DOCSLIB.ORG

Software Sector Summary Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Software Sector Summary Report SOFTWARE SECTOR REPORT Q2 2021 EXECUTIVE SUMMARY Software Q2 2021 » In Q2 2021, M&A deal activity and private financing activity continued to grow whilst software performance in the public markets grew steadily – IGV tech-software index is up 34.9% over the last 12 months, underperforming the S&P 500 by 3.0% – Business Intelligence & Analytics has outperformed the other software segments, achieving 79.5% LTM growth as of Q2 2021 » Q2 ’21 saw ~$55Bn in financing deal value and ~$96Bn in M&A deal value - 577 financings, 146.6% higher than Q2 ‘20 - 488 M&A transactions, 54.9% higher than Q2 ’20 » Significant M&A activity in Q2 includes acquisitions in the Financial Applications sector: Bill.com’s $2.5Bn acquisition of Divvy and Visa’s $2.1Bn acquisition of Tink » Sales & Marketing software had some of the largest financing deals in Q2 ‘21 led by the $1.0Bn financing of MessageBird, the $775MM financing of Perch, and the $550MM financing of Kajabi » Overall outlook in software growth remains healthy, particularly in the private markets Select Q2 Active Investors Select Q2 Active Acquirers Notes: Sources: PitchBook, 451 Research, Capital IQ. 2 GCA OVERVIEW The GCA Software Team Sector Coverage GCA US Team VERTICAL SOFTWARE Automotive E-commerce & Retail Josh Wepman Chris Gough Education Food & Agriculture Managing Director Managing Director [email protected] [email protected] Industrial Insurance Media & Communications Real Estate Transportation & Logistics Travel & Hospitality HORIZONTAL SOFTWARE BI & Analytics Collaboration Software Kevin Walsh Glen Kruger Managing Director Managing Director CRM Enterprise Resource Planning [email protected] [email protected] Governance, Risk & Compliance Human Capital Management Marketing Supply Chain Management INFRASTRUCTURE SOFTWARE Cybersecurity Data Management & Analytics Rupert Sadler Saif Malik SaaS / Cloud-Enablement Workflow Automation Managing Director Director [email protected] [email protected] Key GCA Stats GCA Executive Team 24 Offices Globally Software Transactions in 140+ the Last Three Years Senior Bankers Todd Carter Geoff Baldwin 33 Covering Software Co-CEO, Co-CEO, Technology-Related Managing Director Managing Director 330+ Deals in the Last 3 Years [email protected] Head of M&A Senior Bankers [email protected] 70+ Covering Technology 3 GCA OVERVIEW Deep Software Sector Expertise with Demonstrated Success Advising Large-cap Public and Private Companies on Complex Assignments sold to Advisor to ShowingTime Notes: The above transactions represent a compilation of past and current deals that GCA entities, including GCA Advisors, LLC, GCA Advisors Corporation and GCA Altium, have advised on. Generally, GCA Advisors Corporation advises Asian-based transactions, while GCA Advisors, LLC advises U.S.-based transactions and GCA Altium advises UK/European-based transactions. At 4 times, multiple GCA entities may be retained to advise on the same transaction. DEAL DASHBOARD Software Q2 2021 $95.2 Billion 1001 946 $182.3 Billion 2021 YTD Financing Deal Value (1)(2) 2021 YTD Financing Transactions (1)(2) 2021 YTD M&A Transactions 2021 YTD M&A Deal Value Select Financing Transactions Quarterly Financing Deal Value (1)(2) Quarterly M&A Deal Value Select M&A Transactions (3) $Bn $Bn Company Amount ($MM) $96 Acquirer Target EV ($MM) $86 $76 $1,000 $55 $19,700 $56 $40 $1,000 $39 $12,300 $22 $28 $15 $17 $18 $14 $16 $18 $22 $19 $5 $1,000 $5,600 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 $900 $5,300 Quarterly Financing Deal Count (1)(2) Quarterly M&A Deal Count 577 $806 532 $4,000 488 469 458 424 384 389 359 349 $775 315 $2,500 284 227 234 198 222 211 215 $601 $2,220 $550 $2,144 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 LTM as of Q2 2021 Software Price Performance vs. S&P 500 (4) 40% SPX IGV 37.9% 35% 34.9% 30% 25% 20% Financing Activity by Quarter 15% 10% 5% 0% (5%) Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Notes: Sources: Capital IQ, PitchBook, 451 Research and Dow Jones VentureSource. Market data as of 6/30/2021. 1) Criteria based on software series A and subsequent rounds of global financings greater than or equal to $20MM. 2) Financings include software venture and private equity growth / expansion activity. 5 3) Software M&A transactions reflect select transactions in Q2 2021. M&A metrics are based on closed and announced transactions. 4) iShares North American Tech-Software ETF (IGV), used as proxy for software landscape. Top holdings in the ETF include ADBE, MSFT, ORCL, CRM and INTU. RECENT STOCK PERFORMANCE Index Performance Last 12 Months 160.0% 140.0% 120.0% 100.0% 80.0% 79.5% 45.4% 44.2% 43.2% 40.4% 60.0% 39.9% 39.1% 38.6% 35.9% 40.0% 35.1% 33.1% 30.4% 23.7% 20.0% 21.2% 0.0% (20.0%) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 BI & Analytics S&M Security Technical Content SaaS(1) ERP Vertical Development Platform Financial Infrastructure Nasdaq S&P 500 Low (1.1%) (3.3%) 0.0% (0.3%) (0.6%) (1.4%) (1.7%) 0.0% (3.8%) (4.3%) (1.1%) (4.3%) 0.0% 0.0% Uptick from 80.5% 48.7% 43.2% 40.7% 40.5% 40.4% 37.6% 35.1% 36.9% 34.7% 24.9% 25.4% 44.2% 38.6% Low Performance 79.5% 45.4% 43.2% 40.4% 39.9% 39.1% 35.9% 35.1% 33.1% 30.4% 23.7% 21.2% 44.2% 38.6% since Jul-20 Notes: Sources: Capital IQ. Market data as of 6/30/21. List of companies in each sector can be found in the public comparable tables. 6 1) SaaS bucket is a subset of the other buckets and includes companies that operate a software-as-a-service platform. SOFTWARE PUBLIC COMPANY LANDSCAPE Subsector Top Players and Key Operating Stats Platform Infrastructure Security Combined Market Cap: $2,891Bn Combined Market Cap: $310Bn Combined Market Cap: $416Bn 21E/20A Rev. Growth: 6.3% 21E/20A Rev. Growth: 18.4% 21E/20A Rev. Growth: 15.9% 21E EBITDA Margin: 30.9% 21E EBITDA Margin: 16.6% 21E EBITDA Margin: 19.6% Content & Storage Management BI & Analytics Financial Applications Combined Market Cap: $405Bn Combined Market Cap: $115Bn Combined Market Cap: $594Bn 21E/20A Rev. Growth: 15.1% 21E/20A Rev. Growth: 21.0% 21E/20A Rev. Growth: 39.6% 21E EBITDA Margin: 20.9% 21E EBITDA Margin: 12.4% 21E EBITDA Margin: 19.0% Notes: Sources: Capital IQ. Market data as of 6/30/21. 7 Logos shown represent largest players in each sub sector by enterprise value. Operating statistics for each sector represent full list of companies shown in public comparable tables. SOFTWARE PUBLIC COMPANY LANDSCAPE Subsector Top Players and Key Operating Stats Technical Applications Vertical ERP & General Business Combined Market Cap: $318Bn Combined Market Cap: $428Bn Combined Market Cap: $662Bn 21E/20A Rev. Growth: 12.8% 21E/20A Rev. Growth: 24.4% 21E/20A Rev. Growth: 18.4% 21E EBITDA Margin: 30.8% 21E EBITDA Margin: 14.2% 21E EBITDA Margin: 19.3% Development & Operations Sales & Marketing SaaS Combined Market Cap: $497Bn Combined Market Cap: $168Bn Combined Market Cap: $2,100Bn 21E/20A Rev. Growth: 26.8% 21E/20A Rev. Growth: 29.2% 21E/20A Rev. Growth: 29.0% 21E EBITDA Margin: 14.0% 21E EBITDA Margin: 12.2% 21E EBITDA Margin: 14.1% Notes: Sources: Capital IQ. Market data as of 6/30/21. 