P. US Middle Market Buyout: Technology The Offering Siris Partners IV ("Skis IV" or the "Fund") is being formed by Siris Capital Group ("Skis"): Siris is a New York-based private equity firm targeting deep value, mature technology businesses in their transition to growth Three founders have worked

al Group, founded in 2007, is a New-York-based private investment firm that seeks to acquire mature, deep value technology businesses in transition. Siris' three founders have worked together for more than 18 years and have, together with the Skis team, invested $4.7 billion of equity across 14 investm

SRLP102 Alpha Group Capital Differentiated investment strategy: Investing in "Bonds" and "Call Options-2 • Siris' strategy is to Invest in technology companies in transition that have both a strong legacy business as well as robust next generation growth in:tie

sentation is deemed to agree to the foregoing, to keep confidential all information contained herein, and to return it (together with any copies) to Siris promptly upon request. This Presentation is for information and discussion purposes only, and does not constitute an offer to sell or a solicitation

P. US Middle Market Buyout: Technology The Offering Siris Partners IV ("Skis IV" or the "Fund") is being formed by Siris Capital Group ("Skis"): Siris is a New York-based private equity firm targeting deep value, mature technology businesses in their transition to growth Three founders have worked

d other circumstances) and other risks, including, but not limited to, broad trends in business and finance, tax and other legislation affecting the Siris Funds, their investors, investments, monetary and fiscal policies, interest rates, inflation, market conditions, the level and volatility of tradin

ate Capital (Siris $500 million Rip plewood 2001 I 2002 200 2004 I 2(E5 120x6 Launched Siris Capital 2 \. SAC Private Capital (Closed Siris $641 million Closed Sirisll? [. $1.81 billion ii>1.41.;n tt 'led equity (52a,n tg.,tul equity nvi-stechl invectetir 2007 I 2008 I 20u9 2010

y Invested 41,308 $2,923 • Sins I - core" ($500m in, 2007 vintage) Gross RR Gross MOIL Net RR Net MOIC Sirls I +Go4roest 622% 3.1x NA NA Siris I Only 499% 2.9x NA NA Equity Invested $784 $439 $345 Realized Unrealized Total ($104) Realized! (S885) Value Value Value Total Va

Share 07,11)46 61% co-invest Siris I - Core** ($500mm, 2007 vintage) Grass IRR Goes MOIL Net RR Net ROC Skis I. Co.Invest 622% 3.1x NA NA Siris I Only 492% 2,9x NA NA Equity Invested ($104) ($254) $784 $439 $345 Realized( Total Value Co-Investor Share ■ Fund Share 41% co-inves

ely dissolve the various holding entities created for the investment. Due to the structure of the investment, Total Value for Sins I + Co-invest and Siris I includes approximately $3 million and $10 million of fees. respectively, received by Siris led co-investors or their affiliates and Siris I althou

hare r1,11)46 61% co-invest Siris I - Core** ($500mm, 2007 vintage) Grass IRR Goes MOIL Net RR Net MOIC Skis I. Co Ini.est 622% 3.1x NA NA Siris I Only 492% 2,9x NA NA Equity Invested ($104) ($254) $784 $439 $345 Realized( Total Value Co-Investor Share ■ Fund Share 41% co-inves

Equity Invested 41,308 $2,923 Sins I - core" ($500mm, 2007 vintage) Gross RR Gross MOIL Net RR Net MOIC Sirls I +Goenvest 622% 3.1x NA NA Siris I Only 499% 2.9x NA NA Equity Invested $784 $439 $345 Realized Unrealized Total ($104) Realized! (S885) Value Value Value Total Va

erest, actual net returns to Sins II and Sins III partners who did receive such a discount would have been higher. Net Returns are not presented for Siris I as Sids I did not have a traditional fund structure as it was not subject to fund-level management fees, carried interest or expenses. The deducti

y invested when shown for a Sins fund plus co-Investors includes equity invested at the applicable holding company level by (I) investors invited by Siris to invest alongside its funds, including Sins limited partners and debt financing partners, (ii) Sins employee funds, (iii) Executive Partners, and (

ely dissolve the various holding entities created for the investment. Due to the structure of the investment, Total Value for Sins I + Co-invest and Siris I includes approximately $3 million and $10 million of fees. respectively, received by Siris led co-investors or their affiliates and Siris I althou

SRLP102 Alpha Group Capital Organization Chart Institutionalized team driving more efficient transaction execution and portfolio management. • Siris continues to invest in its team Fund II Final Closing 2012 ear end 2017 year end Founding Partners (Senior) Managing Director Principals Vice

Full Name: Ian Silverman Last Name: Silverman First Name: Ian Company: Skis Capital Business Phone: E-mail: Mr. Ian Silverman joined Siris in 2013 as its Chief Financial Officer. Prior to joining Siris Capital, Mr. Silverman worked at Tenex Capital Management and was responsible for fi

ture, deep value technology businesses in transition. Sires' three founders have worked together for more than 18 years and have, together with the Siris team, invested $4.7 billion of equity across 14 investments over the past twelve years. While past performance is not indicative of future results,

SRLP102 Alpha Group Capital Differentiated investment strategy: Investing in "Bonds" and "Call Options-2 • Siris' strategy is to Invest in technology companies in transition that have both a strong legacy business as well as robust next generation growth in:tie

ns set forth above. The target gross returns sot forth herein are based on Sins' belief regarding what returns may be achievable on investments that Siris intends to pursue in light of the Sins Founders' experience with similar investments, and are also based on an assumption that economics, market and