Subsequent Event

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

12. Subsequent Events

Acquisition of Bluetube, LLC

On October 12, 2016, the Company acquired substantially all of the assets of Bluetube, LLC, a Georgia limited liability company ("Bluetube"), pursuant to the terms of an Asset Purchase Agreement which included approximately $7.4 million of cash paid at closing and a maximum potential payout for additional revenue and earnings-based contingent consideration of $2.7 million, which may be realized by Bluetube twelve months after the closing date of the acquisition. The acquisition of Bluetube expands the Company's expertise in mobile and web application development solutions.

Goodwill and intangible assets are expected to be recorded on the Consolidated Balance Sheet from the acquisition of Bluetube. As of November 3, 2016, the initial accounting for the business combination has not been completed, including the measurement of certain intangible assets and goodwill. Acquisition costs for the nine months ended September 30, 2016 were $0.5 million.