8 Logos shown represent largest players in each sub sector by enterprise value. Operating statistics for each sector represent full list of companies shown in public comparable tables. SOFTWARE STOCKS WINNERS & LOSERS Top and Bottom 20 Stock Price Performers in Q2 2021 Top 20 Performers 101.3% 95.4% 80.1% 69.0% 70.8% 53.1% 53.4% 56.8% 44.3% 47.4% 47.6% 40.2% 40.4% 41.7% 42.2% 33.2% 34.4% 35.1% 35.5% 35.8% Bottom 20 Performers (10.5%) (11.1%) (11.2%) (11.6%) (12.5%) (13.4%) (13.6%) (13.8%) (14.3%) (15.2%) (16.0%) (16.4%) (16.9%) (18.2%) (19.6%) (19.6%) (21.6%) (26.7%) (32.6%) (32.6%) Notes: Sources: Capital IQ as of 6/30/21. 9 TRADING COMPARABLES Valuation and Operational Metrics EV / 2020A Revenue EV / 2021E Revenue 18.4x 17.4x 17.0x 17.2x 16.3x 15.1x 15.0x 14.7x 13.9x Median: 12.8x 11.7x Median: 11.3x 12.1x 11.6x 11.5x 11.2x 11.2x 10.4x 10.9x 10.6x 10.4x 10.0x 8.5x 8.4x 4.8x 4.5x 2020A / 2019A Revenue Growth 2021E / 2020A Revenue Growth 39.1% 39.6% 35.7% 30.7% 28.4% 29.2% 29.0% 26.2% 26.8% Median: 19.4% 24.4% Median: 19.7% 19.5% 21.0% 19.2% 18.2% 16.2% 18.4% 18.4% 15.9% 15.1% 12.4% 12.1% 12.8% 6.3% 1.6% Notes: Sources: Capital IQ. Market data as of 6/30/21.
Load more

Recommended publications
  • Skyus™ DS2 LTE Modem for High-Speed Primary and Failover
    TECHNOLOGY: Global Cat-6 LTE Skyus™ DS2 LTE modem for high-speed primary and failover connectivity Why Inseego? As a U.S.-based company, we design and develop all of our products in the USA and hold them to the highest security standards. Our products and solutions are trusted by top tier carriers, government entities, and fortune 500 enterprise customers. Purpose built design With the Skyus’ DS2 compact and versatile design, you can use it for a wide array of connectivity applications. 4G LTE speeds Thanks to the 4G LTE CAT-6 capability, The Skyus DS2 supports an incredible network speed of up to 300/50Mbps. Industrial rated Rated for extreme thermal environments -40⁰F to 185⁰F (-40⁰C to 85⁰C) and continuous 24/7 use. Secure and encrypted Skyus DS2 safeguards your data with enterprise-grade security and 3rd party penetration testing. Skyus DS2 LTE gateway product specifications Network connectivity1 Mounting North America, EMEA • Mounting bracket accessory is available, contact • LTE: B1-B5, B7, B12, B13, B20, B25, B26, B29, B30, sales for more information B41 • 3G (HSPA+, UMTS): B1, B2, B3, B4, B5, B8 Dimensions & weight APAC • 82mm x 60mm x 11mm (3.22” x 2.375” x 0.42”) • LTE: B1, B3, B5, B7, B8, B18, B19, B21, B28, B38-B41 • 50 g (1.7 oz) • 3G (HSPA+, UMTS): B1, B5, B6, B8, B9, B19, B39 Operating temperature Carrier approval • Normal operation: -40°C to 80°C (-40 to 176°F) • Verizon, AT&T, Sprint, Telus, USCC, Telstra, Optus, Generic EU & APAC SD-WAN partners • Riverbed Chipset • VMmare • Qualcomm® MDM9230 • Dell Data rates Systems
    [Show full text]
  • Introduction to Teradata
