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Business Combinations
12 Months Ended
Apr. 24, 2020
Business Combinations [Abstract]  
Business Combinations

4. Business Combinations

Fiscal 2020 Acquisitions

On March 6, 2020, we acquired all the outstanding shares of privately-held Talon Storage Solutions, Inc., a provider of next generation software-defined storage solutions, for $23 million in cash.

 

The preliminary acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):

 

Cash

 

$

2

 

Developed technology intangible asset

 

 

6

 

Customer contracts/relationships

 

 

4

 

Other assets

 

 

4

 

Goodwill

 

 

13

 

Total assets acquired

 

 

29

 

Liabilities assumed

 

 

(6

)

Total purchase price

 

$

23

 

On May 23, 2019, we acquired all the outstanding shares of privately-held Cognigo Research Ltd., a provider of data discovery classification software designed to manage and protect critical data, for $53 million in cash.

 

The acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):

 

Cash

 

$

2

 

Developed technology intangible asset

 

 

26

 

Goodwill

 

 

30

 

Total assets acquired

 

 

58

 

Liabilities assumed

 

 

(5

)

Total purchase price

 

$

53

 

Fiscal 2019 Acquisition

On September 17, 2018, we acquired all of the outstanding shares of a privately-held software company for $3 million in cash. Substantially all of the purchase price was recorded to goodwill.

Fiscal 2018 Acquisitions

On August 4, 2017, we acquired all of the outstanding shares of Greenqloud ehf., a privately-held provider of cloud management software based in Iceland, for $51 million in cash, of which we allocated $10 million to developed technology, $38 million to goodwill, and the remainder to other assets.

On June 15, 2017, we acquired all of the outstanding shares of Plexistor Ltd., a privately-held provider of software defined memory architecture based in Israel, for $24 million in cash, of which we allocated $6 million to developed technology, $17 million to goodwill, and the remainder to other assets.