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Revenue | 3 Months Ended | 5 Months Ended
--- | --- | ---
Apr. 30, 2021 | Jan. 31, 2021
SOFTWARE LUXEMBOURG HOLDING S.A. (SUCCESSOR) AND POINTWELL LIMITED (PREDECESSOR) |  |
Revenue | (13) Revenue Disaggregated Revenue and Geography Information The following is a summary of revenues by type for the three months ended April 30, 2021 (Successor) and three months ended April 30, 2020 (Predecessor), (in thousands):
|  | Successor |  | Predecessor
|  | Three months ended |  | Three months ended
|  | April 30, 2021 |  | April 30, 2020
SaaS and subscription services |  | $ | 78,575 |  | $ | 101,089
Software maintenance |  |  | 4,064 |  |  | 5,260
Professional services |  |  | 8,191 |  |  | 10,946
Perpetual software licenses |  |  | 871 |  |  | 1,031
Hardware and other |  |  | — |  |  | 3
Total net revenues(1) |  | $ | 91,701 |  | $ | 118,329
The following table sets forth our revenues by geographic region for the three months ended April 30, 2021 (Successor) and three months ended April 30, 2020 (Predecessor), (in thousands):
|  | Successor |  | Predecessor
|  | Three months ended |  | Three months ended
|  | April 30, 2021 |  | April 30, 2020
Revenues: |  |  |  |  |  |
United States |  | $ | 70,170 |  | $ | 93,533
Other Americas |  |  | 4,461 |  |  | 4,931
Europe, Middle East and Africa |  |  | 12,113 |  |  | 13,787
Asia-Pacific |  |  | 4,957 |  |  | 6,078
Total net revenues(1) |  | $ | 91,701 |  | $ | 118,329
Other than the United States, no single country accounted for more than 10% of revenue for all periods presented. Deferred Revenue Deferred revenue activity for the three months ended April 30, 2021 was as follows (in thousands):
Deferred revenue at January 31, 2021 (Successor) |  | $ | 260,584
Billings deferred |  |  | 67,034
Recognition of prior deferred revenue |  |  | (91,701)
Deferred revenue at April 30, 2021 (Successor) |  | $ | 235,917
Deferred revenue performance obligations relate predominately to time-based SaaS and subscription services that are billed in advance of services being rendered. Deferred Contract Acquisition Costs Deferred contract acquisition cost activity for the three months ended April 30, 2021 was as follows (in thousands):
Deferred contract acquisition costs at January 31, 2021 (Successor) |  | $ | 7,584
Contract acquisition costs |  |  | 5,491
Recognition of contract acquisition costs |  |  | (3,323)
Deferred contract acquisition costs at April 30, 2021 (Successor) |  | $ | 9,752
| (17)Revenue Revenue Components and Performance Obligations Subscription services The Company offers (i) subscriptions for its content offerings, which includes hosted tools that allow users to access and consume its content offerings and (ii) hosted versions of its SumTotal offerings. The Company’s subscription contracts include standard terms and conditions and typically have terms between one and three years. Annual contracts are usually non-cancellable and non-refundable whereas multi-year contracts sometimes allow customers to cancel early at certain anniversary dates. Billing is usually in advance of services being provided, with payments typically due 30 to 60 days from service commencement. The Company’s subscription arrangements usually do not provide customers with the right to take possession of the software and, as a result, are accounted for over time as service arrangements. Access to the platform represents a series of distinct services as the Company continually provides access to, and fulfill its obligation to, the end customer over the subscription term. The series of distinct services represents a single performance obligation that is satisfied over time. Accordingly, the fixed consideration related to subscription revenue is generally recognized on a straight-line basis over the contract term, beginning on the date that the service is made available to the customer. Professional services The Company provides a variety of professional services that generally consist of implementation, integration, consulting and custom content creation services. Most of the Company’s professional service engagements are short in duration, performed on a fixed fee basis with a standard contract with governing terms and conditions. Billing is usually in advance of services being provided, with payments typically due 30 to 60 days from service commencement, however, some customers will negotiate a final milestone billing upon completion of the project. Each service deliverable generally represents a distinct performance obligation and revenue is recognized over time, typically in proportion of the total hours incurred as a percentage of total estimated hours required to complete the project. Perpetual software licenses, hardware and other While less common and decreasing in favor of SaaS offerings, the Company also offers perpetual licenses for some of its SumTotal product offerings. The Company also, from time to time, resells off the shelf hardware that works in conjunction with certain of its SumTotal solutions. The Company sells these products to customers under a contract and payment terms are generally 30 to 60 days from delivery. Each individual product