    What would you do if you knew?™ Teradata Database Introduction to Teradata Release 16.00 B035-1091-160K December 2016 The product or products described in this book are licensed products of Teradata Corporation or its affiliates. Teradata, Applications-Within, Aster, BYNET, Claraview, DecisionCast, Gridscale, MyCommerce, QueryGrid, SQL-MapReduce, Teradata Decision Experts, "Teradata Labs" logo, Teradata ServiceConnect, Teradata Source Experts, WebAnalyst, and Xkoto are trademarks or registered trademarks of Teradata Corporation or its affiliates in the United States and other countries. Adaptec and SCSISelect are trademarks or registered trademarks of Adaptec, Inc. Amazon Web Services, AWS, [any other AWS Marks used in such materials] are trademarks of Amazon.com, Inc. or its affiliates in the United States and/or other countries. AMD Opteron and Opteron are trademarks of Advanced Micro Devices, Inc. Apache, Apache Avro, Apache Hadoop, Apache Hive, Hadoop, and the yellow elephant logo are either registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. Apple, Mac, and OS X all are registered trademarks of Apple Inc. Axeda is a registered trademark of Axeda Corporation. Axeda Agents, Axeda Applications, Axeda Policy Manager, Axeda Enterprise, Axeda Access, Axeda Software Management, Axeda Service, Axeda ServiceLink, and Firewall-Friendly are trademarks and Maximum Results and Maximum Support are servicemarks of Axeda Corporation. CENTOS is a trademark of Red Hat, Inc., registered in the U.S. and other countries. Cloudera, CDH, [any other Cloudera Marks used in such materials] are trademarks or registered trademarks of Cloudera Inc. in the United States, and in jurisdictions throughout the world.
    [Show full text]
  • Itraxx Japan Series 36 Provisional Membership List September 2021
    iTraxx Japan Series 36 Provisional Membership List September 2021 Copyright © 2021 IHS Markit Ltd T180614 iTraxx Japan Series 36 Provisional Membership List 1 iTraxx Japan Series 36 Provisional Membership List................................. 3 2 iTraxx Japan Series 36 Provisional vs. Series 35.......................................5 3 Further information .....................................................................................6 Copyright © 2021 IHS Markit Ltd | 2 T180614 iTraxx Japan Series 36 Provisional Membership List 1 iTraxx Japan Series 36 Provisional Membership List IHS Markit Ticker IHS Markit Long Name ACOM ACOM CO., LTD. JUSCO AEON CO., LTD. ANAHOL ANA HOLDINGS INC. FUJITS FUJITSU LIMITED HITACH HITACHI, LTD. HNDA HONDA MOTOR CO., LTD. CITOH ITOCHU CORPORATION JAPTOB JAPAN TOBACCO INC. JFEHLD JFE HOLDINGS, INC. KAWHI KAWASAKI HEAVY INDUSTRIES, LTD. KAWKIS KAWASAKI KISEN KAISHA, LTD. KINTGRO KINTETSU GROUP HOLDINGS CO., LTD. KOBSTL KOBE STEEL, LTD. KOMATS KOMATSU LTD. MARUB MARUBENI CORPORATION MITCO MITSUBISHI CORPORATION MITHI MITSUBISHI HEAVY INDUSTRIES, LTD. MITSCO MITSUI & CO., LTD. MITTOA MITSUI CHEMICALS, INC. MITSOL MITSUI O.S.K. LINES, LTD. NECORP NEC CORPORATION NPG-NPI NIPPON PAPER INDUSTRIES CO.,LTD. NIPPSTAA NIPPON STEEL CORPORATION NIPYU NIPPON YUSEN KABUSHIKI KAISHA NSANY NISSAN MOTOR CO., LTD. OJIHOL OJI HOLDINGS CORPORATION ORIX ORIX CORPORATION PC PANASONIC CORPORATION RAKUGRO RAKUTEN GROUP, INC. RICOH RICOH COMPANY, LTD. SHIMIZ SHIMIZU CORPORATION SOFTGRO SOFTBANK GROUP CORP. SONYGRO SONY GROUP CORPORATION Copyright © 2021 IHS Markit Ltd | 3 T180614 iTraxx Japan Series 36 Provisional Membership List SUMICH SUMITOMO CHEMICAL COMPANY, LIMITED SUMI SUMITOMO CORPORATION SUMIRD SUMITOMO REALTY & DEVELOPMENT CO., LTD. TFARMA TAKEDA PHARMACEUTICAL COMPANY LIMITED TOKYOEL TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED TOSH TOSHIBA CORPORATION TOYOTA TOYOTA MOTOR CORPORATION Copyright © 2021 IHS Markit Ltd | 4 T180614 iTraxx Japan Series 36 Provisional Membership List 2 iTraxx Japan Series 36 Provisional vs.
