![Digital Transformation January 2020 Digital Transformation January 2020 Sector Dashboard [4]](http://data.docslib.org/img/6fa7a9a8b4f51af489c1accc5b18132b-1.webp)
Sectorwatch: Digital Transformation January 2020 Digital Transformation January 2020 Sector Dashboard [4]
Public Basket Performance [5]
Operational Metrics [7]
Valuation Comparison [10]
Recent Deals [13]
Appendix [14]
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 • The most recently announced deals in the for 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 % -0.5% average for last 3 years 35.2% 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 % 17.0% Pricing / Gross Margin Median LTM Rev. Growth % 8.8% 1 - year gross profit % compared to gross profit % -0.5% average for last 3 years Current gross profit margin is less than the average of the last 3 years gross 0% 10% 20% 30% 40% profit margins, indicating customer pricing power Valuation
Profitability Momentum Median Price / LTM Earnings 26.7x 0.6% 1 - year EBITDA % compared to EBITDA % average for last 3 years Median TEV / LTM EBIT 19.0x 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 16.7x
Median TEV / LTM Revenue 3.3x
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
Endava plc 2,359 374 28% 35% 16% 6.3 40.7 5,754 65 Globant S.A. 4,572 615 24% 39% 18% 7.4 41.6 8,384 73 EPAM Systems, Inc. 12,040 2,166 25% 35% 16% 5.6 35.5 30,156 72 Capgemini SE 24,847 15,632 8% 27% 13% 1.6 12.7 211,313 74 Cognizant Technology Solutions Corporation 32,873 16,628 5% 37% 19% 2.0 10.4 281,600 59 Infosys Limited 44,322 12,642 10% 32% 24% 3.5 14.7 228,123 55 Accenture plc 131,783 43,968 5% 31% 16% 3.0 18.6 492,000 89 International Business Machines Corporation 185,965 77,147 -3% 47% 22% 2.4 11.2 - NA
Average 54,845 21,146 13% 36% 18% 4.0 23.2 157,166 70 Median 28,860 14,137 9% 35% 17% 3.3 16.7 120,735 72 share price as of 23Jan20
5 Public Basket Valuation Trends
18x Public EBITDA Multiples over Time
20x 16x 15x
14x 10x
5x 12x 0x 13.7x
10x
Jul-15 Jul-16 Jul-17 Jul-18 Jul-19
Jan-16 Jan-17 Jan-18 Jan-19 Jan-20
Oct-15 Oct-16 Oct-17 Oct-18 Oct-19
Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 TEV/EBITDA - Median TEV/EBITDA - Average 8x Public Revenue Multiples over Time 6x 4x
4x 2.9x 3x
2x
2x 1x
0x
0x
Jul-15 Jul-16 Jul-17 Jul-18 Jul-19
Jan-20 Jan-16 Jan-17 Jan-18 Jan-19
Oct-15 Oct-16 Oct-17 Oct-18 Oct-19
Apr-16 Apr-15 Apr-17 Apr-18 Apr-19
Jul-15 Jul-16 Jul-17 Jul-18 Jul-19
Jan-16 Jan-17 Jan-18 Jan-19 Jan-20
Oct-15 Oct-16 Oct-17 Oct-18 Oct-19
Apr-17 Apr-15 Apr-16 Apr-18 Apr-19 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 %
International Business Infosys Limited Machines Corporation
International Business Globant S.A. Machines Corporation
Cognizant Technology Cognizant Technology Solutions Corporation Solutions Corporation
EPAM Systems, Inc. Globant S.A.
Endava plc Accenture plc
Infosys Limited EPAM Systems, Inc.
Accenture plc Endava plc
Capgemini SE Capgemini SE
Median Median
- 10% 20% 30% 40% 50% - 10% 20% 30%
7 Operational Metrics
LTM Revenue per LTM Revenue Growth % Full Time Employee x 000’s
Endava plc Accenture plc
EPAM Systems, Inc. Capgemini SE
Globant S.A. Globant S.A.
Infosys Limited EPAM Systems, Inc.
