Epstein Secrets

xt-Gen. Business / "Call Option" Segment 2015E PF Revenue / Gross Margin Sub-Segment Description Audio conferencing Web Partners $461 mm 57% GM Automated Meetings: Audio-only conferencing services with no operator Operator-Assisted: Conference calls with a moderator; typically for larg

SRUM 02 Airta Group Capital PC1: Business Segment Overview at Entry (Sin millions, rYE December) Ns Legacy Business / "Bond" mu Next-Gen. Business / "Call Option" Segment 2015E PF Revenue / Gross Margin Sub-Segment Description Audio conferencing Web Partners $461 mm 57% GM Automated Me

er 1 /2 mid-market and enterprise customers in the branded manufacturer market 2014E PF Revenue $212 nun mm $19 mm 530 mm / Gross ?Angie) Ms GM 35% GM 64% GM 54% GNI Canadian and Swedish Payments subsidiaries divested Non-core. Divested Undorwri ling Case ay Legacy Business / "Bond"

h Payments subsidiaries divested Non-core. Divested Undorwri ling Case ay Legacy Business / "Bond" 2014A Rev. 2019E Rev. CASA $312 5439 -fl Next-Gen. Business / "Call Option" $30 $65 17% Now POMO% shaded taw denotes nor.coev. Meese see "Case Studies" for unponard oocuaderatsons Matins to thet underwriti

tions .• Applications involve credit card processing, electronic funds transfer, 9-1-1 call centers, and manufacturing shop floors $65.4 mm 55% GM Services 24/7/365 "WatchDog" customer service deli vend through annual maintenance contracts Embedded customer relationships and high switching

SRLP102 Alpha Group Capital Stratus: Business Segment Overview at Entry (S in millions, EYE Febrawry) or Legacy Business / "Bond" Next-Gen. Business / "Call Option" Segment FY2014A Revenue/ EMMA Sub-Segment Description IN20 4.3 Nt`k t'IllIt'l (nos , Margin Revenue $18&8mm EBITDA: 566.0

ica High-margin/cash flow business with large recurring maintenance stream from large installed base Products: $216 mm Maintenance: $64 mm 65% GM ( SS7 division) MM Mobile Messaging Enables service providers to address chalkmges resulting from network growth (e.g., incr. voice and data tr

SRLP102 Alpha Group Capital Tekelec: Business Segment Overview at Entry IS in ntillions, TYE °wonkier) 00 Legacy Business / "Bond" mg Next-Gen. Business / "Call Option" 1 e IV t Sub-Segment Description 2011E Revenue/ Gross Margin G SS Global Signaling Solutions (I egaey Busnie,$) SS7 Signali

nnoctir nY SS7 Flubbing Roaming Services largest pmvider of SS7 bulgur% SerVICe$ m North Amerita with >90% wireline market share $125 mm 60% GM Directory Wireline Caller ID Registry Services Largest provider of authoritative Caller Name services in the lk/ Stores 200nim of 421mm fixe

SRLP102 Alpha Group Capital TNS: Business Segment Overview at Entry (S in millions, in December) Legacy Business / "Bond" Next-Gen. Business / "Call Option" Segment ti iit Deskiiption 1Y2012E Revenue/ Gross Margin TNS TSD Telecom Services Dtvis Network Connoctir nY SS7 Flubbing

mid-market and enterprise customers in the branded manufacturer market 2014E PF Revenue $212 nun $111 mm S19 mm 530 mm / Gross ?Angie) 7(0/0 GM 35% GM 64% GM 54% GNI Canadian and Swedish Payments subsidiaries divested Non-core. Divested Und orwri taw Case 2014A Rev. 2019E Rev. CAC;R

Payments subsidiaries divested Non-core. Divested Und orwri taw Case 2014A Rev. 2019E Rev. CAC;R me Legacy Business / "Bond" $342 5439 - fl Next-Gen. Business / "Call Option" $30 $65 .17% Now POMO% shata.1 4t...on denotes norn-oev. fleas° my "Case Studies" for unponard oocuaderations Maims to tlus undor

xt-Gen. Business / "Call Option" Segment 2015E PF Revenue / Gross Margin Sub-Segment Description Audio conferencing Web Partners $461 mm 57% GM Automated Meetings: Audio-only conferencing services with no operator Operator-Assisted: Conference calls with a moderator; typically for larg

SRUM 02 Airta Group Capital PC1: Business Segment Overview at Entry (Sin millions, rYE December) Ns Legacy Business / "Bond" mu Next-Gen. Business / "Call Option" Segment 2015E PF Revenue / Gross Margin Sub-Segment Description Audio conferencing Web Partners $461 mm 57% GM Automated Me

tions .• Applications involve credit card processing, electronic funds transfer, 9-1-1 call centers, and manufacturing shop floors $65.4 mm 55% GM Services 24/7/365 "Watchnoy," customer service deli venal through annual maintenance contracts Embedded customer relationships and high switchi

SRLP102 Alpha Group Capital Stratus: Business Segment Overview at Entry IS in millions, TYE Miran) • Legacy Business / "Bond" Next-Gen. Business / "Call Option" Sttnlent FY2014A Revenue/ [BUDA Sub-Segment Description IN2014A Revenue/ Gross Margin Revenue $18&8mm EBITDA: $66.0nun/ 35

ctir nY SS7 Flubbing Roaming Services largest pmvider of SS7 bulgur% SierVICe$ m North Amerita with >90% wireline market share $125 mm 60Yri GM Directory Wireline Caller ID Registry Services Largest provider of authoritative Caller Name services in the IX; Stores 2(0nim of 421mm fixe

SRLP102 Alpha Group Capital TNS: Business Segment Overview at Entry (Sin millions, TYE December) Legacy Business / "Bond" Next-Gen. Business / "Call Option" Segment iit Deskiiption 1Y2012E Revenue/ Gross Margin TNS TSD Telecom Services Dtvis Network Connoctir nY SS7 Flubbing R

ica High-margin/cash flow business with large recurring maintenance stream from large installed base Products: $216 mm Maintenance: $64 mm 65% GM ( SS7 division) MM Mobile Messaging Enables service providers to address challenges resulting from network growth (e.g., incr. voice and data t

SRLP102 Alpha Group Capital Tekelec: Business Segment Overview at Entry IS in ntillions, TYE °wonkier) 00 Legacy Business / "Bond" mg Next-Gen. Business / "Call Option" Su-2 lent Sub-Segment Description 2011E Revenue/ Gross Margin G SS Global Signaling Solutions (I egaey Business) SS7 Signal