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Goodwill
12 Months Ended
Jan. 31, 2025
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, 2023:

    

January 31,

    

January 31,

2025

2024

Balance at beginning of period

 

760,413

 

675,647

Acquisition of GroundCloud

82,750

Acquisition of Localz

954

Acquisition of OCR

52,112

Acquisition of ASD

35,604

Acquisition of BoxTop

7,747

Acquisition of MCP

13,429

Acquisition of Sellercloud

72,059

Adjustments on account of foreign exchange

 

(16,609)

 

1,062

Balance at end of period

924,755

760,413