-17 Feb-18 Feb-19 Feb-20

Aug-19 Aug-15 Aug-16 Aug-17 Aug-18

Nov-15 Nov-16 Nov-17 Nov-18 Nov-19

May-16 May-17 May-18 May-19 May-15 TEV/Revenue - Median TEV/Revenue - Average

TEV/EBITDA - Median TEV/Revenue - Median TEV/EBITDA - Average TEV/Revenue - Average

6 Operational Metrics

LTM Gross Profit Margin % LTM EBITDA %

Tata Consultancy Services Tata Consultancy Services Limited Limited

Perficient, Inc. Infosys Limited

Cognizant Technology Cognizant Technology Solutions Corporation Solutions Corporation

EPAM Systems, Inc. CGI Inc.

Infosys Limited Accenture plc

Accenture plc EPAM Systems, Inc.

CGI Inc. NTT DATA Corporation

NTT DATA Corporation Perficient, Inc.

Reply S.p.A. Capgemini SE

Capgemini SE Reply S.p.A.

Median Median

- 20% 40% 60% - 10% 20% 30%

7 Operational Metrics

LTM Revenue per LTM Revenue Growth % Full Time Employee x 000’s

EPAM Systems, Inc. Perficient, Inc.

Reply S.p.A. Reply S.p.A.

Perficient, Inc. NTT DATA Corporation

Tata Consultancy Services CGI Inc. Limited

Infosys Limited Accenture plc

Capgemini SE Capgemini SE

NTT DATA Corporation EPAM Systems, Inc.

Cognizant Technology Accenture plc Solutions Corporation

CGI Inc. Infosys Limited

Cognizant Technology Tata Consultancy Services Solutions Corporation Limited

Median Median

- 10% 20% 30% $- $50 $100 $150 $200

8 Operational Metrics

Average Days Accounts Receivable Turnover Sales Outstanding

Accenture plc Infosys Limited

EPAM Systems, Inc. Reply S.p.A.

NTT DATA Tata Consultancy Corporation Services Limited

CGI Inc. Perficient, Inc.

Cognizant Cognizant Technology Technology Solutions… Solutions…

Perficient, Inc. CGI Inc.

Tata Consultancy NTT DATA Services Limited Corporation

Reply S.p.A. EPAM Systems, Inc.

Infosys Limited Accenture plc

Median Median

0x 2x 4x 6x 0 20 40 60 80 100

9 Valuation

TEV / LTM Revenue TEV / LTM EBITDA

EPAM Systems, Inc. EPAM Systems, Inc.

Tata Consultancy Perficient, Inc. Services Limited

Tata Consultancy Infosys Limited Services Limited

Perficient, Inc. Accenture plc

Accenture plc Reply S.p.A.

CGI Inc. Infosys Limited

Reply S.p.A. CGI Inc.

Cognizant Capgemini SE Technology…

NTT DATA NTT DATA Corporation Corporation

Median Median

0x 1x 2x 3x 4x 5x 6x 0x 10x 20x 30x

10 Valuation

TEV / LTM EBIT Price / LTM Earnings

EPAM Systems, Inc. EPAM Systems, Inc.

Perficient, Inc. Perficient, Inc.

Reply S.p.A. Accenture plc

Tata Consultancy Reply S.p.A. Services Limited

Tata Consultancy Accenture plc Services Limited

NTT DATA Capgemini SE Corporation

NTT DATA CGI Inc. Corporation

Infosys Limited CGI Inc.

Capgemini SE Infosys Limited

Cognizant Cognizant Technology… Technology…

Median Median

0x 20x 40x 60x 0x 20x 40x 60x

11 Valuation

Historical Valuation Multiples Historical Valuation Multiples versus Gross Profit versus Revenue Growth Rate

30x 30% 30x 50%

44.4% 45% 24.5% 25x 25x 25% 40% 36.6%

35% 32.0% 31.1% 37.4% 20x 20% 20x 30.7% 35.1% 17.4% 30%

15x 25% 15x 15% 25.4%

20%

10x 10x 13.5% 10% 15% 7.0% 10.3% 14.7% 5.8% 9.5% 12.3% 10%

5x 5x 5%

LTM GP% LTM EBITDA(x) EBITDA(x) 5.4% 4.7% RGR% LTM 5% 4.1% 8x 10x 12x 13x 15x 17x 18x 19x 22x 28x 8x 10x 12x 13x 15x 17x 18x 19x 22x 28x 0x 0% 0x 0%