    [Show full text]
  • C T B I Fi Corporate Briefing
    CtBifiCorporate Briefing 平成 25 年 4 月 25 日 06/2014 ITmedia Inc. Copyright © 2014 ITmedia Inc. ITmedia -AT A GLANCE The laagrgest on-line media comppyany in Jap an EtblihdiEstablished in Lis te d on TSE SftbkSoftbank group 1999 Mothers in 2007 company Copyright © 2014 ITmedia Inc. P 1 ITmedia -AT A GLANCE with Numbers Paid Capital Sites ¥1.64B 30+ Clients Number of Employees Monthly Readers 600+ 175 20MUB Annual Sales Editorial Sales 80 65 Monthly Traffic ¥2.9B Professional contributors PV 500+ 100M Copyright © 2014 ITmedia Inc. P 2 ITmedia -Our Strengths Professional Editors Strong Consulting Sales And its network Unique add-value services such as Dominance of IT market Lead Generation and Smart Media Copyright © 2014 ITmedia Inc. P 3 ITmedia -Our Future specialized information media figure of specialist information through magazines media in Internet era model in 1980s to 90s - model of ITmedia - •Professional industrial •Professional industrial websites Magazines C •Free browse/ membership-based r •Subscriptions eation content •Magazine advertisement publi •Internet advertising business business model s o hing ECO f new Energy Management Businesses Electronics Businesses Computers Entertainment m Interne odel IT Architectur Medical/ Engineers Real estate Lifestyle e/ design biotech Job t offers Copyright © 2014 ITmedia Inc. P 4 ITmedia -Our Media and Services ＩＴ総合情報ポータル 「ITmedia」 Consumer ＩＴ II ndustry Market Electronics, Mechanics Others And Manufacturing Industries Copyright © 2014 ITmedia Inc. P 5 ITmedia -Our contents Providing electricity
    [Show full text]
  • Fidelity® Extended Market Index Fund
    Quarterly Holdings Report for Fidelity® Extended Market Index Fund May 31, 2021 SEI-QTLY-0721 1.816014.116 Schedule of Investments May 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 99.8% Shares Value Shares Value COMMUNICATION SERVICES – 6.0% CarGurus, Inc. Class A (a) 481,276 $ 13,581,609 Diversified Telecommunication Services – 0.5% Cars.com, Inc. (a) 356,794 5,212,760 Alaska Communication Systems Group, Inc. 306,734 $ 1,018,357 Creatd, Inc. (a) (b) 42,672 156,606 Anterix, Inc. (a) (b) 65,063 3,218,016 DHI Group, Inc. (a) 262,377 839,606 ATN International, Inc. 49,421 2,336,131 Eventbrite, Inc. (a) (b) 368,036 7,471,131 Bandwidth, Inc. (a) (b) 118,706 14,041,733 EverQuote, Inc. Class A (a) (b) 54,748 1,726,204 Cincinnati Bell, Inc. (a) 265,617 4,090,502 IAC (a) 439,438 70,077,178 Cogent Communications Group, Inc. (b) 226,643 17,134,211 Izea Worldwide, Inc. (a) 258,392 718,330 Consolidated Communications Holdings, Inc. (a) 325,131 3,043,226 Kubient, Inc. (b) 44,094 228,848 Cuentas, Inc. (a) (b) 48,265 108,596 Liberty TripAdvisor Holdings, Inc. (a) 380,876 1,812,970 Globalstar, Inc. (a) (b) 3,272,215 5,235,544 Match Group, Inc. (a) 1,417,570 203,251,187 IDT Corp. Class B (a) 96,642 2,789,088 MediaAlpha, Inc. Class A (b) 91,323 3,864,789 Iridium Communications, Inc. (a) 621,382 23,743,006 Pinterest, Inc. Class A (a) 2,805,904 183,225,531 Liberty Global PLC: Professional Diversity Network, Inc.
