Core Insights - Clairvest Group Inc. has sold its interests in F12.net, a leading managed service provider in Canada, to a private equity firm, with significant reinvestment from existing shareholders and the executive team [1][2] Company Overview - F12 is one of the largest privately held managed service providers in Canada, catering to small and medium-sized businesses with over 20,000 users [2] - The company operates across Alberta, British Columbia, and Ontario, delivering critical managed technology services through its proprietary platform, F12 Connect [2] Investment Performance - Clairvest partnered with F12 in November 2020 to scale its platform, resulting in substantial growth; F12's revenue increased over 2.5 times and EBITDA over 3.5 times during the investment period [3] - The sale proceeds for Clairvest amounted to approximately CAD$163 million, with Clairvest's portion being CAD$44 million, representing a capital multiple of 4.6x and an IRR of 35% [4] Impact on Clairvest - The sale positively impacts Clairvest's book value by approximately CAD$1.50 per share over the carrying value as of September 30, 2025 [4] - This transaction marks Clairvest's third successful realization in the technology services sector, following previous investments in Meriplex Communications and Peer 1 Networks [4] Management Commentary - Clairvest's Managing Director highlighted F12's commitment to service delivery and its ambition to lead the managed technology services market in Canada [5] - F12's Founder & CEO expressed excitement about the next growth phase, emphasizing the successful partnership with Clairvest and the achievement of industry-leading KPIs [6]

Summary of Intelligent Protection Management (IPM) Conference Call Company Overview - **Company Name**: Intelligent Protection Management Corporation (IPM) - **Ticker Symbol**: IPM (NASDAQ) - **Industry**: Managed Security Service Provider (MSSP) focusing on private cloud solutions for small to medium-sized businesses, particularly in the finance sector [4][10][12] Core Business and Services - **Service Offerings**: IPM provides managed services including hosting, security, backup, and disaster recovery, primarily for financial institutions [4][5] - **Key Client**: Newtek Bank, a public company with a market cap of $300 million, relies on IPM for all its operational technology needs [7][12] - **Market Position**: IPM aims to fill a gap in security services for small and medium businesses, which often lack the internal expertise to manage their own security [14][19] Recent Developments - **Acquisition**: IPM became an independent public company on January 2, 2025, after acquiring Newtek Technology Solutions for approximately $6 million in total [12][13] - **Financial Health**: As of the last quarter, IPM reported $8-9 million in cash and no debt, with a market cap around $30 million [13][35] - **AI Service Introduction**: Recently announced the addition of an AI-powered service called Aura, aimed at enhancing online safety for employees using personal devices for work [16][31] Growth Strategy - **Customer Retention and Growth**: Focus on maintaining high customer retention rates through personalized service and support [29] - **Referral Programs**: Implementing various referral programs to generate new business, including partnerships with companies like IT Ally [20] - **Marketing Initiatives**: Enhancing online presence through SEO and pay-per-click strategies to attract new clients [21] Financial Metrics and Goals - **Revenue Growth**: Aiming for consistent quarterly revenue growth and reaching EBITDA profitability by the end of the year [26][33] - **Gross Margin**: Currently around 50%, with a focus on improving net margins [33][34] - **Customer Metrics**: Tracking the total number of devices under management as a key performance indicator [34] Legal and Patent Developments - **Patent Portfolio**: IPM holds several patents, some of which have been licensed to major companies like Microsoft and Sony [35] - **Legal Judgment**: Recently received a patent infringement judgment against Cisco WebEx for $65.7 million, which could positively impact the company's financials [35][36] Conclusion - **Investment Appeal**: IPM presents a compelling investment opportunity with a solid financial foundation, innovative service offerings, and a strategic focus on growth in a burgeoning industry [36]