Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.2.0.727
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Allocated Purchase Price
We allocated the purchase price for InstaManager, VMM, Notivus and Kigo as follows:
 
 
InstaManager
 
VMM
 
Notivus
 
Kigo
 
 
(in thousands)
Intangible assets:
 
 
 
 
 
 
 
 
Developed product technologies
 
$
4,490

 
$
671

 
$
1,840

 
$
2,570

Customer relationships
 

 
200

 

 
1,120

Trade names
 
527

 

 

 
602

Goodwill
 
4,135

 
358

 
2,852

 
32,996

Deferred revenue
 
(33
)
 

 
(156
)
 

Net deferred taxes
 

 

 

 
(495
)
Net other assets (liabilities)
 
55

 

 
(141
)
 
(547
)
Total purchase price
 
$
9,174

 
$
1,229

 
$
4,395

 
$
36,246

We preliminarily allocated the purchase price of Indatus and VRX as follows:
 
 
Indatus
 
VRX
 
 
(in thousands)
Accounts receivable
 
$
646

 
$

Intangible assets:
 
 
 
 
Developed product technologies
 
13,400

 
752

Customer relationships
 
9,770

 
11

Trade names
 
83

 

Goodwill
 
25,987

 
1,228

Net other liabilities
 
(56
)
 

Total purchase price
 
$
49,830

 
$
1,991

Pro Forma Financial Information
We prepared the pro forma financial information for the combined entities for comparative purposes only, and it is not indicative of what actual results would have been if the acquisitions had occurred at the beginning of the presented period, or of future periods. Pro forma results are presented in thousands, except per share amounts.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
Pro Forma
 
2014
Pro Forma
 
2015
Pro Forma
 
2014
Pro Forma
Revenue:
 
 
 
 
 
 
 
On demand
$
112,692

 
$
94,972

 
$
222,220

 
$
195,542

On premise
726

 
826

 
1,467

 
1,691

Professional and other
3,396

 
2,556

 
6,665

 
5,246

Total revenue
116,814

 
98,354

 
230,352

 
202,479

Net loss
$
(3,948
)
 
$
(7,058
)
 
$
(6,039
)
 
$
(8,888
)
Net loss per common share
 
 
 
 
 
 
 
Basic
$
(0.05
)
 
$
(0.09
)
 
$
(0.08
)
 
$
(0.12
)
Diluted
$
(0.05
)
 
$
(0.09
)
 
$
(0.08
)
 
$
(0.12
)