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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2021
xMatters Holdings, Inc  
Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of xMatters made by the Company (in thousands):

 

 

xMatters

 

Assets acquired

 

 

 

 

Accounts receivable

 

$

6,716

 

Property and equipment

 

 

1,458

 

Trade names

 

 

8,200

 

Acquired technology

 

 

8,390

 

Customer relationships

 

 

78,940

 

Goodwill

 

 

170,437

 

Other assets

 

 

5,433

 

Total assets acquired

 

 

279,574

 

Liabilities assumed

 

 

 

 

Accounts payable

 

 

1,164

 

Accrued expenses

 

 

5,517

 

Deferred revenue

 

 

34,421

 

Deferred tax liabilities

 

 

3,436

 

Other liabilities

 

 

5,056

 

Net assets acquired

 

$

229,980

 

Consideration paid

 

 

 

 

Cash paid, net of cash acquired

 

$

165,498

 

Fair value of common stock issued

 

 

64,482

 

Total

 

$

229,980

 

Red Sky Technologies Inc.  
Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of RedSky made by the Company (in thousands):

 

 

RedSky

 

Assets acquired

 

 

 

 

Accounts receivable

 

$

2,926

 

Other assets

 

 

242

 

Property and equipment

 

 

18

 

Trade names

 

 

2,230

 

Acquired technology

 

 

3,590

 

Customer relationships

 

 

20,000

 

Goodwill

 

 

49,508

 

Total assets acquired

 

 

78,514

 

Liabilities assumed

 

 

 

 

Accounts payable

 

 

233

 

Accrued expenses

 

 

773

 

Deferred revenue

 

 

5,866

 

Deferred tax liabilities

 

 

7,048

 

Other liabilities

 

 

26

 

Net assets acquired

 

$

64,568

 

Consideration paid

 

 

 

 

Cash paid, net of cash acquired

 

$

32,401

 

Fair value of common stock issued

 

 

23,032

 

Contingent consideration

 

 

9,135

 

Total

 

$

64,568

 

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

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of Techwan made by the Company (in thousands):

 

 

 

Techwan

 

Assets acquired

 

 

 

 

Accounts receivable

 

$

921

 

Other current assets

 

 

235

 

Acquired technology

 

 

1,160

 

Trade names

 

 

580

 

Customer relationships

 

 

5,100

 

Goodwill

 

 

12,678

 

Other assets

 

 

254

 

Total assets acquired

 

 

20,928

 

Liabilities assumed

 

 

 

 

Accrued expenses

 

 

673

 

Deferred revenue

 

 

1,190

 

Deferred tax liabilities

 

 

838

 

Other current liabilities

 

 

927

 

Net assets acquired

 

$

17,300

 

Consideration paid

 

 

 

 

Cash consideration, net of cash acquired

 

$

9,301

 

Fair value of common stock issued

 

 

5,074

 

Acquisition-related deferred common stock consideration

 

 

895

 

Contingent consideration

 

 

2,030

 

Total

 

$

17,300

 

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

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of SnapComms made by the Company (in thousands):

 

 

 

SnapComms

 

Assets acquired

 

 

 

 

Accounts receivable

 

$

1,808

 

Other current assets

 

 

283

 

Property and equipment

 

 

118

 

Acquired technology

 

 

2,300

 

Trade names

 

 

960

 

Customer relationships

 

 

13,300

 

Goodwill

 

 

22,629

 

Other assets

 

 

943

 

Total assets acquired

 

 

42,341

 

Liabilities assumed

 

 

 

 

Accrued expenses

 

 

503

 

Deferred revenue

 

 

3,165

 

Deferred tax liabilities

 

 

4,960

 

Other liabilities

 

 

742

 

Net assets acquired

 

$

32,971

 

Consideration paid

 

 

 

 

Cash consideration, net of cash acquired

 

$

10,090

 

Fair value of common stock issued

 

 

17,685

 

Acquisition-related deferred consideration

 

 

3,149

 

Contingent consideration

 

 

2,047

 

Total

 

$

32,971