Business Acquisition (Tables)

3 Months Ended

Apr. 30, 2018

Schedule of Fair Value of Consideration Transferred

The acquisition date fair value consideration transferred for Voxter was approximately $3.9 million, which consisted of the following (in thousands, except for share data):

	Fair Value
Cash paid at closing	$	2,510
Common stock issued at closing (35,513 shares)		390
Holdback payable⁽¹⁾		780
Contingent consideration⁽²⁾		231
Total	$	3,911

⁽¹⁾ Amounts to be paid in cash after a one-year holdback period.

⁽²⁾ Fair value of deferred earn-out payments ($0.8 million gross) contingent upon the achievement of certain performance targets.