Capgemini SE
Endava plc Accenture plc
Cognizant Technology Cognizant Technology Solutions Corporation Solutions Corporation
International Business Infosys Limited Machines Corporation
Median Median
(10%) - 10% 20% 30% 40% $- $20 $40 $60 $80 $100
8 Operational Metrics
Average Days Accounts Receivable Turnover Sales Outstanding
International Business Machines Corporation Infosys Limited
Accenture plc Capgemini SE
Cognizant EPAM Systems, Inc. Technology Solutions…
Globant S.A. Endava plc
Endava plc Globant S.A.
Cognizant Technology Solutions Corporation EPAM Systems, Inc.
Capgemini SE Accenture plc
International Infosys Limited Business Machines Corporation
Median Median
0x 2x 4x 6x 8x 10x 12x 0 20 40 60 80 100
9 Valuation
TEV / LTM Revenue TEV / LTM EBITDA
Globant S.A. Globant S.A.
Endava plc Endava plc
EPAM Systems, Inc. EPAM Systems, Inc.
Infosys Limited Accenture plc
Accenture plc Infosys Limited
International Business Machines Capgemini SE Corporation Cognizant International Technology Business Machines Solutions… Corporation Cognizant Capgemini SE Technology Solutions…
Median Median
0x 2x 4x 6x 8x 0x 20x 40x 60x
10 Valuation
TEV / LTM EBIT Price / LTM Earnings
Globant S.A. Globant S.A.
Endava plc Endava plc
EPAM Systems, Inc. EPAM Systems, Inc.
Accenture plc Accenture plc
International Business Machines Capgemini SE Corporation
Infosys Limited Infosys Limited
Cognizant Technology Capgemini SE Solutions Corporation
Cognizant International Business Technology Machines Corporation Solutions…
Median Median
0x 20x 40x 60x 0x 20x 40x 60x 80x 100x
11 Valuation
Historical Valuation Multiples Historical Valuation Multiples versus Gross Profit versus Revenue Growth Rate
45x 35% 45x 47.3% 50%
40x 45% 40x 28.5% 30% 39.4% 24.7% 40% 35x 35x 35.5% 25% 32.0% 35% 37.3% 30x 23.6% 30x 34.9% 20% 30% 25x 31.1% 25x 27.3% 25% 15% 20x 20x 20% 9.5% 8.1% 10% 15x 15x 15% 5.1%
10x 5% 10% 10x 5.4% (3.1%)
5x GP% LTM EBITDA(x)
EBITDA(x) 5% 5x 0% LTM RGR% LTM 10x 10x 13x 15x 19x 35x 41x 42x 0x 0% 10x 10x 13x 15x 19x 35x 41x 42x 0x -5%
EBITDA(x) LTM GP% EBITDA(x) LTM RGR%
12 Recent Transactions
Total Transaction Target TEV / TEV / Value Revenue Revenue EBITDA Date Target Buyer / Investor ($m) ($m) (X) (X) 12-Jan-20 Incentive Technology Group, LLC ICF Incorporated, L.L.C. 255.00 90.00 2.8 - 20-Dec-19 Altran Technologies S.A. Goldman Sachs International - 3475.60 - - 18-Dec-19 Maven Wave Partners LLC Atos SE - - - - 17-Dec-19 Exozet Berlin GmbH Endava plc - - - - 13-Dec-19 Proact IT Group AB (publ) Carey Trustees Ltd - 359.87 - - 5-Nov-19 Born Commerce Pvt Ltd/Born Group Pte Tech Mahindra Ltd. 120.00 - - - Ltd 5-Nov-19 Naya Pai Technologies Ltd EPAM Systems, Inc. - - - - 4-Nov-19 Onica Inc. Rackspace Hosting, Inc. - - - - 1-Nov-19 Intuitus Limited Endava plc - - - - 15-Oct-19 Rightpoint Consulting, LLC Genpact USA, Inc. 270.00 100.00 2.7 18.0 9-Oct-19 Essex Technology Group, Inc. Converge Technology Solutions Corp. - 52.00 - - 9-Aug-19 Belatrix Global Corporation Globant S.A. (NYSE:GLOB) 69.00 - - - 30-Jul-19 Mad*Pow Media Solutions LLC Tech Mahindra (Americas), Inc. 16.71 14.70 1.7 1-Jul-19 COMPETENTUM USA, Ltd. EPAM Systems, Inc. 14.20 - - - 19-Jun-19 Tieto Oyj (nka:TietoEVRY Oyj) Solidium Oy 137.54 1796.52 2.2 20.4 18-Jun-19 Zenith Technologies Limited Cognizant Technology Solutions Corporation 144.19 84.80 8.0 - (NasdaqGS:CTSH) 13-May-19 Assets of Sundog Interactive, Inc. Perficient, Inc. Confidential Confidential Confidential Confidential 2-May-19 Advanced Broadcast Solutions, Inc. Key Code Media, Inc. - - - - 12-Apr-19 Epsilon Data Management, LLC Publicis Groupe Holdings B.V.; MMS USA Investments, 4400.00 1900.00 2.3 8.2 Inc. 6-Apr-19 NIIT Technologies Limited Hulst B.V. 292.24 531.74 2.1 12.6 29-Mar-19 Droga5, LLC Accenture Interactive - - - - 18-Mar-19 Mindtree Limited Larsen & Toubro Limited 476.47 968.61 2.3 14.3 13-Mar-19 Strong-Bridge Holdings, Inc. HCL America, Inc. 45.00 45.60 1.0 - 5-Mar-19 Touchtown, Inc. Uniguest Inc. Confidential Confidential Confidential Confidential 1-Mar-19 Microsoft Business Unit of SADA Systems, Core BTS, Inc. Confidential Confidential Confidential Confidential Inc. 21-Feb-19 Happy Marketer Private Ltd. Dentsu Aegis Network Ltd. - 4.85 - - 15-Jan-19 Brillio, LLC Bain Capital Private Equity, LP - - - - 6-Jan-19 Luxoft Holding, Inc. DXC Technology Company 2072.15 904.44 2.2 20.6 Average 639.4 737.8 2.7 15.7 Median 144.2 229.9 2.3 16.2
