Segment Reporting

3 Months Ended

Mar. 31, 2018

The Company operates as one operating segment based upon the similar nature of its technology-driven partner companies, the functional alignment of the organizational structure, and the reports that are regularly reviewed by the chief operating decision maker for the purpose of assessing performance and allocating resources. As of March 31, 2018, the Company held interests in 25 non-consolidated partner companies. The Company’s active partner companies were as follows as of March 31, 2018:



Partner Company	Safeguard Primary Ownership as of March 31, 2018	Accounting Method
AdvantEdge Healthcare Solutions, Inc.	40.1%	Equity
Aktana, Inc.	24.6%	Equity
Apprenda, Inc.	29.3%	Equity
Brickwork	20.3%	Equity
Cask Data, Inc.	31.2%	Equity
CloudMine, Inc.	47.3%	Equity
Clutch Holdings, Inc.	41.3%	Equity
Flashtalking *	10.3%	Other
Hoopla Software, Inc.	25.5%	Equity
InfoBionic, Inc.	39.5%	Equity
Lumesis, Inc.	43.8%	Equity
MediaMath, Inc.	20.5%	Equity
meQuilibrium	36.2%	Equity
Moxe Health Corporation	32.4%	Equity
NovaSom, Inc.	31.7%	Equity
Prognos (fka Medivo, Inc.)	28.7%	Equity
Propeller Health, Inc.	24.0%	Equity
QuanticMind, Inc.	24.7%	Equity
Sonobi, Inc.	21.6%	Equity
Syapse, Inc.	20.1%	Equity
T-REX Group, Inc.	21.1%	Equity
Transactis, Inc.	23.8%	Equity
Trice Medical, Inc.	24.8%	Equity
WebLinc, Inc.	38.0%	Equity
Zipnosis, Inc.	25.4%	Equity

* Spongecell, Inc. merged into Flashtalking in January 2018.

As of March 31, 2018 and December 31, 2017, all of the Company’s assets were located in the United States.