July 7, 2015

As we pass the half-way

point in 2015 we are
pleased to bring you our
Quarterly Client Update
to start off the third
quarter.

Team
Chris Legg
Nick MacShane
Sam Thompson
Rick Gallagher
Doug Billman

Jay Jamijian
Progress Partners has
Davis Rosborough
experienced an active
Alden French
and successful 2015 thus
Annabel Yee
far, typified by three sellside M&A deals closely
approaching execution.
We also continue to see
traction in our buy-side
services platform,
formally known as
Corporate Strategy and
Advisory (CSA). We are
currently signed on in
this capacity with two
publicly traded software
companies and a large
television broadcast
company, building on
momentum from our
support
ofCarbonite's (NasdaqG
M:CARB) acquisition
of MailStore in
December 2014.

Progress Partners is
excited to announce the
addition of two new team
members to the Boston
office: Rick Gallagher and
Jay Jamijian. As CFO,
Rick brings more than 25
years of senior
management experience
as a CPA, CFO, and COO
of start-ups, Fortune
500, publicly traded,
private equity, and high

growth venture capital

backed companies with
an industry emphasis on
media and marketing.
Rick has completed over
a billion dollars' worth of
acquisitions, from
sourcing to integration.
He has co-founded 3
start-ups; raised over
$35 million for them; and
taken them all to liquidity
events, including one
IPO. Rick has a BBA in
accounting from the
Isenberg School of
Management at the
University of
Massachusetts Amherst.
Jay is uniquely qualified
for his role as Associate
at Progress Partners. In
the course of his career
he has led the successful
exit of a start-up as
President of College
Bellhop, interned in
investment banking with
Canaccord Genuity, and
worked as a Senior
Associate at boutique
investment bank
Stonebridge Associates.
Jay is a CFA Level I
candidate and received
his MBA with honors
distinction from the Olin
School of Business at
Babson College.
We also appreciate the
support of three
ambitious interns this
summer: Claire Lydiard,
M.S. in Finance
Candidate at Boston
College, Hannah
McLaughlin, rising junior
at Harvard University,
and Brennen Walker,
rising junior at Babson

College.
The following is a
summary of current and
active engagements
in Media, Marketing,
and Enterprise technolo
gies. For additional
information and a
corresponding point of
contact, please click on
the links accompanying
the companies listed
below.
Thank you for your
continued support and
interest in our firm's
activities.
Nick, Sam, and Chris
Current Clients:
Company 135: Sell-side
Advisory
A marketing data product
which integrates from all
customer touch points in
order to identify and
interpret behavior in real
time and advance
customers along the
loyalty engagement
spectrum from prospect,
to single-purchaser, to
long-term buyer. (Click
here for more
information)
Company 158: Buy-side
Advisory
An email marketing,
social media marketing,
event marketing, and
online survey platform
for small and mid-sized
businesses. (Click here
for more information)
Company 162: Sellside Advisory

A cloud-based workflow
and campaign
management platform for
the media and
advertising
industries. (Click here
for more information)
Company 170: Sell-side
Advisory

A full-service SaaS-based
white-label classified
advertising solution for
media publishing groups
to place and promote
online and traditional
advertising in any
classified vertical. (Click
here for more
information)
Company
176: Strategic Advisory
Demand side platform of
record for cable system
addressable TV analytics
and activation. (Click
here for more
information)
Company 191: Sell-side
Advisory

An online, desktop and

tablet literacy software
provider for individuals,
K-12, higher education,
and publishers. (Click
here for more
information)
Company
195: Strategic Advisory
A live sports video
network which provides
fan experience solutions
for programs and venue
partners. (Click here
for more information)
Company
197: Strategic Advisory
A global TV monitoring
infrastructure providing
TV Analytics and TV Sync

Ads products to
advertisers, agencies,
and media
companies. (Click here
for more information)
Company 198: Sell-side
Advisory
A marketing mix
optimization software
solution for B2C
marketers through cloudbased SaaS technology
to model collective
influences on purchasing
behavior. (Click here for
more information)
Company
200: Strategic Advisory
A multi-platform
distribution and content
management system for
digital magazine
publishers, and is the
world's largest
newsstand and top-rated
application on iPhone,
iPad, Android and
Windows 8. (Click here
for more information)
Company 202: Sellside Advisory
A cost-per-lead and optin ad network, offering
both publisher
monetization products
and advertiser ROI
optimization
products. (Click here
for more information)
Company 205: Buy-side
Advisory
A television broadcasting
company that owns
and/or provides services
for 50+ television
stations within the U.S.,
and owns several other
ventures involved in the
creation, distribution,

and promotion of media

across various
platforms. (Click here
for more information)
Company
206: Strategic Advisory
A membership-based
private boating company
that significantly reduces
the cost of accessing
luxury power
boats. (Click here for
more information)
Company
207: Strategic Advisory
A digital advertising
platform that offers
branding, direct response
campaigning,
retargeting, and
programmatic buying
solutions to improve ad
relevance and digital
campaign performance
based on an
understanding of
consumers'
preferences. (Click here
for more information)
Company 208: Buy-side
Advisory
A cloud-based SaaS
platform for secure
workplace, colleague and
customer connectivity
monitoring and
analytics. (Click here
for more information)
Company 209: Buy-side
Advisory
A consortium of
broadcast TV station
groups with a shared
interest in supporting the
next generation of data
and technology
initiatives. (Click here
for more information)

Company 210: Buy-side

Advisory
A contact management
and e-marketing solution
for SMBs. (Click here
for more information)

About Progress Partners

Progress Partners is a Boston- and New York-based finance and M&A
advisory firm that works with owners and management of emerging growth
companies to identify, build and realize business value. Our deep industry
expertise, high ethical standards, cultivated relationships, extensive
network, and entrepreneurial experience give us the ability to achieve
superior results for our clients.
Boston
One Broadway, 14th Floor
Avenue, 27th Floor
Cambridge, MA 02142
10167

New York
245 Park
New York, NY

(617) 401-2700
www.progresspartners.com
Securities related transactions are offered through a registered
representative of an independent broker/dealer, M&A Securities Group,
Inc. Member FINRA/SIPC. Testimonials contained in this site are not
indicative of future results.