ironSource SPAC Presentation Deck
Thoma Bravo and ironSource offer a compelling partnership
Thoma Bravo Investment Criteria
Growth
Business
Investment Highlights
83%
FY2020 REVENUE
GROWTH
-37%
FY2021E & FY2022E
REVENUE GROWTH
is ironSource
Market
Leading
Franchise
80%
INTEGRATION WITH
THE TOP 100 MOST
DOWNLOADED GAMES
Ability to
Innovate
2.3B
MONTHLY ACTIVE USERS
10+
YEARS OF
INNOVATING FOR APP
DEVELOPERS AND
TELECOM
OPERATORS
High
Recurring
Revenue
149%
DOLLAR-BASED NET
EXPANSION RATE
FOR ALL
CUSTOMERS¹
94%
2020 REVENUE FROM
CUSTOMERS >$100K²
Strong
Management
Team
5
CO-FOUNDERS
LEADING
Large Total
Addressable
Market
$41B
2025 TAM
10+
YEARS WORKING
TOGETHER SCALING
BUSINESSES
Returns are the result of realized investments in software made by or under the supervision of persons now part of the Thoma Bravo investment staff while at Thoma Bravo or its predecessor firm, Thoma Cressey Bravo, Inc. Since in
some cases the investments constituted only a portion of the funds in which they were made, no investor could have made such an investment and no investor received the returns indicated even if an investor invested in all of the
funds indicated. The performance of an investment and the aggregate performance of investments were calculated using actual cash flows and the value of remaining interests in the investments for the period from closing of the first
investment in January 2003 through 9/30/20. The aggregate performance calculations were made as if each investment was made by one continuous fund beginning in January 2003. Past performance is not an indicator of future
results and all data is qualified by the offering documents. The complete investment history of Thoma Bravo is not shown, but is available upon request. Since investments in software, in some cases, constitute only a portion of the
funds in which they were made, no investor could have received the results indicated. Software refers to software and technology-enabled services investments made by or under the supervision of persons now part of Thoma Bravo.
Since investments in software, in some cases, constitute only a portion of the funds in which they were made, no investor could have received the results indicated. Software refers to software and technology-enabled services
investments made by or under the supervision of persons now part of Thoma Bravo.¹ Calculated over the trailing 12 months ending December 31, 2020. 2 Customers contributing more than $100,000 in revenue refer to customers
who have generated more than $100,000 in revenue for ironSource over the trailing 12 months.
19%
CAGR FROM
2020 TO 2025
Confidential 44View entire presentation