Business Combinations (Tables)

12 Months Ended

Dec. 31, 2018

UMS

Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration and acquisition date fair values of the assets acquired and the liabilities assumed for the acquisition of UMS made by the Company. The following table also summarizes the aggregate consideration for UMS as of December 31, 2018 (in thousands):

	UMS
Assets acquired
Accounts receivable		3,793
Other assets		2,069
Property and equipment		27
Trade names		470
Acquired technology		930
Customer relationships		16,400
Goodwill		18,278
Total assets acquired	$	41,967
Liabilities assumed
Accounts payable and accrued expenses		3,852
Deferred revenue		6,130
Other liabilities		101
Net assets acquired	$	31,884
Consideration paid
Cash paid, net of cash acquired		31,884
Total	$	31,884

PlanetRisk, Inc.

Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration and acquisition date fair values of the assets acquired and the liabilities assumed for the acquisition of PlanetRisk made by the Company. The following table also summarizes the aggregate consideration for PlanetRisk as of December 31, 2018 (in thousands):

	PlanetRisk
Assets acquired
Accounts receivable		2,862
Property and equipment		488
Acquired technology		110
Customer relationships		2,300
Goodwill		228
Total assets acquired	$	5,988
Liabilities assumed
Accounts payable and accrued expenses		717
Deferred revenue		3,030
Other liabilities		220
Net assets acquired	$	2,021
Consideration paid
Cash paid, net of cash acquired		2,021
Total	$	2,021

Respond B.V.

Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration and acquisition date fair values of the assets acquired and the liabilities assumed for the acquisition of Respond made by the Company. The following table also summarizes the aggregate consideration for Respond as of December 31, 2018 (in thousands):

	Respond
Assets acquired
Accounts receivable		86
Other assets		87
Property and equipment		19
Trade names		90
Acquired technology		140
Customer relationships		1,600
Goodwill		1,193
Total assets acquired	$	3,215
Liabilities assumed
Accounts payable and accrued expenses		226
Deferred revenue		240
Other liabilities		414
Net assets acquired	$	2,335
Consideration paid
Cash paid, net of cash acquired		1,952
Note payable		383
Total	$	2,335

IDV Solutions LLC

Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase consideration and the estimated fair value of the assets acquired and the liabilities assumed for the acquisition of IDV made by the Company. The following table also summarizes the aggregate consideration for IDV as of December 31, 2017 (in thousands):

Assets acquired	IDV
Accounts receivable	$	1,462
Other assets		242
Property and equipment		174
Trade names		1,590
Acquired technology		2,490
Customer relationships		3,400
Non-compete arrangement		240
Goodwill		21,196
Total assets acquired	$	30,794
Liabilities assumed
Accounts payable and accrued expenses	$	347
Deferred revenue		4,060
Other liabilities		132
Net assets acquired	$	26,255
Consideration paid
Cash paid, net of cash acquired	$	21,235
Acquisition date fair value of contingent consideration		5,020
Total	$	26,255

Summary of Unaudited Pro Forma Combined Results of Operations

The following tables reflect the unaudited pro forma combined results of operations for the year ended December 31, 2017 as if the acquisition of IDV had taken place on January 1, 2017.  The unaudited pro forma financial information includes the effects of certain adjustments, including the amortization of acquired intangible assets and the associated tax effect and the elimination of the Company’s and the acquiree’s non-recurring acquisition related expenses:

	Revenue		Net loss
Results of acquired business included in our twelve months    ended (in thousands):
For the year ended December 31, 2017 pro forma	$	104,889	$	(19,779	)

	Year Ended December 31,
	2017
Basic and diluted earnings per share pro forma	$	(0.71	)