SRLP102 Alpha Group Capital Siris Capital Group Overview Differentiated Strategy. Effective Execution. Operational Focus. Sims C .0pn riti (i/OU/ 1. t SIRIS Firm • New York-based investment firm targeting value technology businesses in transition • Founders Frank Baker. Peter Berger and Jeffrey Hendren have worked together for over 18 years ■ Experienced group of operating executives ('Executive Partners') deployed to help execute strategic and operational objectives • Currently investing out of —$1.8 billion Siris III; —$5.5 billion of cumulative Fund capital commitments • Invested $4.7 billion' of equity in 14 investments Strategy • Research driven alternative investment manager that targets value technology businesses in transition • Study specific silos within the tech space — Bond / Call investment strategy creates multiple ways to win, driving alignment for value creation • Disciplined purchase price and conservative use of leverage • Drive strategic operational improvements post closing • Focused strategy with concentrated portfolio (target —2 deals I year) Performance Summary Sifis I - Core3 • Vintage: 2007 • Fund Size: $500 million Core -Gross / Net IRR: 50% / NA Cote • Oros l Net MOIC: 2.9x/ NA Total Gross / Net IRR: 10% I NA Total Gros I Net Lim: 1.4x I NA —.... .. Executive Partners • Cost savings execution experience at Siris portfolio companies • Tech, telecom, and tech-enabled B2B services experience • Leverage deep operational experience Siris Partners II ■ Vintage: 2012 • Fund Size: $641 million Gross/Net IRR: 26% 116% Gross/NM MOIC: 1.6x 1.4x 9 Siris Partners III • Vintage: 2015 • Fund Size: $1.81 billion Gross/Net IRR: 27%! 17% Gross/Net MOIC: 1.6x 11.9x Operational Excellence Team • Seeks to apply best practices portfolio- wide • Facilitates cross-portfolio initiatives • Initiates and quarterbacks third party engagements Capital Markets • Coordinates and negotiates debt raising