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Business Combinations
12 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Business Combinations Business Combinations
On August 9, 2019, we acquired 100% of the equity of EZMCOM for $18.6 million in cash. EZMCOM is a provider of digital security and authentication products that helps organizations protect users, data and applications from credential theft, account takeover and breaches. We expect that this acquisition will help provide our clients, including the world’s largest financial services institutions, with a seamless approach to authentication and customer onboarding across digital channels, mobile devices, servers and workstations. We recorded, separately from goodwill, the assets acquired and the liabilities assumed at their acquisition-date fair values, which included $2.7 million of cash and $6.0 million of intangible assets primarily consisting of completed technology. The intangible assets are being amortized using the straight-line method over a weighted average useful life of 4.73 years. We allocated $11.2 million of goodwill to our Applications segment that is deductible for tax purposes. EZMCOM has been included in our operating results since the acquisition date. The pro forma impact of this acquisition was not deemed material to our results of operations.
There were no acquisitions incurred during fiscal 2018 and 2017.