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IIIV earnings call for the period ending March 31, 2021.

Jim was most recently a systems development manager and has been with Kadant Johnson since 2006. Before Kadant Johnson he held various technical and commercial roles at Valmet-Enerdry and Voith. He succeeds John Lefkowitz who retired after 16 years at Kadant Johnson.

Twitter's Jack Dorsey, through his financial services company Square, has bought a majority stake in JAY-Z's music streaming platform Tidal

Operator Good day, everyone, and welcome to the i3 Verticals First Quarter 2021 Earnings Conference Call. Today's call is being recorded and a replay will be available starting today through February 16. The number for the replay is 719-457-0820 and the code is 3920238. The replay may also be accessed for 30 days at the company's website. At this time, for opening remarks, I would like to turn the call over to Mr. Scott Meriwether, Chief Operating Officer. Please go ahead, sir. Scott Meriwether -- Chief Operating Officer Good morning, and welcome to the first quarter 2021 conference call for...

1. Under GAAP, companies must adjust, as necessary, beginning balances of acquired deferred revenue to fair value as part of acquisition accounting as defined by GAAP. For the revised 2021 outlook, the Company has removed the effect of these adjustments to acquisition date fair value from acquisitions that have closed as of the earnings release date. 2. Assumes an effective pro forma tax rate of 25.0% (non-GAAP). With respect to the “2021 Outlook” above, reconciliation of adjusted net revenue, adjusted EBITDA and adjusted diluted earnings per share guidance to the closest corresponding GA...