Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Event [Line Items]

Subsequent Events [Text Block]

SUBSEQUENT EVENT

TVN Acquisition

On February 11, 2016, pursuant to the terms of the Put Option Agreement, one of our subsidiaries entered into a securities purchase agreement (the “SPA”) with TVN’s shareholders (the “Sellers”) to purchase 100% of the share capital and voting rights of TVN, on a non-diluted basis. On February 29, 2016, the Company completed the acquisition of TVN for total cash consideration of approximately $76.5 million. There may be additional post-closing payments in amounts respectively capped to (i) the difference between €76 million (as converted from euros into U.S. dollars) and $75 million, with respect to an adjustment based on TVN’s 2015 revenue, and (ii) $5 million with respect to an adjustment based on TVN’s 2015 backlog that ships during the first half of 2016, all of which at such times and under the circumstances set forth in the SPA. After paying the TVN purchase consideration on February 29, 2016, the aggregated balance of the Company’s cash, cash equivalents and short-term investments was approximately $70 million.

The initial accounting for this business combination is in progress as of the date of this Form 10-K filing.