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  "notes": "Includes financial chart showing revenue and EBITDA margin growth from 2014 to 2018E.",
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      "text": "$1.3 billion enterprise value... Transaction funded through combination... Pre-existing ConvergeOne stockholders... Sellers and Forum Management had the potential to receive earnouts... PF adj. EBITDA targets were $144 million...",
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      "text": "Industry with a large and growing total addressable market; Company with history of growth and recurring revenue model; Company with large cap and deeply entrenched clients; Able to utilize company as a platform; Significant retained ownership",
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      "text": "ConvergeOne is a leading IT services provider... Approximately 90%+ services renewal rate... 9,000+ customers and 2,700+ employees... Experienced management team with 25+ years of industry experience",
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      "text": "Note: Adj. EBITDA margin is a non-GAAP metric. (1) Source: ConvergeOne website... (2) Based on share purchased for $12.50...",
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      "text": "Case Study: Forum Merger I / ConvergeOne",
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