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Subsequent Event
3 Months Ended
Mar. 31, 2014
Subsequent Event

NOTE 14. SUBSEQUENT EVENT

On May 6, 2014, we acquired CallCopy, Inc., a Delaware corporation doing business as Uptivity (“Uptivity”).  Uptivity provides a complete mid-market workforce optimization suite of services to call centers comprised of speech and desktop analytics, agent coaching, call and desktop recording, as well as quality, performance, workforce management and satisfaction surveys. There were no material relationships between inContact and any of the stockholders of Uptivity prior to the acquisition.

The purchase price was approximately $50.2 million, including Uptivity’s unaudited adjusted net current assets of approximately $5.8 million as of the closing date, which was estimated for purposes of closing and subject to adjustment in certain circumstances and verification in a final closing balance sheet for Uptivity.  The purchase price was paid with cash in the amount of $14.6 million and 4,256,244 shares of the Company’s common stock valued at $35.6 million.