Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies.

Commitments and Contingencies

8. Commitments and Contingencies

Except as set forth below, there were no material changes in the Company’s commitments under contractual obligations, as disclosed in the Company’s audited consolidated financial statements for the year ended December 31, 2013.

In May 2014, the Company amended its lease agreement associated with the Company’s pre-existing building space in San Mateo, California, whereby the Company agreed to lease additional space of 14,864 square feet and extend the lease term of its pre-existing space through the end of August 2018. The amended lease agreement has increased the future minimum lease payments by approximately $9.3 million.

In May 2014, the Company entered into a definitive lease agreement whereby the Company will lease approximately 7,245 square feet of office space in Atlanta, Georgia. The Company’s future minimum lease payments under this agreement are approximately $1.1 million, payable over the sixty-six month term of the lease.

As of June 30, 2014, future minimum operating lease payments are as follow (in thousands):

2014 (remaining 6 months)	$	2,243
2015	4,474
2016	4,638
2017	4,742
2018	3,237
Thereafter	205
Total	$	19,539

Additionally, in May 2014, the Company entered into a hosting service agreement with a vendor. The Company’s contractual obligation under this agreement is approximately $1.8 million, payable over the thirty-six month term of the agreement.