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Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
Business acquisitions  
Schedule of pro forma financial information

 

 

 

 

 

 

 

 

 

 

At December 31,

 

 

    

2015

    

2014

 

Revenues

 

$

517,891

 

$

457,972

 

Net loss

 

 

(48,973)

 

 

(26,846)

 

Net loss per share:

 

 

 

 

 

 

 

Basic

 

 

(1.15)

 

 

(0.66)

 

Diluted

 

 

(1.15)

 

 

(0.66)

 

 

WMS  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

 

Cash paid to owners

    

$

8,992

 

Contingent consideration

 

 

15,738

 

 

 

$

24,730

 

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

Total tangible assets acquired

    

$

1,296

Total liabilities assumed

 

 

(2,257)

Identifiable intangible assets

 

 

17,000

Goodwill

 

 

8,691

Total net assets acquired

 

$

24,730

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

    

 

 

    

Weighted Average

    

Amortization

 

 

Amount

 

Useful Life in Years

 

Method

Customer list

 

$

14,000

 

12

 

Accelerated

Proprietary technology

 

 

3,000

 

2.5

 

Accelerated

Total

 

$

17,000

 

 

 

 

 

Klein  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

 

Cash paid to owners

    

$

1,288

 

Promissory note

 

 

1,500

 

Contingent consideration

 

 

2,800

 

 

 

$

5,588

 

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

Total tangible assets acquired

    

$

53

 

Total liabilities assumed

 

 

(396)

 

Identifiable intangible assets

 

 

2,900

 

Goodwill

 

 

3,031

 

Total net assets acquired

 

$

5,588

 

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Weighted Average

    

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Customer list

 

$

2,200

 

10

 

Accelerated

 

Proprietary technology

 

 

700

 

3

 

Straight-line

 

Total

 

$

2,900

 

 

 

 

 

 

Placemark Holdings Inc  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

 

Cash paid to owners

    

$

66,000

 

Cash acquired

 

 

(8,419)

 

Receivable from working capital settlement

 

 

701

 

 

 

$

58,282

 

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

Total tangible assets acquired

    

$

4,608

 

Total liabilities assumed

 

 

(3,118)

 

Identifiable intangible assets

 

 

30,000

 

Goodwill

 

 

27,362

 

Total net assets acquired

 

$

58,852

 

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Weighted Average Useful

    

Amortization

 

 

 

Amount

 

Life in Years

 

Method

 

Customer list

 

$

24,000 

 

11

 

Accelerated

 

Proprietary technology

 

 

5,000 

 

5

 

Straight-line

 

Trade names

 

 

1,000 

 

5

 

Straight-line

 

Total

 

$

30,000 

 

 

 

 

 

 

Upside Holdings, Inc.  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

 

Cash consideration

    

$

2,040

 

Purchase consideration liability

 

 

615

 

Cash acquired

 

 

(14)

 

Total

 

$

2,641

 

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

Total tangible assets acquired

    

$

88

 

Total liabilities assumed

 

 

(404)

 

Identifiable intangible assets

 

 

1,450

 

Goodwill

 

 

1,507

 

Total net assets acquired

 

$

2,641

 

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Weighted Average

    

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Proprietary technology

 

$

1,450

 

4

 

Straight-line

 

 

Finance Logix  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

 

Cash consideration

    

$

20,595

 

Stock and stock option consideration

 

 

8,930

 

Purchase consideration liability

 

 

3,000

 

Cash acquired

 

 

(909)

 

Total

 

$

31,616

 

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

 

Total tangible assets acquired

    

$

952

 

Total liabilities assumed

 

 

(2,628)

 

Identifiable intangible assets

 

 

9,800

 

Goodwill

 

 

23,492

 

Total net assets acquired

 

$

31,616

 

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Weighted Average

    

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Customer list

 

$

8,300

 

12

 

Accelerated

 

Proprietary technology

 

 

1,000

 

4

 

Straight-line

 

Trade names and domains

 

 

500

 

5

 

Straight-line

 

Total

 

$

9,800

 

 

 

 

 

 

Castle Rock  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

Cash consideration

    

$

6,190

Contingent consideration liability

 

 

1,500

Cash acquired

 

 

(320)

Total

 

$

7,370

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

Total tangible assets acquired

    

$

255

Total liabilities assumed

 

 

(1,254)

Identifiable intangible assets

 

 

3,400

Goodwill

 

 

4,969

Total net assets acquired

 

$

7,370

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Weighted Average

    

Amortization

 

 

 

Amount

 

Useful Life in Years

 

Method

 

Customer list

 

$

2,500

 

12

 

Accelerated

 

Proprietary technology

 

 

800

 

5

 

Straight-line

 

Trade names and domains

 

 

100

 

4

 

Straight-line

 

Total

 

$

3,400

 

 

 

 

 

 

Yodlee, Inc  
Business acquisitions  
Summary of consideration in the acquisition

 

 

 

 

Cash consideration

    

$

363,957

Stock consideration

 

 

186,522

Purchase consideration liability

 

 

10,061

Attribution of the fair market value of replacement awards

 

 

4,318

Cash acquired

 

 

(63,234)

 

 

$

501,624

 

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition

 

 

 

 

Total tangible assets acquired

    

$

33,815

Total liabilities assumed

 

 

(55,240)

Identifiable intangible assets

 

 

237,000

Goodwill

 

 

286,049

Total net assets acquired

 

$

501,624

 

Summary of intangible assets acquired, estimated useful lives and amortization method

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

Amortization

 

 

    

Amount

    

Useful Life in Years

    

Method

 

Customer list

 

$

178,000

 

12

 

Accelerated

 

Backlog

 

 

11,000

 

4

 

Accelerated

 

Proprietary technology

 

 

35,000

 

5

 

Straight-line

 

Trade names

 

 

13,000

 

6

 

Straight-line

 

Total

 

$

237,000