    [Show full text]
  • Earnings Results for the Interim Period Ended Spetember 30, 2007
    Earnings Results for the Interim Period Ended September 30, 2007 November 6, 2007 SOFTBANK CORP. March 12, 2010 Version Due to protection of rights, some of the photos and images included at the time of publication have been modified or revised. <Highlights> 1. Consolidated earnings results: H1 operating income increased by 49% (YoY) H1 net income: 3.2 times (YoY) 2. Success in mobile operations: 1.14 million of net subscriber additions in H1 3. Becoming No.1 Internet company in Asia: IPO of Alibaba + Yahoo! JAPAN 2 H1/FY2007 Summary of Consolidated Earnings Results <bn JPY> <Interim> H1/FY07 H1/FY06 YoY (Apr 07 – Sep) (Apr 06 – Sep) Net Sales 1,364.7 1,120.1 +244.5 EBITDA 314.2 228.4 +85.8 Operating income 167.7 112.5 +55.1 Ordinary income 111.1 62.6 +48.4 Income before income taxes and 122.9 118.8 +4.0 minority interests Net income 46.4 14.4 +32.0 Note: Operating results of SOFTBANK MOBILE Corp. (formerly Vodafone K.K.) are included beginning in May 2006 3 H1/FY2007 Highlights <k> Interim Net Additions 1,140 1,030 1,000 960 960 +1.05 million YoY 500 320 97 0 FY06 FY07 FY06 FY07FY06 FY07 H1 H1 H1 SBM NTT DoCoMo KDDI 4 H1/FY2007 Highlights <bn JPY> Interim Operating Income 180 167.7 160 140 112.5 120 Increased by 100 49% YoY 80 60 40 20 0 H1/FY06 H1/FY07 5 H1/FY2007 Highlights <%> Interim Operating Income YoY Movement 50% 49% SOFTBANK Increased by 9% KDDI 49%YoY 0% -21% NTT DoCoMo -50% H1/FY06 H1/FY07 6 Consolidated Net Sales (interim) 1,364.7 <bn JPY> 1,120.1 1,000 H1/FY2007 1,364.7bn JPY 522.7 500 IncreasedIncreased byby 2222％％ YoYYoY 0 H1/FY05 H1/FY06 H1/FY07 Note: Operating results of SOFTBANK MOBILE Corp.
    [Show full text]
  • Cradlepoint IBR900 Series Router
    PRODUCT BRIEF IBR900 SERIES ROUTER Cradlepoint IBR900 Series Router Compact, ruggedized Gigabit-Class LTE router for advanced Mobile and IoT connectivity Firewall Throughput: WAN Connectivity: LAN Connectivity: NetCloud Solution: 940 Mbps 4G Cat 11 or Cat 18, Wi-Fi 5, GbE Mobile or IoT GbE The Cradlepoint IBR900 Series router is a ruggedized Gigabit-Class LTE Key Benefits: networking platform that was designed for persistent connectivity across a wide range of in-vehicle and mobile applications as well as portable or — Deploy a robust, dependable Gigabit- fixed IoT installations. The IBR900 Series accommodates environmentally Class LTE network platform for first harsh environments while delivering enterprise-class standards of reliability, responders and commercial fleets scalability, comprehensive management, and security. — Add a second cellular modem, with For organizations that depend on field forces and mobile networks, the an Extensibility Dock, for multi-link Cradlepoint IBR900 Series mobile router with the NetCloud Mobile solution dependability package provides ruggedized and GPS-enabled in-vehicle network solutions — View cellular health with an LTE signal that are SD-WAN and SD-Perimeter-capable. With an available Gigabit-Class strength map displaying all areas a fleet LTE modem, Gigabit Wi-Fi, and advanced security features, the IBR900 delivers has driven enterprise networking capabilities for mobile applications that require secure, always-on connectivity. — Implement WiFi-as-WAN for data- intensive tasks such as video offloading The IBR900 Series with NetCloud IoT Solutions Package provides a compact ruggedized 4G LTE router solution for connecting and protecting IoT devices — Install in harsh environments where at scale. With an extensive list of safety and hardening certifications, it can connectivity must be reliable be confidently deployed in the field, in buildings, or in embedded systems to deliver complete visibility, security, and control of connected devices anywhere.
