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Business Acquisitions (Tables) - Voicebox
12 Months Ended
Sep. 30, 2020
Schedule of Summary of Final Allocation of Purchase Consideration

A summary of the final allocation of the purchase consideration for the acquisition of Voicebox adjusted for measurement period adjustments is as follows (dollars in thousands):

 

 

Voicebox

 

Purchase consideration:

 

 

 

 

Cash

 

$

79,802

 

Settlement of pre-existing relationship

 

 

12,751

 

Deferred acquisition payment

 

 

1,600

 

Total purchase consideration

 

$

94,153

 

Allocation of purchase consideration:

 

 

 

 

Accounts receivable

 

$

6,545

 

Prepaid expenses and other current assets

 

 

620

 

Property and equipment

 

 

4,008

 

Goodwill

 

 

50,508

 

Intangible assets

 

 

49,600

 

Deferred tax asset

 

 

124

 

Other assets

 

 

9

 

Total assets acquired

 

 

111,414

 

Current liabilities

 

 

(7,332

)

Deferred tax liability

 

 

(3,762

)

Other liabilities

 

 

(6,167

)

Total liabilities assumed

 

 

(17,261

)

Net assets acquired

 

$

94,153

 

 

Schedule of Identifiable Intangible Assets Acquired and Weighted Average Useful Lives

Goodwill from the Voicebox acquisition is not tax deductible. The following are the identifiable intangible assets acquired and their respective weighted average useful lives, as determined based on final valuations (dollars in thousands):

 

 

 

Voicebox

 

 

 

Amount

 

 

Weighted Average

Life (Years)

 

Core and completed technology

 

$

12,700

 

 

 

4.0

 

Customer relationships

 

 

36,900

 

 

 

5.0

 

Total

 

$

49,600

 

 

 

 

 

 

Schedule of Results of Voicebox and Unaudited Pro-forma Information

The results of Voicebox for the post-acquisition period from April 2, 2018 to September 30, 2018 are as follows:

 

Total revenue

 

$

5,631

 

Net loss

 

$

(9,238

)