Slide 1: Progress to Acquire ShareFile Supplemental Information
Yogesh Gupta Chief Executive Office September 9, 2024 Progress to Acquire ShareFile Supplemental Information
Slide 2: Important Information
2 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Important Information Note Regarding Forward - Looking Statements This slide presentation contains statements that are “forward - looking statements” within the meaning of Section 27A of the Secur itie
Slide 3: ShareFile – Overview of Proposed Transaction
3 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. ShareFile – Overview of Proposed Transaction • Definitive agreement signed on September 9, 2024 • Currently expected close in FY2024, subject to regulatory review and customary closing conditions Timin
Slide 4: Strategic Rationale
4 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. 4 Strategic Rationale x ShareFile fits perfectly with our existing Digital Experience portfolio • ShareFile's content - centric collaboration and workflow automation are crucial to creating seamless an
Slide 5: Our Total Growth Strategy
5 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. 5 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Our Total Growth Strategy 1. Invest and Innovate 2. Acquire and Integrate 3. Drive Customer Success An
Slide 6: ShareFile is the Right Acquisition for Progress
6 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. ShareFile is the Right Acquisition for Progress 100% Recurring Revenue and 100%+ Net Retention Rate Strong Financial Characteristics End Market Alignment Meets Our Strict Financial Criteria Focused on
Slide 7: Who is ShareFile?
7 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Who is ShareFile? Modern cloud content collaboration platform, with AI - enabled document - centric collaboration and workflows, client portals, secure file sync and share and eSignature 100% Recurring
Slide 8: ShareFile Platform
8 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. ÇÇ Project - based Collaboration & Client Portal Track changes and manage document versions Document Transaction & Generation eSignature capabilities to streamline contract management Secure File Sync
Slide 9: ShareFile Will Thrive Within Progress
9 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. ShareFile Will Thrive Within Progress Cultural Alignment Shared commitment to innovation and helping customers achieve their goals Trusted Provider Over 4 million developers and technologists at thousa
Slide 10: Successful Track Record of M&A
10 © 2024 Progress Software Corporation and/or its subsidiaries or affiliates. All rights reserved. Ipswitch FY’19 Chef FY’ 20 Kemp FY ‘21 FY ‘22 MarkLogic FY ‘23 ShareFile FY ’24E FY’ 18 Total Growth Strategy Implemented Successful Track Record of M&A Revenue $432M Revenue $456M Revenue $557M Reven
Slide 11: D Progress’
D Progress’