JMI Equity (“JMI”) is a private equity firm that was founded in 1992. JMI Management, L.P.1 was founded in 2005 and is the JMI entity that provides investment advisory services to various growth equity investment funds sponsored or organized by JMI (the “Funds”). The principal owner of JMI is JMI Management Holdings, L.L.C. A related person of JMI generally acts as the general partner of (or in another equivalent management position for) each Fund. References to JMI in this Brochure include, as the context requires, affiliates through which JMI provides investment advisory services (including JMI Management, L.P.) or that act in any capacity referenced in the previous sentence. References to “person” in this Brochure include, as the context permits, natural persons and entities. JMI focuses primarily on equity investments in privately-held, growth-stage, operating companies in the software and technology-enabled services industries. These investments may represent either controlling or minority interests in such companies. Although the primary focus of each Fund is on growth equity investments in companies based in North America, JMI may from time to time recommend other types of investments (such as publicly traded equity, selective early-stage investments in privately-held companies or investments in companies outside of North America) to the extent consistent with the respective Fund’s investment strategy and objectives and its Governing Documents (as defined below). JMI’s advisory services consist of (i) investigating, identifying, and evaluating investment opportunities; (ii) structuring, negotiating and making

investments on behalf of the Funds; (iii) managing and monitoring the performance of such investments; and (iv) exiting such investments on behalf of the Funds. JMI’s advisory services to each Fund are subject to the specific investment objectives and restrictions applicable to such Fund, as set forth in such Fund’s limited partnership agreement, confidential private placement memorandum and other governing documents (collectively, the “Governing Documents”). Investors and prospective investors in each Fund should refer to the Governing Documents of that Fund for information on the investment objectives and investment restrictions with respect to that Fund. There can be no assurance that any of the Funds’ investment objectives will be achieved. In accordance with common industry practice, one or more of the Funds or their general partners enters into “side letters” or similar agreements with certain investors pursuant to which the Fund or its general partner grants the investor specific rights, benefits, or privileges that are not made available to investors generally. Such “side letters” or similar agreements generally are disclosed only to investors in the applicable Fund that have separately negotiated with JMI for the right to review such “side letters” or similar agreements. JMI does not participate in any wrap fee programs. 1 JMI Management, L.P. is the entity that is registered as an investment adviser with the SEC. JMI manages assets of the Funds on a discretionary basis in accordance with the terms and conditions of each Fund’s Governing Documents. JMI does not manage client assets on a non-discretionary basis. As of December 31, 2023, JMI’s regulatory assets under management were $8,696,716,084.