EBITDA(x) LTM GP% EBITDA(x) LTM RGR%

12 Recent Transactions

Total Transaction Target TEV / TEV / Date Target Buyer / Investor Value Revenue Revenue EBITDA

25Feb20 Segue Technologies Inc. Tetra Tech, Inc. - - - - 17Feb20 Modern Computer Systems MSP Solution Tech - - - - 5Feb20 ZoftNow Inc. Prodigy Ventures Inc. 0.54 - - - 28Jan20 Performance Improvement Partners, LLC Erie Street Capital - - - - 24Jan20 Blackstone Federal ECS Federal, LLC 85.00 44.00 1.9x - 19Jan20 Pactera Technology International Ltd. China Electronics Corporation - - - - 8Jan20 Sistemas Informáticos Abiertos, S.A. Indra Sistemas, S.A. - - - - 7Jan20 BZW Consulting Group, Inc. The Pinnacle Group - - - - 6Jan20 NEF, Inc. CBRE Group, Inc. - - - - 6Jan20 All the Assets Of MedTouch LLC Perficient, Inc. - 13.00 - - 12Dec19 Source Support Services, Inc. Capitala Group - - - - 14Nov19 Codalis SA Bechtle AG - 10.13 - - 31Oct19 Yotabites Consulting LLC ProKarma Inc. - - - - 8Nov19 Virtual Clarity Limited DXC Technology Company - - - - 5Nov19 Naya Pai Technologies Ltd EPAM Systems, Inc. - - - - 31Oct19 Backbone Enterprises, Inc. CynergisTek, Inc. 11.00 - - - 30Oct19 Statêra, Inc Navint Partners, LLC - - - - 6Sep19 iC-1 Solutions, LLC Swift Group Holdings, LLC 25.50 - - - 24Oct19 DYNARDO (Dynamic Software and Engineering) GmbH ANSYS, Inc. 33.29 - - -

23Oct19 Global IT SOS SmartSource, Inc. - - - - 21Oct19 pernexas GmbH Alfresco Software, Inc. - - - - 14Oct19 PeopleWare ICT Solutions B.V. Proact IT Group AB (publ) 18.73 30.86 0.6x - 24Sep19 Locus Telecommunication Inc., Ltd. NTT DATA Asia Pacific Pte. Ltd. - - - - 10Sep19 Pragsis Technologies S.L. Accenture plc - - - -

26Aug19 Beijing Transtrue Technology Inc. Suzhou Longyue Holdings Co., Ltd. 62.54 117.23 1.3x 26.5x 28Aug19 BASS Systems S.R.L. S&T AG 6.36 - - -

13 IT Consulting February 2020 APPENDIX:

Public Basket

Constituents

Public Basket 3x

Perficient, Inc. 0x Perficient, Inc. provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software TEV/Revenue Average products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, EBITDA Multiples - Perficient, Inc. collaborative systems for process improvement, transaction 30x processing, unified and extended reporting, and other services; 20x and platform implementations services, including application server selection, architecture planning, installation and 10x configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations. 0x Perficient, Inc. was founded in 1997 and is headquartered in St. Louis, Missouri. TEV/EBITDA Average Date Key Development Headline 1/5/20 Perficient, Inc. (NasdaqGS:PRFT) acquired All of the Assets Of P/E Multiples - Perficient, Inc. MedTouch LLC. 5/21/19 Perficient, Inc. (NasdaqGS:PRFT) completed the acquisition of 60x the assets of Sundog Interactive, Inc. 5/12/19 Perficient, Inc. (NasdaqGS:PRFT) entered into a purchase 45x agreement to acquire the assets of Sundog Interactive, Inc for 30x $14 million. 15x 0x

