Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events

18. SUBSEQUENT EVENTS

On February 5, 2015, the Company announced the acquisition of ARAS 360 Technologies Inc. (ARAS), a privately held company for $7.7 million in cash, and up to an additional $4.0 million in contingent consideration that may be earned over a two-year period. ARAS is a global leader in the development of accident and crime reconstruction, simulation and animation software, headquartered in Kamloops, British Columbia. The acquisition is expected to complement the Company’s portfolio within the law enforcement market. The Company is in the process of allocating the purchase price to the acquired assets and liabilities based upon their estimated fair values as of the date of closing. The results of ARAS’ operations were not included in the Company’s consolidated financial statements as of or for the year ended December 31, 2014.