Partners for Growth
Behavioral Interventions ("BI") is the leading provider of offender monitoring and prisoner re-entry services to federal, state and local government agencies in the United States. The Company pioneered the use of electronic monitoring as a cost-effective alternative to incarceration and currently holds greater than 50% market share in the U.S. The Company also operates the largest network of offender re-entry centers in the U.S., providing various services that ease offenders' transition back into society and reduce recidivism. In February 2006, Quad-C acquired the Company from its previous financial sponsor in partnership with a very strong and experienced management team led by George DeHuff. Mr. DeHuff, along with other key members of management, invested a significant amount of equity alongside Quad-C in the transaction. Quad-C was attracted to BI's contract-based recurring revenue model, dominant market position and the overall non-cyclical macroeconomic drivers of the industry. Quad-C and management were able to identify significant long-term growth opportunities for the business and work together to take BI to its next phase of growth.

Execution of Growth Strategy
With the support of Quad-C, management executed on its plan to significantly grow all aspects of BI's business, including expanding the number of BI's reentry centers. Management's ability to win contracts with new customers, increase its business with the Company's existing customer base and further gain electronic monitoring market share resulted in a substantial increase in participant counts and overall revenues and profits.

Successful Sale
As a result of executing on its plan, BI achieved strong operating performance in the two and a half years following the acquisition by Quad-C, with operating profit increasing by more than 50%. In August of 2008, we sold the Company to a private equity group, generating an IRR of 60% for our investors.