13 Digital Transformation January 2020 APPENDIX:
Public Basket
Constituents
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. 14 Revenue Multiples - Endava plc Public Basket 8x 6x
4x
2x
Endava plc 0x Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, TEV/Revenue Average creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software EBITDA Multiples - Endava plc engineering, test automation and engineering, continuous 50x delivery, cloud, applications management, and smart desk 40x services across the digital evolution, agile transformation, and 30x automation solution areas. The company was founded in 2000 20x and is headquartered in London, United Kingdom. 10x 0x Date Key Development Headline 12/16/19 Endava plc (NYSE:DAVA) acquired Exozet Berlin GmbH from German Startups Group GmbH & Co. KGaA (XTRA:GSJ) and TEV/EBITDA Average others. 11/3/19 Endava plc (NYSE:DAVA) acquired of Intuitus Limited. P/E Multiples - Endava plc 8/30/19 WorldPay (UK) Limited completed the acquisition of Endava Technology SRL from Endava plc (NYSE:DAVA). 100x 6/2/19 WorldPay (UK) Limited agreed to acquire Endava Technology 80x SRL from Endava plc (NYSE:DAVA) for £6 million. 60x 40x 20x 0x
P/E Average
15 Revenue Multiples - Globant S.A. 8x
Public Basket 6x
4x
2x
Globant S.A. 0x Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The TEV/Revenue Average company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer EBITDA Multiples - Globant S.A. 50x insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product 40x coaching services. It also provides process appraisal, 30x automated, process evolution, delivery management, agile 20x consultancy, management consulting, user experience, visual 10x and service, industrial design, mobile engineering, fast 0x prototyping, and mobile and product strategy services. In addition, the company offers game engineering and experience, digital platform, virtual and augmented reality, TEV/EBITDA Average graphics engineering, 3D and 2D art, e-Sports, data architecture, data science, distributed platform, data integration, P/E Multiples - Globant S.A. data visualization, and blockchain services. Globant S.A. was 80x founded in 2003 and is based in Luxembourg City, 60x Luxembourg. 40x
20x Date Key Development Headline 8/11/19 Globant S.A. (NYSE:GLOB) acquired Belatrix Global Corporation 0x S.A. for $65 million. 1/31/19 Globant S.A. (NYSE:GLOB) completed the acquisition of Avanxo (Bermuda) Limited. P/E Average
16 Revenue Multiples - EPAM Systems, Inc. Public Basket 6x 4x
2x
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. 45x component design and integration, lifecycle software testing, product deployment, end-user customization, performance 30x tuning, product support and maintenance, managed services, and porting and cross-platform migration. The company 15x provides custom application development services, such as business and technical requirement analysis, user experience 0x design, solution architecture creation and validation, development, component design and integration, quality assurance and testing, deployment, performance tuning, TEV/EBITDA Average support and maintenance, legacy applications re- engineering/refactoring, porting and cross-platform migration, P/E Multiples - EPAM Systems, Inc. and documentation. The company was founded in 1993 and is 100x headquartered in Newtown, Pennsylvania. 80x 60x Date Key Development Headline 40x 11/4/19 EPAM Systems, Inc. (NYSE:EPAM) acquired NAYA Technologies. 20x 7/1/19 EPAM Systems, Inc. (NYSE:EPAM) acquired Competentum-USA 0x Ltd. for $14.2 million. 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 - Capgemini SE 2.0x Public Basket 1.5x 1.0x
0.5x
