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Goodwill
6 Months Ended
Jul. 31, 2024
Goodwill  
Goodwill

Note 9 – 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, 2023:

    

July 31,

    

January 31,

2024

2024

Balance at beginning of period

 

760,413

 

675,647

Acquisition of GroundCloud

 

 

82,750

Acquisition of Localz

 

 

954

Acquisition of OCR

 

50,789

 

Acquisition of ASD

 

35,604

 

Acquisition of BoxTop

 

7,747

 

Adjustments on account of foreign exchange

 

(4,562)

 

1,062

Balance at end of period

849,991

760,413