Annual report pursuant to Section 13 and 15(d)

Related Party

v2.4.1.9
Related Party
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party
Related Party
Beginning in 2012, Scott S. Ingraham began serving on our board of directors. He is an investor in Zuma Capital Greenville LLC ("ZCG"), which is a minority member of the parent entity from which we acquired certain assets relating to the LevelOne business in November 2010. Pursuant to the LevelOne acquisition agreement, we held back a portion of the purchase price for a period of time in order to ensure payment for any claims that arose post-acquisition, which amount, net of claims and adjustments, was paid in May 2012. ZCG's interest in this pay-out was approximately $0.2 million. Mr. Ingraham also serves on the Board of Trust Managers of Camden Property Trust, one of our larger customers.