P/E Average

15 Revenue Multiples - Reply S.p.A. Public Basket 3x 2x

Reply S.p.A. 0x Reply S.p.A. provides consulting, system integration, application management, and business process outsourcing services in Italy TEV/Revenue Average and internationally. The company implements solutions based on communication channels and digital media. It provides Brick Reply, a manufacturing operations management platform for the EBITDA Multiples - Reply S.p.A. 30x management and control of a smart factory; Click Reply, a supply chain execution platform; Definio Reply, a technological 20x platform for collection, analysis, control, processing, and distribution of financial data; Discovery Reply, a platform for the 10x digital media management projects; and Gaia Reply platform for use in the field of mobility and multimedia. The company also 0x offers Hi engage, a commercial contextual marketing solution; Pay Reply platform that provides mobile payment solutions, as well as helps banks, financial institutions and TEV/EBITDA Average telecommunications companies, utilities, and retailers to create and deliver remote and proximity payment services; SideUp P/E Multiples - Reply S.p.A. Reply, a software application for warehouse management; 40x Starbytes, an online employment service for freelancers and ICT 30x specialists; The company was founded in 1996 and is headquartered in Turin, Italy. 20x 10x

0x Date Key Development Headline 2/28/19 Deutsche Telekom Partners with Reply to Develop Open-Source Backhaul System 4/9/18 Reply S.p.A. (BIT:REY) acquired a majority stake in Valorem P/E Average Consulting Group, LLC.

16 Revenue Multiples - EPAM Systems, Inc. Public Basket 6x 4x

EPAM Systems, Inc. 0x EPAM Systems, Inc. provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product TEV/Revenue Average development services, including product research, customer experience design, prototyping, program management, EBITDA Multiples - EPAM Systems, Inc. 40x component design and integration, lifecycle software testing, product deployment, end-user customization, performance 30x tuning, product support and maintenance, managed services, 20x and porting and cross-platform migration. The company provides 10x custom application development services, such as business and technical requirement analysis, user experience design, solution 0x architecture creation and validation, development, component design and integration, quality assurance and testing, deployment, performance tuning, support and maintenance, TEV/EBITDA Average legacy applications re-engineering/refactoring, porting and cross- platform migration, and documentation. The company was P/E Multiples - EPAM Systems, Inc. founded in 1993 and is headquartered in Newtown, 120x Pennsylvania. 90x

60x Date Key Development Headline 11/4/19 EPAM Systems, Inc. (NYSE:EPAM) acquired NAYA 30x Technologies. 0x 7/1/19 EPAM Systems, Inc. acquired Competentum Group. 5/9/19 EPAM To Seek Investments 5/8/19 EPAM Systems, Inc. (NYSE:EPAM) acquired testCloud.de GmbH for approximately $17.3 million. P/E Average

17 Revenue Multiples - CGI Inc. 4x Public Basket 3x 2x

CGI Group Inc. 0x CGI Group Inc. provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio TEV/Revenue Average management, quality assurance and testing, modernization, and migration services; agile, business transformation, change EBITDA Multiples - CGI Inc. 20x management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business 15x consulting services; business-to-business and customer 10x operations support, purchase management, revenue management, and supplier payment services; and data center 5x facilities and management, technical service desk, printing and 0x document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file TEV/EBITDA Average sync and share as a service, as well as infrastructure solutions and consulting services. The company was founded in 1976 and P/E Multiples - CGI Inc. is headquartered in Montreal, Canada. 40x

30x Date Key Development Headline 20x 1/19/20 CGI Inc. (TSX:GIB.A) through its subsidiary acquired Meti Logiciels et Services SRL. 10x 1/16/20 CGI Looks for Acquisitions 11/4/19 CGI Inc. (TSX:GIB.A) acquired the remaining 3.9% stake in 0x Acando AB (publ.) for $23.1 million. 9/2/19 CGI Inc. (TSX:GIB.A) acquired Annams Systems Corporation, Inc. P/E Average 4/15/19 CGI Inc. (TSX:GIB.A) completed the acquisition of 77.37% stake in Acando AB (publ.) (OM:ACAN B).