    [Show full text]
  • TELUS WISE Smartphone Contract for Parents/Guardians and Children
    TELUS Wise® smartphone contract for parents/guardians and children Empowering Canadians to stay safe safe in a digital world. At TELUS, we believe smartphone ownership is a privilege and there are rules and responsibilities that everyone should follow to help have a positive experience with technology. This contract outlines some basic rules and responsibilities of smartphone ownership. It’s designed to keep the lines of communication open between parents/guardians and children, and establish safe and healthy smartphone usage and boundaries. Child Parent • I will always ask for permission first before giving out any personal • I will ensure my child activates the smartphone’s lock function information online. This includes my name, phone number, home • I will ensure my child sets a strong password (for the smartphone or email address, school name, parent/guardian’s names, work and any apps or social networking sites) address, photos of myself and my family, etc. • I will ensure my child installs and/or activates the remote locate/lock/ • I will not share my passwords with anyone, except for my parents/ wipe software (for example, Find My iPhone), and keeps all software guardians up to date • I will not participate in cyberbullying, and I will always report • I will ensure my child has geo-tagging turned off to avoid revealing cyberbullying to a trusted adult if I experience it or see it happening their exact location in photos • I will not share photos of others or tag them in photos without their • I will keep an eye on privacy and permission settings and know what permission.
    [Show full text]
  • Workiva DIR Terms and Conditions
    BY SIGNING AN ORDER REFERENCING, OR BY OTHERWISE MANIFESTING AGREEMENT TO THIS END USER ACCESS AGREEMENT (THE “END USER ACCESS AGREEMENT” AND ALONG WITH ALL ORDERS, THE “AGREEMENT”) ON BEHALF OF THE ORDER ACTIVITY INDICATED BY YOU AT THE TIME OF ACCEPTANCE (“GOVERNMENT”) YOU ARE HEREBY AGREEING TO THIS END USER ACCESS AGREEMENT ON BEHALF OF GOVERNMENT. IN DOING SO THE YOU REPRESENT THAT YOU HAVE THE AUTHORITY TO BIND GOVERNMENT TO THESE END CLIENT TERMS AND CONDITIONS AND THE AGREEMENT. THE AGREEMENT IS BY AND BETWEEN GOVERNMENT AND WORKIVA INC. (“PROVIDER”). 1.0 Services. Provider agrees to provide the Subscription Services and Professional Services (collectively referred to herein as, the “Services”) as set forth in this End User Access Agreement and the applicable ordering document (an “Order”) entered into by Provider and Government. 1.1 Subscription Services. (a) Beginning on the start date set forth in the applicable Order (the “Start Date”), Provider agrees to provide Government with access to the Software set forth in the applicable Order (“Subscription Services”), and accordingly Provider hereby grants to Government and its employees or third party representatives (“Representatives”), a non-exclusive, non-transferable, worldwide right to access, use, and display the Software in connection with the Subscription Services. Users will be determined on a named user basis rather than on a concurrent user or shared user basis; provided that Government may reassign different individuals on a reasonable basis (e.g., an employee changes positions or leaves Government’s employ). Government is responsible for each of its Representative’s acts and omissions. (b) “Documentation” means the manuals, specifications, and other materials describing the functionality, features, and operating characteristics of the Software, available at https://success.wdesk.com/help, including any updates thereto.
    [Show full text]
  • Teradata Corporate Social Responsibility
    2018 REPORT Teradata Corporate Social Responsibility 07.19 REPORT 2018 TERADATA CORPORATE SOCIAL RESPONSIBILITY Table of Contents 3 CEO Communication 4 About This Report 5 1.0 Teradata 7 2.0 Corporate Governance 12 3.0 Industry Involvement 13 4.0 Human Resources 17 5.0 Materiality Assessment and Stakeholder Inclusiveness 21 6.0 Teradata Cares 35 8.0 Global Manufacturing Processes 37 9.0 Facilities 41 10.0 Ethics and Compliance 51 11.0 GRI Index 52 12.0 List of External Reports Referenced in Report Teradata policies and processes to help our customers, community, and employees understand our past performance and continuing commitment to corporate social responsibility 2 TER ADATA .COM CEO Communication (GRI G4-1) Teradata designs technology for the future, and the future demands powerful analytic solutions. These At Teradata, global corporate citizenship, social solutions are intended to meet increasingly stringent responsibility, and environmental sustainability are standards to support the earth’s precious resources, fundamental to our business and our interactions with including efficient usage of power and water, as well as customers, employees, partners, suppliers, and the space efficiency. We hold our suppliers and business communities where we operate. partners to the same standard we hold ourselves. All must meet or exceed the standards of our Code As a company, our mission is to transform how of Conduct, which includes adherence to ethical, businesses work and people live through the power of responsible and environmentally sustainable business data. This mission, and Teradata associates, are the practices with respect to all their Teradata-related driving forces behind our corporate citizenship.
