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Goodwill
6 Months Ended
Jul. 31, 2022
Goodwill  
Goodwill

Note 10 – Goodwill

Goodwill is recorded when the consideration paid for an acquisition of a business exceeds the fair value of identifiable net tangible and intangible assets acquired. The following table summarizes the changes in goodwill since January 31, 2021:

    

July 31,

    

January 31,

2022

2022

Balance at beginning of period

 

608,761

 

565,177

Acquisition of QuestaWeb

 

 

21,691

Acquisition of Portrix

 

 

15,032

Acquisition of GreenMile

 

 

12,968

Acquisition of NetCHB

 

26,797

 

Acquisition of Foxtrot

 

1,527

 

Acquisition of XPS

 

43,529

 

Adjustments on account of foreign exchange

 

(8,812)

 

(6,107)

Balance at end of period

 

671,802

 

608,761