Business Combination (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Preliminary Allocation of Purchase Price to Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands):


Purchase price	$	50,538

Recognized amount of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	818
Other current assets	163
Deferred tax asset, long-term	2,714
Other assets	208
Accounts payable and other current liabilities	(3,488)
Intangible assets	10,400
Total identifiable net assets assumed	10,815
Goodwill	39,723
Total purchase price allocation	$	50,538

Business Acquisition, Pro Forma Information

The unaudited pro forma financial information in the table below summarizes the combined results of our operations and DivvyCloud, on a pro forma basis, as though we had acquired DivvyCloud on January 1, 2019. The unaudited pro forma financial information also includes the effects of business combination accounting resulting from the acquisition, including an adjustment to revenue for the deferred revenue fair value adjustment, amortization expense from acquired intangibles assets, reversal of acquisition-related expenses and the stock-compensation expense recorded to retain certain employees.


	Three Months Ended March 31, 2020
	(in thousands)
Revenue	$	97,221
Net loss	$	(27,566)