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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2014
ACQUISITIONS [Abstract]  
Schedule of Estimated Fair Values of Assets Acquired in Business Acquisition

Net assets (including cash of $337)

  $ 733

Deferred revenues

  (366 )

Intangible assets

  4,384

Goodwill

  4,547
 

Total purchase price

  $ 9,298
Schedule of Intangible Assets Acquired in Business Acquisition
Fair


value


Core technology (1)

$ 3,596

Customer relationships (2)

564

Non-Competition agreement (3)

  224
 

Total intangible assets

  $ 4,384

 

  (1)
Core technology represents a combination of Hayes processes and trade secrets related to the design and development of its products. This proprietary know-how can be leveraged to develop new technology and improve the Company products and is amortized over 6 years using the accelerated method.

 

  (2)
Customer relationships represent the underlying relationships and agreements with Hayes' installed customer base and are amortized over 9 years using the accelerated method.

           

  (3)
The amount assigned to the non-competition agreement relates to the non-competition agreement that the Company entered into with the founder of Hayes for a period of 4 years, which is amortized on a straight line basis over four years.
Summary of Pro Forma Information
    Year ended  
    December 31,  
    2013     2012  

  Unaudited  

    

               

Revenues

  $ 28,381
    $ 29,030  

Net loss

  $ (1,240
  $ (320

Basic and diluted loss per share

  $ (0.11
  $ (0.03