18 Revenue Multiples - NTT DATA Corporation 2.0x Public Basket 1.5x 1.0x

0.5x

NTT DATA Corporation 0.0x NTT DATA Corporation provides consulting, system development, and business information technology (IT) outsourcing services worldwide. The company operates through TEV/Revenue Average four segments: Public & Social Infrastructure, Financial, Enterprise & Solutions, and Global. It offers business consulting EBITDA Multiples - NTT DATA Corporation 15x services, such as business strategy, business process 12x optimization, and organizational change management; and IT consulting services, including IT strategy and governance, 9x information and knowledge management, and program 6x management office consulting services. NTT DATA Corporation 3x is a subsidiary of Nippon Telegraph and Telephone Corporation. 0x

Date Key Development Headline TEV/EBITDA Average 1/29/20 Nippon Telegraph and Telephone Corporation, NTT DATA Corporation, NTT COMWARE Corporation, NTT Communications P/E Multiples - NTT DATA Corporation Corporation, NTT Ltd. and Nippon Telegraph and Telephone East 60x Corporation Begin Joint Study with Denenchofufutaba Gakuen 9/23/19 Japan Exchange Group, Inc. (TSE:8697) completed the 40x acquisition of 97.2% stake in Tokyo Commodity Exchange, Inc. from a group of sellers for ¥5.2 billion. 20x 6/3/19 MagicCube to Form Partnership with NTT DATA Corporation to Secure Next Generation Payments, Acceptance, and Accelerate PCI Certification for Their Joint Customers 0x 4/24/19 TRI-AD, Maxar Technologies and NTT DATA Corporation to Build High-Definition Maps for Autonomous Vehicles from Space

P/E Average

19 Revenue Multiples - Capgemini SE 2.0x Public Basket 1.5x 1.0x

0.5x

Capgemini SE 0.0x Capgemini SE provides consulting, technology, outsourcing, and other managed services. The company’s Consulting Services segment offers services to enhance the performance of TEV/Revenue Average organizations based on the knowledge of client industries and EBITDA Multiples - Capgemini SE processes. Its Technology & Engineering Services segment 20x provides assistance and support to internal IT teams of client companies. The company’s Application Services segment 15x designs, develops, implements, and maintains IT applications, 10x including system integration and application maintenance 5x services. Its Other Managed Services segment integrates, manages, and/or develops client’s IT infrastructure systems, as 0x well as provides transaction, on-demand, and/or business process outsourcing services. Capgemini SE was founded in 1967 and is based in Paris, France. TEV/EBITDA Average

P/E Multiples - Capgemini SE Date Key Development Headline 30x 2/17/20 Capgemini SE (ENXTPA:CAP) entered into an agreement to acquire Advectas AB. 20x 2/9/20 Capgemini SE (ENXTPA:CAP) completed the acquisition of 54.7% stake Altran Technologies S.A. (ENXTPA:ALT) from Altamir SCA (ENXTPA:LTA), Apax Partners SAS, Elliott 10x Management Corporation and others for €2 billion. 6/24/19 Altran Technologies S.A., Capgemini SE - M&A Call 0x 6/23/19 Capgemini SE (ENXTPA:CAP) entered into an agreement to acquire Altran Technologies S.A. (ENXTPA:ALT) from Altamir SCA (ENXTPA:LTA), Apax Partners SAS, Elliott Management Corporation and others for €3.7 billion. P/E Average

20 Revenue Multiples - Cognizant Technology 5x Solutions Corporation Public Basket 4x 3x 2x 1x Cognizant Technology Solutions Corporation 0x Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through TEV/Revenue Average four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It EBITDA Multiples - Cognizant Technology Solutions Corporation offers business, process, operations, and technology consulting 30x services; application design and development, and systems integration services; application testing, consulting, and 20x engineering services; and enterprise information management 10x services. The company was founded in 1994 and is headquartered in Teaneck, New Jersey. 0x

Date Key Development Headline 2/2/20 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) TEV/EBITDA Average acquired Code Zero Consulting. 10/30/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) P/E Multiples - Cognizant Technology completed the acquisition of Contino LTD from Columbia Capital, 50x Solutions Corporation L.P., Top Tier Capital Partners, LLC and others for approximately $240 million. 40x 10/15/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) 30x entered into an agreement to acquire Contino LTD from Columbia 20x Capital, L.P., Top Tier Capital Partners, LLC and others. 8/12/19 Cognizant Technology Solutions To Seek Acquisitions 10x 7/30/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) 0x completed the acquisition of Zenith Technologies Ltd. from GE UK Group and other shareholders. P/E Average

