Business Characteristics

• Established, growth-oriented, North America-based business led by experienced management team

• Platform potential with unique and distinct competitive positioning and leadership

• Proven products and services with limited risk of technology obsolescence

• Recurring revenue business model with low customer concentration

• Entrenched customer position along with high retention rates and satisfaction levels

• Must be generating revenue between $10 million to $200 million, and a minimum EBITDA of approximately $2 million

• Ability to achieve and sustain industry-leading EBITDA margins

• High return on invested capital or clear ability to achieve such returns

• Low-to-moderate capital intensity

• Need for strategic and capital support to accelerate organic and M&A-driven growth and/or improve operational performance

• Strong desire to remain independent and ensure continuity for employees and customers

• Seller(s) seeking liquidity and/or exit (with transition period)

• N-Squared's ability to acquire majority control over time