Alarm.com (Nasdaq: ALRM) ▶ 18% stock price decline ▶ Revenue increased by 16.4% from $618 million to $719.3 million over the LTM period ending Sept. 30 ▶ Enterprise value-to-EBITDA multiple decreased from 48.3x to 36x for the 12 months ending Dec. 31 Vivotek (TWSE: 3454) ▶ 16.1% stock price decline ▶ Revenue decreased by 4.8% from $199.6 million to $189.9 million over the last 12-month (LTM) period ending Sept. 30 ▶ Enterprise value-to-EBITDA multiple increased from 17.5x to 25.5x for the 12 months ending Dec. 31 Cybersecurity Weaker Performers Everbridge (Nasdaq: EVBG) ▶ 54.8% stock price decrease ▶ Revenue increased by 25.9% from $271.1 million to $341.2 million over the LTM period ending Sept. 30 ▶ Enterprise value-to-revenue multiple decreased from 20.6x to 8x for the 12 months ending Dec. 31 SolarWinds Corp. (NYSE: SWI) ▶ 52.4% stock price decrease ▶ Revenue increased by 0.1% from $1.2 billion to $1.9 billion over the LTM period ending Sept. 30 ▶ Enterprise value-to-EBITDA multiple decreased from 24.5x to 18.3x for the 12 months ending Dec. 31 Splunk (Nasdaq: SPLK) ▶ 31.9% stock price decrease ▶ Revenue increased by 12.9% from $2.4 billion to $2.6 billion over the LTM period ending Oct. 31 ▶ Enterprise value-to-revenue multiple decreased from 12.4x to 8x for the 12 months ending Dec. 31 Mandiant (Nasdaq: MNDT) ▶ 23.9% stock price decrease ▶ Revenue increased by 6.5% from $940.6 million to $1.7 billion over the LTM period ending Sept. 30 ▶ Enterprise value-to-Revenue multiple securitysales.com 2021 M&A OVERVIEW Transaction activity throughout the physical and cybersecurity space remained robust throughout 2021. The following highlights some of 2021's notable deals by sector. Physical Security ▶ Openpath Security was acquired by Motorola Solutions for $366 million, furthering Motorola Solutions' access solutions combining hardware and software focusing on smartphone or smart device access to physical locations. ▶ Motorola Solutions acquired Envysion, a provider of enterprise video security and business analytics solutions to the quick-service restaurant and retail industries for $124 million. The purchase is one of many rapidly growing number of video surveillance acquisitions made by Motorola Solutions as it looks to solidify its position as one of the industry's largest vendors. ▶ AFA Protective Systems was acquired by Corbett Technology Solutions (CTSI) FEBRUARY 2022 Security Sales & Integration 23 A representative index of 28 physical security stocks compiled by Capstone Partners experienced an average growth of 13.8% in 2021. decreased from 5.8x to 4.4x for the 12 months ending Dec. 31 OneSpan (Nasdaq: OSPN) ▶ 18.1% stock price decrease ▶ Revenue declined by 3.4% from $215.7 million to $208.3 million over the LTM period ending Sept. 30 ▶ Enterprise value-to-Revenue multiple decreased from 3.2x to 2.8x for the 12 months ending Dec. 31 FRESHIDEA/STOCK.ADOBE.COMhttp://www.Alarm.com http://www.securitysales.com