21 Revenue Multiples - Infosys Limited 5x Public Basket 4x 3x 2x 1x Infosys Limited 0x Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business TEV/Revenue Average information technology services, including application development and maintenance, independent validation, EBITDA Multiples - Infosys Limited infrastructure management, and business process management 20x services, as well as engineering services, such as engineering 15x and life cycle solutions; and consulting and systems integration 10x services comprising consulting, enterprise solutions, systems 5x integration, and advanced technologies. Infosys Limited was founded in 1981 and is headquartered in Bengaluru, India. 0x

Date Key Development Headline 2/9/20 Infosys Limited (NSEI:INFY) entered into a definitive agreement TEV/EBITDA Average to acquire Simplus from Salesforce Ventures, Inc., other institutional investors, founders, key employees for $200 million. P/E Multiples - Infosys Limited 10/9/19 Infosys Enters into Strategic Partnership with Eishtec 8/22/19 Infosys and University of Illinois Urbana-Champaign Enter a 30x Strategic Partnership for Precision Medicine 7/12/19 Infosys To Seek Acquisitions 20x 5/9/19 Infosys Seeks Acquisitions 10x

P/E Average

22 Revenue Multiples - Tata Consultancy 10x Services Limited Public Basket 8x 6x 4x 2x Tata Consultancy Services Limited 0x Tata Consultancy Services Limited provides information technology (IT) and IT enabled services worldwide. It offers TEV/Revenue Average CHROMA, a cloud-based talent management platform for enterprises to drive next generation employee experiences across the requisition-to-retire employee lifecycle; ignio, a EBITDA Multiples - Tata Consultancy cognitive automation system for IT operations in enterprises; 30x Services Limited iON, an assessment solution; TAP, an accounts payable 20x platform; and TCS MasterCraft, a digital platform to automate and manage IT processes. Tata Consultancy Services Limited is 10x a subsidiary of Tata Sons Limited. 0x

Date Key Development Headline 9/15/19 Tata Consultancy Services Limited (NSEI:TCS) entered into an TEV/EBITDA Average agreement to acquire Certain Assets of General Motors Technical Technical Centre India Private Limited. 9/5/19 Posten Norge Expands Its Strategic Partnership with TCS to P/E Multiples - Tata Consultancy Services Enable Superior Customer Experience 40x Limited 4/14/19 Tata Consultancy Services To Seek Acquisitions 2/11/19 Tata Consultancy Services Announces Global Partnership with 30x JDA Software to Build Next-Generation Cognitive Solutions 20x 1/10/19 TCS Seeks Acquisitions 10x

P/E Average

23 Revenue Multiples - Accenture plc 4x Public Basket 3x 2x

1x Accenture plc 0x Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology TEV/Revenue Average segment provides professional services that help clients accelerate and deliver digital transformation, and enhance EBITDA Multiples - Accenture plc business results through industry-specific solutions for 30x communications, media, and high tech industries, as well as for software platforms. The company’s Financial Services segment 20x offers services that address profitability pressures, industry consolidation, regulatory changes, and the need to continually 10x adapt to new digital technologies. This segment serves clients in 0x banking, capital markets, and insurance industries. Accenture plc was founded in 1989 and is based in Dublin, Ireland. TEV/EBITDA Average

Date Key Development Headline 2/18/20 Accenture plc (NYSE:ACN) acquired VanBerlo. 40x P/E Multiples - Accenture plc 2/16/20 Accenture plc (NYSE:ACN) acquired Icon Integration Pty Ltd. 30x 2/10/20 Accenture plc (NYSE:ACN) completed the acquisition of maihiro GmbH. 20x 2/2/20 Accenture plc (NYSE:ACN) agreed to acquire Mudano. 10x 1/30/20 Accenture plc (NYSE:ACN) agreed to acquire Workday, Salesforce and U.S. MuleSoft Practices from Sierra-Cedar Group 0x Inc.

P/E Average

24 CONTACT INFO 7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions and provide market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. Securities offered through 7M Securities LLC.

Leroy Davis, Partner 704.899.5962 [email protected]

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