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Portfolio News October 7, 2021

Vow Inc. joins portfolio of K1, a leading investment firm focusing on high-growth software companies globally

Vow, a leading provider of interactive phone systems to the pharmacy industry, announced its strategic partnership with Digital Pharmacist, a software company that powers digital communication and adherence solutions for over 7,000 pharmacies.
Vow Inc. joins portfolio of K1, a leading investment firm focusing on high-growth software companies globally

Vow and affiliate, Digital Pharmacist position to deliver best-in-class, interoperable interactive voice response systems, websites, and mobile apps to pharmacies

BOILING SPRINGS, SOUTH CAROLINA, October 7, 2021 – Vow, a leading provider of interactive phone systems to the pharmacy industry, announced its strategic partnership with Digital Pharmacist, a software company that powers digital communication and adherence solutions for over 7,000 pharmacies. Together, the combined businesses establish an industry leading portfolio of solutions that automate pharmacy operations and enhance patient communications through its core solutions: Patient Engagement Platform, interactive voice response (IVR), website, and mobile app.

“We are thrilled to partner with Digital Pharmacist, it’s an exciting opportunity to further expand our offerings and build innovative products,” states Chip Simmons, the founder of Vow, who will lead the combined IVR business. “This next chapter of growth will accelerate our business and development, allowing our current customers and the rest of the pharmacy industry to experience the benefits. We remain highly committed to the pharmacy community and see that the Digital Pharmacist team shares the same level of commitment.”

Vow will continue to offer its best-in-class IVR technology platform. It will subsume Digital Pharmacist’s IVR operations and products, migrating the company’s customers to Vow’s platform in 2022. Digital Pharmacist will subsume Vow’s website and mobile app solutions, augmenting these products with new features and functionality that will enrich patient engagement and experience.

“We are excited to partner with Chip and the Vow team to bring the Vow brand and products to a greater number of independent pharmacies,” said Corey Hansen, CEO of Digital Pharmacist. “Digital Pharmacist’s strategic combination with Vow positions us to deliver best-in-class interoperable IVR, website, and mobile app products to our pharmacy customers and their patients. Our next-generation Patient Engagement Platform will form the cornerstone of our product platform.”

To learn more about Digital Pharmacist and Vow, please visit digitalpharmacist.com and vowinc.com.

About Vow

Vow, headquartered in Boiling Springs, South Carolina, is a leading provider of interactive phone systems to the pharmacy industry where its solutions operate in nearly two-thousand pharmacies. The company’s products automate operations, improve pharmacists’ productivity, and improve patient experience.

About Digital Pharmacist

Digital Pharmacist, headquartered in Austin, Texas, is a leading provider of software to the pharmacy industry where its solutions are deployed across more than seven thousand pharmacies. The company’s products drive patient engagement and improve patient outcomes.

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Certain statements about K1 Investment Management LLC (“K1”) made by portfolio company executives herein are intended to illustrate K1's business relationship with such persons, including with respect to K1's facilities as a business partner, rather than K1's capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in K1-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. For K1, “carbon neutral” means that any greenhouse gas (GHG) emissions derived from a defined scope of K1’s activities are balanced by an equivalent amount removed, including through our purchase of carbon credits. In this report, our “carbon neutral” status is based on our GHG emissions footprint calculated in accordance with the GHG Protocol as of December 31st, 2023 (comprising Scope 2 Electricity and Gas usage and certain Scope 3 categories: Business Travel and Employee Commuting), amounting to an estimated 3,497 metric tons CO2e. K1 then purchased and applied carbon credits in 2024, amounting to an estimated 6,994 metric tons of CO2e. We engaged a third party to assist with the calculation of K1’s estimated GHG emissions for 2023, but we did not obtain independent, third-party verification of our “carbon neutral” status. To address our 2023 emissions, we contributed to the Conservación y Captura de Carbono / Conservation and Carbon Capture (CO2LTZINGO) reforestation carbon removal project in Coltzingo, Mexico (CAR 1464). This project was certified by the Climate Action Reserve (CAR), using the Protocolo Forestal para México (PFM) Versión 1.5 / Mexico Forest Protocol Version 1.5 and the Guía de Cuantificación de Acervos de Carbono y Monitoreo del Proyecto Versión 1.5 / Project Monitoring and Carbon Stock Quantification Guidance Version 1.5 with a validation date of January 15th, 2019.

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