sold to a customer represents a distinct performance obligation and revenue is recognized at the point in time when control of the product transfers, which is typically when the product is shipped to the customer or, in the case of certain software licenses, when the software license term commences and is accessible by the customer. Software maintenance For customers that previously purchased a perpetual software license for one of the Company’s SumTotal products, the Company offers software maintenance. Software maintenance contracts are provided under the Company’s standard terms and conditions and typically have terms of one year of more. Billing is usually in advance of services being rendered, with payments typically due 30 to 60 days from service commencement. Software maintenance contracts include stand-ready performance obligations to provide software updates, bug fixes and call support. Software maintenance contract performance obligations are satisfied over time and revenue is recognized ratably over the term of the support contract. Disaggregated Revenue and Geography Information The following is a summary of revenues by type for the period August 28, 2020 through January 31, 2021 (Successor), February 1, 2020 through August 27, 2020 (Predecessor), and the fiscal years ended January 31, 2020 and 2019 (Predecessor) (in thousands):
|  | Successor |  |  | Predecessor
|  | August 28, 2020 |  |  | February 1, 2020 |  | Year Ended |  | Year Ended
|  | through January 31, |  |  | through August 27, |  | January 31, |  | January 31,
|  | 2021 |  |  | 2020 |  | 2020 |  | 2019
SaaS and subscription services |  | $ | 93,205 |  |  | $ | 234,766 |  | $ | 439,791 |  | $ | 462,240
Software maintenance |  |  | 4,770 |  |  |  | 12,079 |  |  | 23,982 |  |  | 30,161
Professional services |  |  | 9,546 |  |  |  | 24,499 |  |  | 45,661 |  |  | 38,043
Perpetual software licenses |  |  | 1,241 |  |  |  | 2,486 |  |  | 1,885 |  |  | 3,340
Hardware and other |  |  | 6 |  |  |  | 21 |  |  | 2,702 |  |  | 357
Total net revenues(1) |  | $ | 108,768 |  |  | $ | 273,851 |  | $ | 514,021 |  | $ | 534,141
The following table sets forth our revenues by geographic region for the period August 28, 2020 through January 31, 2021 (Successor), February 1, 2020 through August 27, 2020 (Predecessor), and the fiscal years ended January 31, 2020 and 2019 (Predecessor) (in thousands):
|  | Successor |  |  | Predecessor
|  | August 28, 2020 |  |  | February 1, 2020 |  | Year Ended |  | Year Ended
|  | through January 31, |  |  | through August 27, |  | January 31, |  | January 31,
|  | 2021 |  |  | 2020 |  | 2020 |  | 2019
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 84,248 |  |  | $ | 217,783 |  | $ | 405,065 |  | $ | 421,746
Other Americas |  |  | 4,724 |  |  |  | 8,899 |  |  | 21,925 |  |  | 22,807
Europe, Middle East and Africa |  |  | 13,934 |  |  |  | 32,788 |  |  | 61,321 |  |  | 66,244
Asia-Pacific |  |  | 5,862 |  |  |  | 14,381 |  |  | 25,710 |  |  | 23,344
Total net revenues(1) |  | $ | 108,768 |  |  | $ | 273,851 |  | $ | 514,021 |  | $ | 534,141
| (1) |  | As a result of the Company’s adoption of ASC 606 effective February 1, 2019 using the modified retrospective method, prior period amounts have not been adjusted to conform with ASC 606 and therefore may not be comparable.
Other than the United States, no single country accounted for more than 10% of revenue for all periods presented. Deferred Revenue Deferred revenue activity for the period February 1, 2020 through August 27, 2020 (Predecessor) and the period August 28, 2020 through January 31, 2021 (Successor) was as follows (in thousands):
Deferred revenue at February 1, 2020 (includes current and non-current components) |  | $ | 311,170
Billings deferred |  |  | 163,333
Recognition of prior deferred revenue |  |  | (273,851)
Deferred revenue at August 27, 2020 |  |  | 200,652
Fresh start reporting fair value adjustment |  |  | (116,252)
Deferred revenue at August 28, 2020 (Successor) |  |  | 84,400
Billings deferred |  |  | 284,952
Recognition of prior deferred revenue |  |  | (108,768)
Deferred revenue at January 31, 2021 (Successor) |  | $ | 260,584
Deferred revenue performance obligations relate predominately to time-based SaaS and subscription services that are billed in advance of services being rendered. Deferred Contract Acquisition Costs Deferred contract acquisition cost activity for the period February 1, 2020 through August 27, 2020 (Predecessor) and the periods August 28, 2020 through January 31, 2021 (Successor) was as follows (in thousands):
Deferred contract acquisition costs at February 1, 2020 |  | $ | 22,887
Contract acquisition costs |  |  | 11,965
Recognition of contract acquisition costs |  |  | (14,060)
Deferred contract acquisition costs at August 27, 2020 (Predecessor) |  | $ | 20,792
Fresh start reporting fair value adjustment |  |  | (20,792)
Deferred contract acquisition costs at August 28, 2020 (Successor) |  |  | —
Contract acquisition costs |  |  | 19,973
Recognition of contract acquisition costs |  |  | (12,389)
Deferred contract acquisition costs at January 31, 2021 (Successor) |  | $ | 7,584

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