Press Release

For more information, contact:

Nanette Collins Public Relations for Cylynt (617) 437-1822 nanette@nvc.com

SmartFlow Compliance Solutions Becomes Cylynt, Leverages Anti-Piracy Expertise to Expand into Usage Analytics and Software Monetization

Scales for the Future as SaaS Market Intelligence Platform Provider

LOS ANGELES –– June 1, 2020 –– SmartFlow Compliance Solutions today became

Cylynt (pronounced sī-lənt), a new name to reflect its expansive strategy as the

company grows beyond its core anti-piracy and license compliance expertise to become

a broader software-as-a-service (SaaS) market intelligence platform.

Cylynt’s technology provides sophisticated data-driven tools to help software companies

maximize revenue and leverage usage analytics and business intelligence to make

informed decisions. “Cylynt is the evolution of our powerful SmartFlow technology,

enabling our customers to utilize analytics to gain valuable insights derived from a

centralized data lake,” affirms Ted Miracco, CEO of Cylynt. “Our open architecture can

be fed from multiple data sources, including our telemetry sources and other datasets

within the enterprise. This allows our customers to monitor the overall health, security

and usage of their software assets.”

The former SmartFlow, founded in 2014, is an industry leader in software anti-piracy

and license compliance solutions. The company’s flagship product, SmartFlow

Enterprise, is used by the world’s largest software companies to stop unauthorized use

of their software and drive revenue by converting those unauthorized users into paying

customers. A laser focus on anti-piracy helped build a secure, scalable technology

platform that resulted in superior customer success in thwarting piracy and recovering

lost revenue.

“We are only successful if our customers are successful and as a result, we have

experienced a 55% compound annual growth rate (CAGR) and negligible gross

customer churn over the past five years,” said Graham Kill, Cylynt’s chairman. “Our

business intelligence and case management platform has powerful capabilities to

assess a software company’s entire product usage well beyond the opportunity to

convert unauthorized use, giving our clients a richer, more detailed perspective to make

sound business decisions and add additional value for their customers.”

Cylynt’s Product Offerings

Cylynt’s technologically advanced software monetization platform provides highly

accurate telemetry data to ensure that users are properly licensed and authorized. The

usage analytics module enables users to organize and leverage that data in order to

make informed decisions about addressing licensing issues and generating incremental

revenue.

New offerings available in the latest release help companies gather and aggregate

additional datasets beyond their license compliance program to create supplementary

revenue streams through the monetization of trials, educational licenses and enterprise

license agreements.

Three products within the expanded Cylynt market intelligence platform include Cylynt

Alarm, Cylynt Sentry and Cylynt Ranger.

Cylynt Alarm provides a tamper detection kit (TDK) that determines if and how users’

software has been compromised, while the Cylynt Sentry software development kit

(SDK) monitors software usage data, including authorized, questionable and

unauthorized use.

The Cylynt Ranger privacy reporting service (PRS) identifies obsolete software

versions, known cracked applications and counterfeit license files.

All Cylynt telemetry data integrates with the SmartFlow Enterprise case management

platform, which offers business analytics, lead generation and customizable reporting.

Cylynt SmartFlow Professional, an entry-level, cloud-based solution, offers the same

technologies for small and medium-sized businesses (SMBs) developing on-premise

software applications.

Additional products and services will be announced in the coming months.

“We are mission critical to our customers, as for many 10-15% of their revenue is

facilitated by our products,” concludes Adrian Allen, Cylynt’s chief technology officer.

“We measure our success based on how successful our customers are in achieving

such results. That role and responsibility has guided us as we have progressively grown

in scale and set new quality standards for ourselves. We partner closely with our

customers to help them maximize their revenues and that focus will continue as we help

them develop their businesses.”

About Cylynt

Cylynt provides SaaS based anti-piracy, license compliance and software monetization

technology for the world’s leading software companies. Cylynt’s data-driven approach to

software utilization enables technology companies to derive more value while protecting

their intellectual property (IP). Cylynt helps clients make informed business decisions,

correct licensing problems, and protect customers from unfair competition. With a

solution for every budget, Cylynt’s innovative technologies organize, analyze, and

interpret telemetry data into meaningful market insights and quality lead generation. To

learn more about how Cylynt solutions can help protect software brand names and drive

revenue generation efforts, call +1-424-278-9990 or email info@cylynt.com.

