ACQUISITIONS

The Company acquired all outstanding equity interests in CHITA Inc. ("CHITA") and Mytrus, Incorporated ("Mytrus") on February 17, 2017 and April 18, 2017, respectively.

CHITA provides regulated content management for the life sciences industry. Mytrus provides cloud-based software for electronic informed consent ("eConsent"), which replaces paper patient consent forms. Through these acquisitions, the Company adds regulated document and standard operating procedure ("SOP") management, electronic trial master file ("eTMF"), and eConsent capabilities to its platform.

Aggregate purchase consideration of $28.9 million consisted of upfront consideration of $23.2 million and contingent consideration (associated with CHITA) initially valued at $5.7 million. In connection with these acquisitions, the Company recognized $16.6 million in finite-lived intangible assets, deferred tax liabilities of $2.9 million, and $1.6 million in other net tangible liabilities, resulting in the recognition of $16.8 million in goodwill.

Intangible assets acquired were as follows (in thousands):



	Acquisition Date Fair Value		Weighted-Average Useful Life
Developed technology	$	15,602	5 years
Customer relationships	890		6 years
Non-competition agreements	110		3.5 years
Total	$	16,602

The Company does not consider these acquisitions, individually or in the aggregate, to be significant to its financial condition or results of operations; its consolidated results of operations for the three and nine months ended September 30, 2017 include the revenues and expenses of CHITA and Mytrus since their respective acquisition dates.