    [Show full text]
  • Software Sector Summary Report
    Software COMPANYSector PRESENTATION Summary Week of October 2, 2017 1 DEAL DASHBOARD Software $35.9 Billion 470 $29.1 Billion 76 Financing Volume YTD (1)(2) Financing Transactions YTD (1)(2) M&A Volume YTD (3) M&A Transactions YTD (3) Select Financing Transactions Quarterly Financing Volume (1)(2) Quarterly M&A Volume (3) Select M&A Transactions (4) $Bn $Bn (61)% Company Amount ($MM) 43% Target Acquirer EV ($MM) $14 $50 $270 $12 $41 $3,903 $10 $11 $9 $6 $6 $24 $250 $6 $5 $1,125 $16 $15 $12 ( ) $12 $6 $5 $70 $834 ( ) Q3'15 Q4'15 Q1'16 Q2'16Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 $45 Quarterly Financing Deal Count (1)(2) Quarterly M&A Deal Count (3) $614 36% $35 9% $531 156 160 154 127 118 123 103 111 $35 94 29 29 29 29 $382 24 24 26 21 $32 14 $344 $26 $270 Q3'15 Q4'15 Q1'16 Q2'16Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Last 12 Months Software Price Performance vs. S&P 500 (5) M&A EV/ NTM Rev. Over Time (6) 35.0% SPX IGV All Buyers Strategic Buyers PE Buyers 30.0% 30% 6 ` 5.3x Financing Activity by Quarter 4.7x 4.9x 5 4.5x 4.6x 25.0% 4.2x 4.3x 4.0x 4.1x 3.9x 3.9x 3.7x 20.0% 4 3.6x 3.1x 16% 2.7x 2.9x 2.9x 15.0% 3 2.5x 2.5x 2.5x 2.2x 10.0% 2 5.0% 1 0.0% 0 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 2011 2012 2013 2014 2015 2016 2017 (5.0%) (10.0%) Notes: Source: Capital IQ, PitchBook, and Dow Jones VentureSource.
    [Show full text]
  • North Concourse Level 2 North Mezzanine Level 3
    North Mezzanine Level 3 South Mezzanine Level 3 North Mezzanine Level 3 South Mezzanine Level 3 S310 S320 S330 S331 D H S312 S319 D H S322 S329 D H D N310 N320 N330 C G S311 C G S321 C G C A E A E A B F B F B F B Corridor Corridor B F B F B S310 S320A E S330 AS331 E A Corridor E A N311 N321 C G C G C D H S312 S319 D H S322 S329 D H D N310 Corridor N320 N330Corridor D H N312 N319 D H N322 N329 D C G S311 C G S321 C G C A E A E A B F B F B F B Corridor Corridor B F B F B A E A E A Corridor E ASUGA Roundtable ASUG Speaker C G N311 C G N321 C Discussion Room Ready Room D Corridor H N312 N319 D Corridor H N322 N329 D ASUG Roundtable ASUG Speaker Discussion Room Ready Room AGENDA AT A GLANCE NORTH CONCOURSE SOUTH CONCOURSE South Concourse Level 2 MONDAY, JUNE 4 North Concourse Level 2 South Concourse Level 2 7:00 a.m.–6:00 p.m. Registration South Concourse LEVEL 2 LEVEL 2 and Hilton OrlandoNorth Concourse Level 2 Show Floor Show Floor Entrance Entrance 8:00 a.m.–5:00 p.m. ASUG Pre-Conference South Concourse, Show Floor Show Floor Seminars Rooms S320–S331 Entrance Entrance (Additional Fees Apply) Entrance/Exit Entrance/Exit Entrance/Exit Entrance/Exit Destination TUESDAY, JUNE 5 Destination Lounge To 7:00 a.m.–6:00 p.m.
    [Show full text]