Subsequent Events

9 Months Ended

Aug. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Effective September 1, 2014, we began operating as three distinct business units: OpenEdge, Application Development and Deployment, and Data Connectivity and Integration, each with dedicated sales, product management and product marketing functions. As a result of these changes, we expect to adopt segment reporting for our three business units beginning in the fourth fiscal quarter of 2014.

On October 1, 2014, we acquired 100% of the capital stock of BravePoint, Inc. (BravePoint) from Chesapeake Utilities Corporation in exchange for an aggregate sum of $12.0 million in cash. BravePoint is based in Norcross, Georgia and is a leading provider of consulting, training and application development services designed to increase customers' profitability and competitiveness through the use of technology. As a result of the timing of the close of the transaction, the initial accounting for the business combination was incomplete through the date our condensed consolidated financial statements were issued. In connection with the acquisition, we expect any resulting goodwill to be deductible for tax purposes. Results of operations for BravePoint will be included in our consolidated financial statements as part of the OpenEdge business unit from the date of acquisition.