Engage with Cylynt at: Website: www.cylynt.com Email: info@cylynt.com Linkedin: https://www.linkedin.com/company/smartflow-compliance-solutions Twitter: @CylyntInc

Fact Sheet

Complete Market Intelligence and Revenue GenerationFounded as SmartFlow Compliance Solutions, Cylynt has expanded its core anti-piracy and license compliance expertise to become a complete multi-functional market intelligence platform with a growing product portfolio to support data-driven business intelligence (BI). The company’s flagship product, SmartFlow Enterprise, is used by the world’s largest software companies to protect their intellectual property (IP) and generate alternative means of revenue.

The only software as a service (SaaS), open license compliance solution on the market, Cylynt has evolved into an enterprise data lake that enables software companies to assess the overall health and security of their software assets rather than only the unauthorized subset. This gives users a richer, more detailed perspective from which to make sound business decisions.

Corporate Facts Founded 2014

Cylynt USA Los Angeles, CA, USA

Cylynt Europe Dublin, Ireland

Primary Business License compliance & software monetization

Website www.cylynt.com

The Cylynt anti-piracy and software monetization platform drives the license compliance programs for the world’s leading software companies. The precise telemetry data collected by Cylynt’s innovative technologies organizes, analyzes, and interprets that data into meaningful market insights and quality lead generation to improve productivity, reduce operational costs, and guard against downtime by preventing malware attacks and protecting brand names and reputations.

Cylynt AnalyticsCylynt Analytics provides a fully integrated, cloud-based, best-in-class BI platform and custom reporting module that helps users make sense of the patterns that emerge from the usage data available through the Cylynt case management system. Customizable dashboards offer multiple high-level business perspectives, enabling customers to make more informed decisions about addressing non-compliance issues, generating revenue, and staying ahead of the competition. Cylynt Analytics goes far beyond identifying piracy and under compliance by helping users to optimize trial evaluations, discover technical support issues, and re-negotiate enterprise license agreements to drive revenue growth.

Open License Compliance SolutionThe unique Cylynt SaaS open architecture allows users to integrate a wide variety of data sources, including the Cylynt Sentry software development kit (SDK), as well as proprietary and third-party sources, to drive their compliance program. Users’ own software activation data or other data sources can be cross correlated with usage data from Cylynt Sentry, or, for example, Microsoft’s Azure application insights. This unique open approach enables enterprises to maximize the impact of their data for revenue recovery and business decisions.

SmartFlow EnterpriseCylynt’s SmartFlow Enterprise is the most complete license compliance and revenue generation solution available and includes business analytics, lead generation, customizable reporting, an open API, and CRM integration with Salesforce. In addition to the industry’s most sophisticated data enrichment and analytical capabilities, the software features innovative data collection techniques and usage analytics that reflect a deep expertise in developing the latest technologies to uncover piracy, recover revenue, generate leads, and analyze usage, while tracking business and market trends.

SmartFlow ProfessionalCylynt’s SmartFlow Professional is an entry-level, subscription-based software as a service (SaaS) anti-piracy and monetization solution for small and medium-sized businesses (SMBs) that are developing on-premise software applications. Professional provides everything needed to build or expand an effective compliance program for protecting valuable IP from copyright infringement and software piracy.

The usage data collected by Professional is also transforming the way companies monetize trials, educational licenses, and enterprise license agreements.

Financial HighlightsCylynt’s obsession with customer success and dedicated support has resulted in a 55% compound annual growth rate and a churn rate of under 3%. The company continues to strive for 100% customer retention and is redoubling investments in research and development to drive customer satisfaction.

Leadership TeamTed Miracco Co-Founder and Chief Executive Officer

Chris Luijten Founder

Adrian Allen Chief Technology Officer

Karen Dunne Director and Group Chief Financial Officer

John Hoang Chief Financial Officer

Graham Kill Chairman

To learn more about how Cylynt solutions can help you in your anti-piracy and revenue generation efforts, call us at +1-424-278-9990 or email info@cylynt.com.

© 2020 Cylynt. All rights reserved worldwide. Cylynt, the Cylynt logo, and other Cylynt marks are trademarks or registered trademarks of Cylynt. All other trademarks are the property of their respective owners.

55% Compound Annual Growth Rate (2015-2019)

Annual Recurring Revenue (ARR) Growth

Presentation

SmartFlow Compliance Rebrands to CylyntAnti-Piracy Expert Expands Into Data Analytics and Software Monetization

• SmartFlow Compliance Solutions was founded to help software developers combat software piracy

• Core expertise is expanding into software data analytics and monetization

• Now a broader software-as-a-service (SaaS) market intelligence platform

Why Rebrand?

