Subsequent Events

3 Months Ended

Mar. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

(17) Subsequent Events

On April 3, 2018, the Company entered into a Transaction Agreement, or the Transaction Agreement, with Unified Messaging Systems ASA, or UMS, pursuant to which the Company agreed to commence a tender offer to purchase all of the issued and outstanding shares of capital stock of UMS at a price of 1.37 Norwegian kroner per share. The tender offer closed on April 3, 2018, and the Company purchased a total of 184,746,970 tendered shares. Together with shares purchased in the open market, the Company now holds 186,484,989 UMS shares, representing approximately 94.2% of the total shares in UMS on a fully diluted basis.                             The Company has initiated a compulsory acquisition of the remaining outstanding shares of UMS. The total consideration paid by the Company for the UMS shares was $35.5 million. The Company’s acquisition of UMS was made to expand its presence internationally and enhance its suite of products.   

Due to the limited time since the acquisition date, the initial accounting for the business combination is incomplete at this time. As a result, the Company is unable to provide amounts recognized as of the acquisition date for major classes of assets and liabilities acquired and resulting from the transaction, including any intangible assets or goodwill.