Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

Subsequent Events

12.Subsequent Events

On July 5, 2011, the Company acquired iCentera, Inc. a US based SaaS provider of sales enablement software for approximately $7.9 million. The Company paid $5.3 million in cash at closing with the balance subject to performance and indemnity holdbacks. The Company has not completed the accounting for the acquisition of iCentera.

Acquisition related expenses primarily consist of direct transaction costs such as professional service fees. For the six months ended June 30, 2011, the Company incurred a total of $80,000 acquisition-related expenses associated with the iCentera acquisition.  These direct transaction costs were recorded as expenses in the Company’s condensed consolidated statements of operations.