Capgemini SE 0.0x Capgemini SE provides consulting, technology, and digital transformation services. It addresses clients’ opportunities in the world of cloud, digital, and platforms, as well as enables TEV/Revenue Average organizations to realize business ambitions through an array of services from strategy to operations. The company’s EBITDA Multiples - Capgemini SE Consulting Services segment offers strategy and transformation 15x consulting services primarily in digital transformation that 12x enhance the performance of organizations based on intimate 9x client relationships, and the knowledge of client industries and 6x processes. Its Technology & Engineering Services segment 3x provides assistance and support to internal IT teams of client 0x companies. Capgemini SE was founded in 1967 and is based in Paris, France.
TEV/EBITDA Average Date Key Development Headline 6/24/19 Altran Technologies S.A., Capgemini SE - M&A Call P/E Multiples - Capgemini SE 6/23/19 Capgemini SE (ENXTPA:CAP) entered into an agreement to 30x acquire Altran Technologies S.A. (ENXTPA:ALT) from Altamir SCA (ENXTPA:LTA), Apax Partners SAS, Elliott Management 20x Corporation and others for €3.7 billion. 4/3/19 Capgemini to Enter into Alliance Partnership with Autodesk, 10x Inc. for the Deployment of a Comprehensive BIM Platform 2/20/19 Capgemini SE (ENXTPA:CAP) completed the acquisition of Leidos Cyber, Inc. from Leidos Intermediate Holdings, Inc. 0x and others. 2/14/19 Capgemini To Seek Acquisitions P/E Average
18 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 TEV/Revenue Average through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It EBITDA Multiples - Cognizant Technology 30x offers business, process, operations, and technology consulting Solutions Corporation services; application design and development, and systems 20x integration services; application testing, consulting, and 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 10/15/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) TEV/EBITDA Average entered into an agreement to acquire Contino LTD from Columbia Capital, L.P., Top Tier Capital Partners, LLC and others. P/E Multiples - Cognizant Technology 8/12/19 Cognizant Technology Solutions To Seek Acquisitions 50x Solutions Corporation 7/30/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) 40x completed the acquisition of Zenith Technologies Ltd. from GE UK Group and other shareholders. 30x 6/17/19 Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) 20x agreed to acquire Zenith Technologies Ltd. from GE UK Group 10x and other shareholders for approximately €140 million. 5/7/19 AVEVA and Cognizant Expand R&D Partnership to Build Next- 0x Gen Industrial Software
P/E Average
19 Revenue Multiples - Infosys Limited Public Basket 6x 4x
2x
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 30x infrastructure management, and business process management services, as well as engineering services, such as engineering 20x and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems 10x integration, and advanced technologies. The company’s products include Finacle, a banking solution that provides 0x analytics, core banking, consumer e-banking, corporate e- banking, Islamic banking, mobile banking, origination, payments, SME enable, treasury, wealth management, and TEV/EBITDA Average youth banking solutions. Infosys Limited was founded in 1981 and is headquartered in Bengaluru, India. P/E Multiples - Infosys Limited 30x
Date Key Development Headline 20x 10/9/19 Infosys Enters into Strategic Partnership with Eishtec 8/22/19 Infosys and University of Illinois Urbana-Champaign Enter a 10x Strategic Partnership for Precision Medicine 7/12/19 Infosys To Seek Acquisitions 0x 5/9/19 Infosys Seeks Acquisitions 5/2/19 Infosys Seeks Acquisitions
P/E Average
20 Revenue Multiples - Accenture plc 4x
Public Basket 3x
2x
1x
Accenture plc 0x Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services TEV/Revenue Average that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies EBITDA Multiples - Accenture plc 30x and business results for communications, media, high tech, software, and platform companies. The company’s Financial 20x Services segment offers services that address profitability pressures, industry consolidation, regulatory changes, and the 10x need to continually adapt to new digital technologies for banking, capital markets, and insurance industries. Accenture 0x plc was founded in 1989 and is based in Dublin, Ireland.
