Transaction Dynamics:

A partnership with management to recapitalize the business. Management made a meaningful investment in the company as part of the transaction.

Investment Thesis:

• Private label solution with clear value proposition
• Diversified customer and end user base providing significant revenue visibility
• Attractive financial profile and cash flow dynamics
• Multiple levers to accelerate growth

Incline Value Enhancement:

• Broaden private label solution set offered to MSPs, telecommunications service providers and enterprises
• Expand into new channels to increase addressable market and expand customer reach
• Continue to invest in proprietary enterprise technology
• Pursue strategic acquisitions and partnerships to further entrench existing customer relationships