Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition (Tables)

v3.22.1
Business Acquisition (Tables)
3 Months Ended
Apr. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Total Purchase Consideration
The total purchase consideration for the acquisition of Cloud Elements was $36.1 million, which consisted of the following (in thousands):
Amount
Cash $ 5,660 
Fair value of common stock 30,467 
Total $ 36,127 
Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the final allocation of the purchase price to assets acquired and liabilities assumed as of the acquisition date (in thousands):
  March 19, 2021
Cash $ 162 
Accounts receivable 743 
Other assets 1,996 
Intangible assets 11,200 
Goodwill 27,686 
Total assets acquired 41,787 
Total liabilities assumed (5,660)
Total $ 36,127 
Schedule of Identifiable Intangible Assets Acquired and Their Estimated Useful Lives
The following table sets forth the identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:
Fair Value
(in thousands)
Estimated Useful Life
(in years)
Developed technology $ 6,600  5.0
Customer relationships 4,500  3.0
Trade name 100  3.0
Total $ 11,200