Date Key Development Headline TEV/EBITDA Average 1/14/20 Accenture plc (NYSE:ACN) completed the acquisition of Clarity Insights from Riordan, Lewis & Haden, Inc. P/E Multiples - Accenture plc 1/6/20 Accenture plc (NYSE:ACN) agreed to acquire Symantec Cyber 40x Security Services Business from Broadcom Inc. 30x (NasdaqGS:AVGO). 1/6/20 Accenture plc (NYSE:ACN) entered into an agreement to acquire 20x maihiro GmbH. 12/18/19 Accenture plc (NYSE:ACN) completed the acquisition of Silveo 10x SAS. 0x 12/17/19 Accenture Forms Strategic Alliance with TradeIX to Help Digitize Global Trade
P/E Average
21 Revenue Multiples - International Business 4x Machines Corporation Public Basket 3x 2x
1x International Business Machines Corporation 0x International Business Machines Corporation operates as an integrated technology and services company worldwide. Its TEV/Revenue Average Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people EBITDA Multiples - International Business Machines Corporation and computers. This segment also offers data and analytics 20x solutions, including analytics and data management platforms, 15x cloud data services, enterprise social software, talent management solutions, and solutions tailored by industry. 10x International Business Machines Corporation was founded in 5x 1911 and is headquartered in Armonk, New York. 0x
Date Key Development Headline 1/23/20 Yara International Asa and International Business Machines TEV/EBITDA Average Corporation Launch an Open Collaboration for Farm and Field Data to Advance Sustainable Food Production 12/31/19 Great Hill Partners, LP and Spectrum Equity Management, L.P. P/E Multiples - International Business completed the acquisition of Sales Performance Management 40x Machines Corporation Business of International Business Machines Corporation 30x (NYSE:IBM). 12/19/19 International Business Machines Corporation and the University 20x of Tokyo Announce an Agreement to Partner to Advance 10x Quantum Computing and Make it Practical for the Benefit of Industry, Science and Society 0x 12/1/19 SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) completed the acquisition of certain Algorithmics and related assets from International Business Machines Corporation (NYSE:IBM). P/E Average
22 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] Tripp Davis, Partner 704.899.5762 [email protected] Andy Johnston, Partner 704.899.5961 [email protected] Mark Landry, Managing Director 561.972.0609 [email protected] Ben Lunka, Managing Director 704.496.2995 [email protected] John Cooper, Director 704.973.3996 [email protected] Tim Frye, Director 704.973.3994 [email protected] Kristina Sergueeva, Director 704.899.5149 [email protected] Ben Garber, Vice President 412.626.7898 [email protected] Nicholas Prendergast, Vice President 704.973.3995 [email protected] Ariail Barker, Director, Sales & Marketing 704.981.2908 [email protected] Emily Halstenberg, Marketing & Sales Coordinator 704.409.9912 [email protected] Marty Johnson, Senior Associate 704.973.3999 [email protected] Sydney Scadden, Senior Associate 704.973.3998 [email protected] Garth Martin, Senior Associate 704.973.3997 [email protected] Steve Buffington, Associate 704.960.1828 [email protected] Dennis Fox, Associate 704.706.9168 [email protected] Rory Julyan, Associate 704.981.2520 [email protected] Daniel Kim, Associate 704.912.4584 [email protected] Olufunke Abass, Associate 704.285.8171 [email protected]
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