ironSource SPAC
Thoma Bravo and ironSource offer a compelling partnership
Thoma Bravo Investment Criteria
Growth
Business
Investment Highlights
83%
FY2020 REVENUE
GROWTH
-46%
FY2021E
REVENUE GROWTH
Market
Leading
Franchise
80%
INTEGRATION WITH
THE TOP 100 MOST
DOWNLOADED GAMES
2.5B
MONTHLY ACTIVE USERS
Ability to
Innovate
10+
YEARS OF
INNOVATING FOR APP
DEVELOPERS AND
TELECOM
OPERATORS
High
Recurring
Revenue
176%
DOLLAR-BASED NET
EXPANSION RATE
FOR ALL
CUSTOMERS
94%
Q121 REVENUE FROM
CUSTOMERS $100K
Strong
Management
Team
5
CO-FOUNDERS
LEADING
Large Total
Addressable
Market
$41B
2025 TAM
19%
CAGR FROM
2020 TO 2025
10+
YEARS WORKING
TOGETHER SCALING
BUSINESSES
Father of realed investments in software made by or under the supervision of persons now part of the Thoma Bao invest start while an Thoma Brava or its predecessor frm, Thoma Cely Brac Since in
some cases the investments conatuted only a portion of the funds in which they were made no investor could have mude such an investment and no investor received the retums indicated even if an investor invested in all of the
Ands indicated. The performance of an investment and the aggregate performance of investments were calculated using achd cash fows and the value of remaining enters the vestments for the period from closing of the first
January 2000 vough 3020 The aggregate performance calculators were made asfach vent was made by one cortuus fund beginning in January 2003 Past performance is not an
results and all data a qualified by the offering documents. The complete envestment history of Thoma evo is not shown, but is available upon at Since intments in software, in some cases, constitute only a portion of the
IS ironSource funds in which they were maden ervestor could have received the results indicated. Software refers to softwars and technology enabled services is made by or under the supervision of persons now part of Thoma Dav Confidential 49
Srce estens in sofware some cases, conhe only a portion of the funds in which y were made no investor could have received the results refers to and services
investments made by or under the supervision of persons now part of Thoma Bravo Calculated over the baling 12 months ending March 31, 2001 Curs contributing more than $100.000 in revenue ter to customers who
for ordource over the ting 12 monthView entire presentation