Acquisition of Versature Corp.

3 Months Ended

Oct. 31, 2019

Business Combinations [Abstract]

Acquisition of Versature Corp.

Note 8—Acquisition of Versature Corp.

On September 14, 2018, the Company acquired 100% of the outstanding shares of Versature Corp., a UCaaS provider serving the Canadian market, for cash of $5.9 million. Versature's operating results from the date of acquisition, which were not significant, are included in the Company's consolidated financial statements.

The following table presents unaudited pro forma information of the Company as if the acquisition occurred on August 1, 2018:

	Three Months Ended October 31,
	2019			2018
	(in thousands)
Revenues	$	340,245		$	363,200
Net loss	$	(1,422	)	$	(2,206	)