Syniverse SPAC Presentation Deck

Defining the Peer Group for Syniverse Syniverse has no direct public comparables but Transaction Processing and Communication Tech peers share many similar attributes Transaction Processing Peers ▪ Segment leadership: Superior platform and leading technology ▪ Revenue model: High scalability and visibility with substantial recurring and re-occurring revenue ▪ Mission critical: Core to the functioning of essential network-driven ecosystems ■ Competitive differentiation: Scaled player in an area with sustainable competitive differentiation and favorable secular tailwinds ▪ Customer relationships: Long-term relationships with a high quality customer base ADP EQUIFAX® FIS "FLEETCOR jack henry & ASSOCIATES INC. Broadridge experian. fisery. globalpayments TransUnion PAYCHEX wex syniverse. Median: 8% Median: 41% sinch 6 bandwidth 15% 30% everbridge® PagerDuty 8 twilio Communication Tech Peers Median: 25% Median: 8% ■ Communications Ecosystem: Provides communications solutions for the mobile economy ▪ Product offerings: Varied levels of overlap in offerings, including P2P messaging, A2P messaging and CPaaS '22E revenue growth: '22E Adj. EBITDA margin: EV / '22E Adj. EBITDA: Median: 19x 12.1x Median: 50x Source: Syniverse management model; Syniverse multiple based on proposed transaction and company projections; peer metrics based on Factset estimates as of 8/13/2021 Note: Calculation and companies included may use different definitions of Adjusted EBITDA; peers shown on a calendar year basis; EV / '22E Adj. EBITDA median calculated by excluding the companies denoted "nm" which is defined as multiples less than Ox or greater than 80x; Syniverse metrics based on fiscal year ending November 30 ▪ Connectivity: Enables customers and platforms to seamlessly reach their users anywhere in the world ▪ Market Tailwinds: Benefitting from advances in communications technology, including 5G deployment and growth in mobile devices and data 30

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