ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2021

Avtex

Schedule of Assets Acquired and Liabilities Assumed

The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Preliminary
	Estimate of
	Acquisition Date
	Fair Value
Cash	$	18,638
Accounts receivable, net		25,342
Prepaid expenses		30,541
Current income tax receivables		93
Net fixed assets		3,162
Right of use assets		3,210
Other Assets		468
Tradename		5,300
Intellectual property intangible		770
Customer relationships		123,760
Goodwill		370,883
	$	582,167
Accounts payable	$	22,563
Accrued employee compensation		4,325
Accrued expenses		250
Right of use liability - current		543
Deferred revenue		51,542
Accrued income taxes		332
Right of use liability - noncurrent		2,667
	$	82,222
Total purchase price	$	499,945

Voice Foundry US

Schedule of Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Acquisition Date
	Fair Value
Accounts receivable, net	$	3,758
Prepaid and other assets		345
Tradename		400
Non-compete		150
Customer relationships		6,550
Goodwill		35,881
	$	47,084
Accounts payable	$	289
Accrued employee compensation		741
Deferred revenue		170
	$	1,200
Total purchase price	$	45,884

Voice Foundry ASEAN

Schedule of Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Acquisition Date
	Fair Value
Cash	$	1,300
Accounts receivable, net		937
Prepaid and other expenses		115
Income tax receivable		30
Property, plant and equipment		274
Tradename		300
Customer relationships		3,100
Goodwill		14,418
	$	20,474
Accounts payable	$	960
Accrued employee compensation		113
Deferred revenue		236
Deferred tax liability		1,013
Other accrued liabilities		(78)
	$	2,244
Total purchase price	$	18,230

Serendebyte

Schedule of Assets Acquired and Liabilities Assumed

The following summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Acquisition Date
	Fair Value
Cash	$	3,123
Accounts receivable, net		1,243
Prepaid and other assets		1,327
Property, plant and equipment		20
Deferred tax assets		14
Tradename		400
Customer relationships		1,920
Goodwill		9,033
	$	17,080
Accounts payable	$	120
Accrued employee compensation and benefits		1,025
Accrued income taxes		170
Accrued expenses		2,208
Deferred tax liabilities - long-term		629
	$	4,152
Total purchase price	$	12,928