7. Acquisitions

During the six months ended July 31, 2012, Autodesk completed the business combination described below. The results of operations for the following acquisition are included in the accompanying Condensed Consolidated Statement of Operations since its acquisition date. Pro forma results of operations have not been presented because the effects of the following acquisition was not material to Autodesk's Consolidated Financial Statements.

Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill.

On June 7, 2012, Autodesk acquired Vela Systems, Inc. (“Vela”) for total cash consideration of $76.0 million. Vela was a privately owned company that provides a cloud-based mobile platform that delivers critical information to the construction and capital projects market. Prior to acquiring Vela, Autodesk had an equity investment in the company with an acquisition-date fair value of $6.8 million using a market approach to value the investment. Valuations using the market approach reflect relevant observable information generated by market transactions involving comparable businesses. As a result of the acquisition, Autodesk recorded a $3.3 million gain on the business combination achieved in stages. Vela has been integrated into, and the related goodwill was assigned to, Autodesk's Architecture, Engineering and Construction segment.

The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for the Vela business combination:



	Vela
Developed technologies	$	5.9
Customer relationships	3.6
Trade name	2.6
Goodwill (1)	57.6
Deferred Revenue ST and LT	(2.0		)
Deferred tax asset	3.9
Net tangible assets (liabilities)	4.4
Total	$	76.0

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(1)	The amount of goodwill expected to be deductible for tax purposes is zero.

For Vela, the business combination accounting is not yet finalized. The initial accounting was based upon a preliminary valuation and our estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the business combination accounting that are not yet finalized are amounts for income tax assets and liabilities, pending finalization of estimates and assumptions in respect of certain tax aspects of the transaction and residual goodwill.