©Cylynt 2020 2

Cylynt Vision

• Provide an enterprise data lake that receives data sources throughout the organization• Enables software companies to assess the

overall health and security of their software assets

• Powerful capabilities to assess a company’s entire product usage • More data than only unauthorized use

• Gives users a richer, more detailed perspective to make sound business decisions

3©Cylynt 2020

Revenue Generation Opportunities• Data-driven software monetization tools

• Generate revenue through alternative channels byleveraging data already being collected for license compliance

• Business intelligence module usage analytics • Optimize trial evaluations • Discover technical support issues• Address enterprise license agreements

• Customer relationships• Prompt, knowledgeable technical support• Enhanced customer support• Investment in future R&D Cylynt solutions are

generating 10-15% of revenue for many customers

Customer Relationships

Future R&D

Enhanced Customer

Relationships

Prompt Technical Support

Popular Modules &

Features

Optimized Trial

Evaluations

Licence Agreements

CylyntAnalytics

4©Cylynt 2020

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The Cylynt Suite of TechnologiesAnalyzes usage data for visibility into the LC program, its effectiveness, results, and forecastCylynt Analytics

Determines if and how software has been compromisedCylynt AlarmTamper Detection Kit (TDK)

Reports accurate usage data, including legal, questionable, and unauthorized usage

Cylynt SentrySoftware Development Kit (SDK)

Identifies obsolete software versions, known cracked applications, and counterfeit license files

Cylynt RangerPrivacy Reporting Service (PRS)

Generates letters using cultural intelligence (CQ), tracks opportunities, and provides automated followup

SmartFlow Case Management System

Data processing architecture adjusts to current regional privacy lawsSmartFlow Gateway

Technology Stack

6©Cylynt 2020

Electronic Design Automation (EDA)

Computer Generated Imagery (CGI)

Product Lifecycle Managment (PLM)

Architectural/Civil Engineering (BIM)

Computer Aided Manufacturing (CAM)

Other

Electronic Design Automation (EDA) Computer Generated Imagery (CGI)

Product Lifecycle Managment (PLM) Architectural/Civil Engineering (BIM)

Computer Aided Manufacturing (CAM) Scientific/Statistical

Other

Software Industries Served

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Leadership Team

Ted Miracco, CEO and Co-Founder – Co-founded AWR Corporation, an EDA company that specializes in high-frequency analog circuit design software

Chris Luijten, Founder – Also founded ITCA, a services company that helps software companies with piracy and revenue recovery

Adrian Allen, CTO - Oversees technical and product strategy and roadmap

Explosive Revenue Growth, Low Churn

9©Cylynt 2020

Customer TestimonialsMichael Gallagher, President & CEO, Hexagon Manufacturing Intelligence, Canada, Ltd.:“When we benchmarked SmartFlow usage data against competitors, we found that while competitor data showed a fair amount of compliance issues, SmartFlow revealed false positives in that data. SmartFlow results provided so much more data and were so much more accurate. You definitely don’t want to go after somebody for noncompliance and it turns out they actually are compliant.”

Jeff Kahler, Nuhertz:“Cylynt’s detailed piracy logs and concrete data have proven to be critically effective in convincing honest large company managers that piracy is occurring under their watch.

“During our evaluation, Cylynt’s technology immediately discovered unlicensed usage of our software within a leading global telecommunications company with a research and design facility in China. SmartFlow was able to specifically identify the illegal users/machines and document detailed contact information, providing undeniable proof to the telecoms company that it had employees who were using illegal copies of Nuhertz software.”

Major EDA Company“SmartFlow has evolved into a very advanced technology that we are confident will provide us with the information we need to take action against piracy. The SmartFlow people are very knowledgeable and they are motivated to work with us to develop a solution that fits our needs."

10©Cylynt 2020

Customer TestimonialsTransMagic“When you apply this type of compliance program the impact is huge. SmartFlow is our best reseller, they are the most consistent and they bring in the biggest deals. They’ve developed technology that helps companies like mine to seek and find the individuals who are using pirated software."

Architectural Engineering Company“I see an amazing amount of functionality that is really helpful. There is no question in my mind that the richness of the Cylynt system is very valuable to us.”

“One of the many benefits of Cylynt is to our customers, who have been pushing us to pursue the pirates because of unfair competition. Piracy is not going away any time soon, it’s actually growing and now we can do something to minimize this problem."

Leading EDA Company:“Cylynt developers are focused on the holistic aspects of a compliance program, not just on recovering as much revenue as possible. We need to be very careful of our customer relationships and SmartFlow provides the detailed information needed to make accurate decisions about who to go after and how aggressive to be."

11©Cylynt 2020

For more information, contact:Nanette CollinsPublic Relations for Cylynt(617) 437-1822nanette@nvc.com

30 May, 2020 ©Cylynt Proprietary & Confidential 12