Winning Technology Investment Opportunities in 2014 Parthenon’s Perspective on Persistent Private Equity Technology Investment Trends from 2013 -3 3 6 9 12 -6 ALL DEALS 0 14 TECH DEALS 15 -6 Growth in U.S. PE Deals (2012-2013) These businesses have not traditionally been tracked as “IT Investments” KEY SEGMENTS TO WATCH B2B Growth Growth in SaaS Vertically Focused Software Growth of Tech-Enabled Businesses 171 38 28 21 B2B still accounts for majority of IT investments at 75% SaaS was the leading theme of B2B software investing overall Financial services and healthcare were particularly active BOSTON | LONDON | MUMBAI | SAN FRANCISCO | SHANGHAI | SINGAPORE FIND US! www.parthenon.com Source: Parthenon Analysis This document was created before Parthenon joined Ernst & Young LLP on August 29, 2014, and has not been updated to reflect the combination.