Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Business Acquisition [Line Items]  
Pro Forma Financial Information
The following table presents unaudited pro forma results of operations for 2013 and 2012 as if the aforementioned acquisitions had occurred at the beginning of each period presented. The pro forma financial information as of December 31, 2013 and 2012, respectively, includes the business combination accounting effects resulting from these acquisitions including $2.5 million and $5.2 million of amortization charges from acquired intangible assets. 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 taken place at the beginning of the periods presented, or of future results.
 
 
 
Year Ended December 31,
 
 
2013
Pro  Forma
 
2012
Pro  Forma
 
 
(unaudited)
 
(unaudited)
Revenue:
 
 
 
 
On demand
 
$
367,544

 
$
318,414

On premise
 
3,691

 
5,216

Professional and other
 
11,019

 
10,556

Total revenue
 
382,254

 
334,186

Net income
 
18,748

 
512

Net income per share:
 
 
 
 
Basic
 
$
0.25

 
$
0.01

Diluted
 
$
0.25

 
$
0.01

SFL, RentSentinel, Windsor Compliance, MyBuilding and Active Building
 
Business Acquisition [Line Items]  
Allocated Purchase Price Table
We preliminarily allocated the purchase price for SFL, RentSentinel, Windsor Compliance, MyBuilding and Active Building as follows:
 
 
 
SFL
 
RentSentinel
 
Windsor Compliance
 
MyBuilding
 
Active Building
 
 
(in thousands)
Intangible assets:
 
 
 
 
 
 
 
 
 
 
Developed product technologies
 
$
1,406

 
$
4,238

 
$

 
$
1,450

 
$
3,850

Customer relationships
 
161

 
2,390

 
1,230

 
1,000

 
2,650

Tradenames
 

 

 

 
328

 
597

Goodwill
 
1,035

 
3,633

 
1,302

 
5,043

 
7,198

Deferred revenue
 

 
(304
)
 
(107
)
 
(258
)
 

Net deferred taxes
 

 
226

 

 
(813
)
 

Net other assets
 
88

 
313

 
226

 
111

 
76

Total purchase price, net of cash acquired
 
$
2,690

 
$
10,496

 
$
2,651

 
$
6,861

 
$
14,371

RMO and Vigilan
 
Business Acquisition [Line Items]  
Allocated Purchase Price Table
We allocated the purchase price for RMO and Vigilan as follows:
 
 
 
RMO
 
Vigilan
 
 
(in thousands)
Intangible assets:
 
 
Developed product technologies
 
$
2,460

 
$
1,430

Customer relationships
 
1,770

 
1,150

Goodwill
 
3,439

 
2,454

Net deferred taxes
 
(1,502
)
 

Net other assets
 
(410
)
 
(34
)
Total purchase price, net of cash acquired
 
$
5,757

 
$
5,000

MTS, SLN and Compliance Depot
 
Business Acquisition [Line Items]  
Allocated Purchase Price Table
We allocated the purchase price for MTS, SLN and Compliance Depot as follows:
 
 
 
MTS
 
SLN
 
Compliance
Depot
 
 
(in thousands)
Intangible assets:
 
 
 
 
 
 
Developed product technologies
 
$
2,280

 
$
1,200

 
$
382

Customer relationships
 
27,600

 
2,630

 
9,030

Tradenames
 
24,800

 
2,560

 
2,230

Goodwill
 
33,795

 
8,356

 
13,349

Deferred revenue
 
(164
)
 

 
(2,380
)
Net deferred taxes
 
(15,574
)
 
(1,347
)
 

Net other assets
 
2,210

 
(224
)
 
(110
)
Total purchase price, net of cash acquired
 
$
74,947

 
$
13,175

 
$
22,501